Monday, August 30, 2010

Charts Update





Charts cant get anymore better than that , Eur.usd as i shown in the weekend chart was looking so weak although we have seen quite a rally in the commodities after the news but it couldnt help the Eur to break the top of the bearish flag and if it had a chance to gain momentum to do so , it would have been on that GDP news on friday .
Eur.usd now broken below the bearish flag after the charm of the commodities bounce faded , i ll be looking to stablish a short position against the top as soon as i see any kind of short term bounce to test the bottom resistance line of the flag .
i also called on the twitter a top in the Aussie below 9050 which was very accurate as well , and its now testing support near 89 , will be looking to short it as well when i see a proper bounce .
as shown in the Aussie chart , it went down right from the resistance zone i shown on the weekend chart between the 2 red lines , charts cant get anymore accurate than that :)

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