Of all the trending topics how did Farrah Fawcett end upon this list?

USDCAD Closes 3rd of 4 Days Over Key Support

Although I consider this a key support line on the daily chart, I will be surprised to see it hold to long. The area is just too small and tight, and 1.1500 is also a good line of support considering the Bounce that happened there last month. I am still not sure how to trade this, but am keeping a close eye on it for something to happen. Perhaps a push to the lower line or a push to 1.1780 area. Looking at the shorter term charts will produce the better trade I think. Maybe tonight I'll post an hourly chart with some analysis.

EURJPY Coil set to strike soon!

SHould the top side break, 136.00/50 will be the initial target/ Resistance point. If the downside breaks, sub 132.00 comeinto view, eithway, 200+ points are on the table for the taking. Depending on how you set your trade, you could end this tade very well indeed. Stops located on the other side of the break lines would keep you Risk to Reward pretty sound. We'll be discussing the trades we had over the last few days in tonight webinar. So if you want in, they are free and you can sign up just to the left of this article. Hope we see you there.

GBPJPY Head and Shoulders Not Invalidated Yet

Given the recent volitility in the market, this pair has decided to neither exhibit to much strength or weakness. The Pound has lost a little favor but not enough to carry over to JPY strength. I will bew looking for the pair to break the neckline for shorts in the medium term.

USDINX Buck Losing It's Bid Tone

After all the hubbub yesterday about the USD strength, the buck is losing it's bid tone in afternoon trade. With Crude back above 70 and the DJIA back above 8400 today, the dollar was bound to lose some of it's luster. Now we wait and see if people REALLY beleive the worst of it is all over, and there is notheing but rosy days ahead. Those that believe it will continue to head for commodities and risk currencices, those that don't will go for the USD and hunker down. It was interesting to note that one of the guys tied to energy, retail, and most other sectors of the market said yesterday that "Everything that I see about the economy is that we've had no bounce.", and that " We're not seeing them." when asked about green shoots appearing in the economy. I've thought this for a while but the one line that made me double take was that the "economy will be in shambles for some time to come." No, tell us what you really think Mr. Buffet.

EURUSD Above Key Support Below Pivot

Price action has kept the pair below the daily pivot point(circled in red, hourly), yet above the resistance(black line on the left, daily) that was broken on Tuesday, and has now become a little support. The two way pressure on the pair has kept price in a rough 80 point Range for the last 22 hours. I will be looking for a break of the pivot at 1.3984 and also a break of support just below 1.3900 for trade opportunities.

EURJPY Setting Up To Break

If you had to guess what pair was goping to break soon I would venture a guess toward the EURJPY. With four failures now at 135.00+ the top side isn't lookinf great. But in this market is't best to wait and see. The only disturbing thing I am seeing though is an inverted head and shoulders forming on the 8 HR chart. Inorder to invalidate that131.50 will have to print.

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