Euro @11/18/2012

Elephant Paths

There's very good odds for EURUSD corrective break from 1.2850 had attracted additional M/T liquidity to sustain the M/T up trend from July for another probe up to the 1.31~1.32 zones before printing sub 1.2650..
1.2720~1.2650 is a strong L/T confluence support zone dating back to 2008 with an inverted SHS being painted in the Weekly chart..

Euro @05/26/2012

Euro @1.2515
GBP pausing in-front of 1.56 & EURGBP stabilizing .7950~.8100 side to up should give Euro some reprieve from the recent 7+ fig drop..
Euro could retrace to 1.2650~1.27 prior to resuming slide to M/T target 1.1850

Dollar Gold & Euro @August,2011

Euro painting an "Quantitative Easy Slide" monthly picture..
Yearly ATR suggests 1.32 may be an Easy Slide target in Q4.. weekly under 1.42 may be good-bye with good M/T odds for 1.18 before 1.58..
Euro @1.4380

Gold & Silver aren't moving in tandem.. with Gold flashing a potential L/T blow-off exhaustion gap @1680, failure to sustain 1700 with new highs could set off a mid-term correction for the yellow metal with Dollar/Swiss & Dollar/Yen being the main beneficiaries..

Dollar @08/08/2011

The Dollar setting up for another Thanksgiving run.. Good scale in opportunities across the board from current levels for long distance marchers & multi-year range players..

Medium~~Long Term targets:
Dollar Index 85~~98
USDCHF .90~~1.18
USDJPY .88~~1.08
EURUSD 1.25~~1.08
GBPUSD 1.43~~1.13

Dollar Index @08082011

USDX vs Gold 1972-2009

"Despite gold bugs’ insistence that an imminent surge is at hand, gold’s countertrend rally high remains $1007.20 on February 20th. The target for the currency decline is below $680. Silver too made a countertrend rally high at $14.68 (Feb 23). The current decline from this extreme should eventually draw prices beneath $8.39. The uptrend in the US Dollar Index should carry well beyond 89.62 high on March 4."
www.blackswantrading.com

Dollar, Dow, & Gold @02/27/09

While the Dow had plunged 7000 points over the past year, Gold had been stucked in a $300 range & the Dollar had recovered 1800 points from historic lows.. with all three now at/near their M/T range extremes, the Dollar could benefit while Gold stay range-bound should equities stabilizes & consolidate near term from Dow's 12 year lows..

usdx monthly @022709

The Dollar have additional support from USDX 80 after its recent correction.. sustained weekly & monthly break above 3 years highs suggests good odds for trend continuation up to the 88/92 mid-term levels..


euro @022709

Euro was saved from going below 1.23 by Eur/Gbp, but the failure by the Cross to sustain a break over .90 plus extended weakness in Eur/Jpy may had snuffed out the bounces over the last 2 months.. Euro ending February below 1.27 increases the odds for trend continuation & retest of the 1.23/1.18 M/T zones.. Below 1.23 will tilt the odds for the January high to stay intact for the year..


gold @0022709

M/T Gold had been contained in a $300 range contrary to the prevailing $1500+ expectations..
After touching 1000 last March, its M/T bias had been side to down in sympathy with the global equity markets.. the recent $150 rise from 850 may had been induced by the Dow's impulsive break below 8000.. near term consolidation by equities from Dow's 12 year lows could see more liquidation up here at the recent highs & range bound gold for a lot longer then most would expect..

Dollar & Gold @120808

In keeping with the festive spirits, the Dollar may be giving back some of it's multi-month gain vs the majors.. However, with consecutive quarterly closes above Dollar Index 80, the short term bias is side to up range within the 82/87 zone prior to level shifting up to the 88/92 mid-term levels..

DX-Gold @120808
Goldies & dollar bullies can look forward to better levels to hoard gold & their favorite majors as markets usually follow through over the medium term after violating the yearly ranges..
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Gold Weekly @120808
After flashing weekly cluster breaks below the 21&50 week ma for the first time since the initial run-up from 2002, Gold had confirmed a Golden cross with price capped below the 21&50 week ma clusters..
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Gold Monthly @120808
Gold had violated the 21 month ma since the last update @100308, the break of 21 month ma tilt the odds for a mult-year side to down correction..

Merry Christmas & Have'pip New Year..