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GBP/USD - British Pound Dollar
Short term (Intraday)
1,8834. There is an hoizontal range between 1,8790 and 1,8870. Support and resistance are given by Bollinger bands. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
Medium term (Daily)
GBP USD broke the triangle pattern's resistance. The pattern's objective is 2,0000. GBP USD is in an uptrend supported by daily exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bullish configuration. The uptrend should continue on 2,0000 resistance.
Long term (Weekly)
GBP USD is in a triangle pattern. GBP USD is in an uptrend supported by weekly exponential moving averages. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The uptrend should continue to gather momentum.
Resistances
1,8880 - 1,8890 - 1,8930
Supports
1,8825 - 1,8800 - 1,8750
Long term chart
GBP/USD - British Pound Dollar

USD/JPY - Dollar Yen
Short term (Intraday)
103,78. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just bellow 104,00 resistance. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
Medium term (Daily)
USD JPY is in an downtrend directed by daily exponential moving averages. The volatility is high. Bollinger bands are drawing the trend. MACD is in a bearish configuration. The downtrend should continue to gather momentum.
Long term (Weekly)
USD JPY is in an downtrend directed by Weekly exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bearish configuration. The downtrend should resume with more vigor..
Resistances
104,00 - 104,40 - 105,00
Supports
103,50 - 103,30 - 103,20 - 103,00

USD/CHF - Dollar Swiss Franc
Short term (Intraday)
1,1885. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just above 1,1870 support. The volatility is low. Oscillators are neutral. The price has a good probability to go up. The target is expected at 1,1950. We won't take a position.
Medium term (Daily)
USD CHF is in an downtrend directed by daily exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are tightened. daily MACD crosses and gives a positive signal. The price should continue to consolidate. The price should find a resistance below 1,1800.
Long term (Weekly)
USD CHF is in an downtrend directed by weekly exponential moving averages. The volatility rises. Bollinger bands are drawing the trend. RSI is in a bearish configuration. The downtrend should continue on 1,1200 support.
Resistances
1,1900 - 1,1925 - 1,1950
Supports
1,1875/70 - 1,1840
Long term chart
USD/CHF - Dollar Swiss Franc

Yep - two in the bowl.
Followed Croc's rule that if it hesitates, get out - so I've taken 1. Sounds stupid but I'm getting a lot of little profits now. Am willing to wait for a determined run to start, and if it doesn't, I'm out. Working well for me.

Euro/Swissie moving more favourably than pound/yen for dollar shorts just now.
A brave being might short $ agaainst their preferred cross now, a less brave one may do it just? after probably already factored in FOMC but before Friday 1.30?

Well, before reading the above I managed to go short EUR/USD on charting grounds - from 13075 and 13080. Looking for at least 13040/50 to get back to it's late Tuesday evening position.

Bit of a new departure for me - don't normally stray from cable. We'll see

magg well done,
hod agree ob rate hike in the price but still wud not want to be shrt$

shrt cable @ 50 early. one......

covered half @ 40

whats this interest rate rise going to do to cable overnight

sold cable 1.8860

Jeff, me too for +10 but I've been watching it on and off all night. waste of time!

closed overnight cable short for +32, which was nice

Hi folks. Just a couple of questions before I join you with a punt (will be a week or two before I do anyway). Say I was going 1 a point on cable, what's my exposure? Around 18k? How much margin does this use up with cmc?

And which site shows the best charts to print off? I'm thinking of 1 day, 5 day and a few weeks charts. Need these charts to get a feel for it. Many thanks for your help - and special thanks Mos for all the stuff you keep sending.

mng jeff, bushs speech seems to have done very little cable same as yesterday it seems,nfp will be the key


seymour 1 pp s/b margin is 150 quid..
as for charts ..cmc`s are basic..

http://www.dailyfx.com/active_charts.html


or try above...

Well, yesterday proved to be be fruitful. Left my EUR/USD to limit stop out for +40 and +45. My cable short trigger was fired at 880 and that is still open for +35 so I'm looking to see whether to close that. And that was all whilst I was away from the screen doing day job type stuff.

Very pleased with myself. Good week so far. Must make sure I don't blow it with some stupid trades.

Economic calendar for 3rd Feb. 05

3 Feb. 05 00:30  Building Approvals (Australia)  Dec    -0.3%  3 Feb. 05 00:30  National Australia Bank Business Survey (Australia)  Q4      3 Feb. 05 06:45  CPI - MoM (Switzerland)  Jan    -0.2%  3 Feb. 05 07:15  Trade Balance (Switzerland)  Dec    1.3B  3 Feb. 05 08:45  ADACI/Reuters Services PMI (Italy)  Jan      3 Feb. 05 08:50  CDAF/Reuters Services PMI (France)  Jan      3 Feb. 05 08:55  BME/Reuters Services PMI (Germany)  Jan      3 Feb. 05 09:00  Services PMI (EU)  Jan      3 Feb. 05 09:00  Unemployment Rate (Norway)  Jan    3.6%  3 Feb. 05 09:30  Services PMI (UK)  Jan      3 Feb. 05 12:45  ECB Announces Interest Rates (EU)    2.00%  2.00%  3 Feb. 05 13:00  Unit Labor Costs (US)  Q4  1.8%  1.8%  3 Feb. 05 13:30  Weekly Initial Jobless Claims (US)  325K      3 Feb. 05 13:30  Nonfarm Productivity (US)  Q4  2.0%  1.8%  3 Feb. 05 15:00  Factory Orders (US)  Dec  0.7%  1.2%  3 Feb. 05 15:00  ISM Non-Manufacturing (US)  Jan  61.0  63.9  3 Feb. 05 15:30  Weekly EIA Natural Gas Storage Change (US)  Jan 28

MG, you will be thinking your good at this soon.. well done mate, your making some nice points.

mng Mos

yep mng mg sometimes the setting of enrtys and just walking away does work quite nicely.......

Mostrader, thanks. Well, I think I can afford a little more than 1pp but will have a go at this level just for starters. Thanks.