Fx BBQ: August 2011

Tuesday, August 09, 2011

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..

Monday, August 08, 2011

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