Sunday, April 6, 2008

Other Things I am Watching For Tuesday and Beyond

I am very interested in the eur/usd chart. I am waiting to see when the wedge formation will be broken as this will provide direction and therefore opportunity. I am also watching the aud/usd for shorting opportunities. I believe this pair will continue to range and it may be nearing the upper boundary of the range. I am also watching the nzd/usd for shorting opportunities after the usd starts showing signs of strength. I am watching the eur/cad and the eur/aud, they look like they are going to range and will provide some good range trading opportunities. Here are the charts...I really doubt I will trade any of the aforementioned pairs on Monday.






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