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Caroline Carlin's Blog – April 2011 Archive (12)

CAD, Aussie and Gold Weekly Update - April 22 close

USDCAD

The Loonie went above our expectations of last week and made a new low at 0.9453. Price was then rejected and ended on Thursday with a pin bar candle, while Friday was a day of little activity for this pais. Weekly charts show that the price went back and closed inside the descending channel. I maintain my views of a bullish move towards the…

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Added by Caroline Carlin on April 24, 2011 at 10:40pm — No Comments

Yen Pairs Weekly Update - April 22 close

USDJPY

The Dollar-Yen retraced down to the 38.2% weekly Fibonacci level, breaking past the barrier of the confluence of SMA34 and the middle line of the Bollinger bands. Further downside is on the lines to reach the other side at the lower band and psychological level 80.00. On the Daily charts, this represents a potential extension to the…

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Added by Caroline Carlin on April 24, 2011 at 5:37pm — No Comments

Swiss Franc Weekly Update - April 22 close

EURCHF

Last week price went back inside the former weekly descending channel as expected, making a 61.8% correction on the previous swing high, and closing exactly at the level of the upper trend line, slightly above. We have a pin bar that has to be confirmed for a bullish continuation on weekly, and a consolidation over the last three days…

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Added by Caroline Carlin on April 24, 2011 at 12:29pm — No Comments

Euro and Pound Weekly Update - April 22 close

EURUSD

The Euro-Pound made a correction last Monday which almost reached our expected target at the former 38.2% weekly Fibonacci level and went inmediately back up for the rest of the week, making new highs near the 127% extension of the previous daily swing high. Friday ended on a small doji after a strong rejection from the highs, and…

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Added by Caroline Carlin on April 24, 2011 at 10:19am — No Comments

CAD, Aussie and Gold Weekly Update - April 15/18 close

USDCAD

Price reached near 0.9680 level in the expected direction for the Loonie, however the three last days of the week there has been a significant rejection from the highs. On weekly charts this pair respected the lower trend line of the descending channel and the week was overall bullish but with a 50% retracement, closing above the round…

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Added by Caroline Carlin on April 19, 2011 at 7:53am — No Comments

Yen Pairs Weekly Update - April 15/18 close

USDJPY

The Dollar-Yen retested round number 85.00 as expected but barely reached 10 pips above, falling then to the daily SMA200 at 83.50 where price was contained for most of the week, and breaking lower on Friday, reaching the daily middle line of the Bollinger bands at around 83.00, closing slightly above the round number. The pair moved…

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Added by Caroline Carlin on April 19, 2011 at 2:45am — No Comments

Swiss Franc Weekly Update - April 15 close

EURCHF

Price bounced from the strong resistance level at 1.3200/50 two weeks ago, and as expected in our previous analysis we went last week back down below 1.2900 even further than our targeted area of 1.2880 (1.2840/45). Today’s market extreme volatility at news time brought the pair much lower and we are presently trading at the 1.2720/50…

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Added by Caroline Carlin on April 18, 2011 at 5:13pm — No Comments

Euro and Pound Weekly Update - April 15 close

EURUSD

The Euro-Dollar rose last week above previous week’s apparent double top and made new highs, bringing the weekly rising wedge to a steeper angle. Against our main expectations of two weeks ago, price indeed broke the monthly bearish trend line and November 2010 highs, rising to 1.4520 level from where it is presently doing a small…

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Added by Caroline Carlin on April 18, 2011 at 4:40am — No Comments

CAD, Aussie and Gold Monthly Overview - April 2011

Weekly updates: April 08/12 close.

USDCAD

The Loonie continued falling on March though didn’t reach as low as expected (0.9400), making a new low at 0.9526 and closing higher (0.9586) after a 38.2% retracement on the last 4-hour swing low. Earlier this month we have been seeing a recovery and break above this level, making a spike to the 80%…

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Added by Caroline Carlin on April 13, 2011 at 1:22pm — No Comments

Yen Pairs Monthly Overview - April 2011

Weekly updates: April 08/11 close.

USDJPY

The Dollar-Yen fell through previous month lows in March as expected, reaching the lower trend line of the descending channel and lower Bollinger band, near our 76.40 target, being then strongly rejected, rising back and closing near the former highs, at around 83.50. After a retracement near…

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Added by Caroline Carlin on April 12, 2011 at 6:26am — No Comments

Swiss Franc Monthly Overview - April 2011

Weekly updates: April 01/05 close.

EURCHF

March candle for this pair went back to December 2010/January 2011 lows and retraced again to the upside, reaching one more time the upper trend line of the falling wedge and closing slightly above the 38.2% Fibonacci retracement level on the November/December 2010 swing low. We maintain our…

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Added by Caroline Carlin on April 6, 2011 at 4:59am — No Comments

Euro and Pound Monthly Overview - April 2011

Weekly updates: April 01/04 close.

EURUSD

March monthly candle almost reached last November highs for the Euro-Dollar and price is still trading below the bearish trend line. It has since made a new high yesterday at 1.4267 but hasn’t retested yet 1.4280. We seem to be having a double top forming in all three time frames (monthly,…

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Added by Caroline Carlin on April 5, 2011 at 10:57am — No Comments

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