MDunleavy's Journal

[MDunleavy]

This week, US data and the European bank stress test results stole most of the headlines. Canada has quietly seen their currency strengthen towards the lower part of its' recent range. Tuesday saw an increase of 25 basis points on their overnight rate. Canadian Retail Sales and Consumer Price Index printed below expectations, but the currency benefited from the stabilization of commodities. While the outlook for future rate hikes is dismal, the Canadian economy is significantly in a better position than the US.Written by FX Solutions.USDCAD strength can continue towards 1.02.

"P&F USDCAD30 Box Size 40X3 or(1.15%) HI/LO
Data 1.0744 - 1.0138 ~ 2 Month ~ 58.98 Day
Database 2048 records 1.03572 (Last Close)
2010-05-25 23~00
2010-07-23 22~30 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"


BJF Trading Group. Excel Chart. Full size.

[MDunleavy]

As expected, Cable moved up in the Asian and the European sessions today to touch a high of 1.5968. The pair honoured the Resistance at 1.5970 (61.8% retracement of the fall from 1.7042 (Aug-09) to 1.4227 (May-09)) and is currently trading lower. We may see the markets go down towards 1.5900-1.5700, before another rally beyond 1.60 figure in the coming days.

"P&F GBPUSD1 Box Size 5X3 or(0.09%) CLOSE
Data 1.5965 - 1.5862 ~ 0 Month ~ 0.53 Day
Database 768 records 1.59201 (Last Close)
2010-08-03 02~34
2010-08-03 15~24 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

1.5965|~5||||______________________________|0%|0.6 5%
1.5960|~1O|||______________x___x_______+___|0.03%| 0.62%
1.5955|~15|||__________x___x_o_x_o_____x_+_|0.06%| 0.59%
1.5950|~2O|||__________x_o_x_o_x_o_____x_o_|0.09%| 0.55%
1.5945|~25|||__________x_o_x_o_x_o_____x_o_|0.13%| 0.52%
1.5940|~3O|||__________x_o_x_o_x_o_x___x_o_|0.16%| 0.49%
1.5935|~35|||__________x_o___o_x_o_x_o_x_o_|0.19%| 0.46%
1.5930|~4O|||__________x_____o_x_o_x_o_x_o_|0.22%| 0.43%
1.5925|~45|||______x___x_____o_x_o___o___o_|0.25%| 0.4%
1.5920|~5O|||______x_o_x_____o_x_______+_o_|0.28%| 0.37%
1.5915|~55|||______x_o_x_____o_x_____+___o_|0.31%| 0.33%
1.5910|~6O|||______x_o_x_____o_x___+_____+_|0.34%| 0.3%
1.5905|~65|||______x_o_x_____o_x_+_________|0.38%| 0.27%
1.5900|~7O|||______x_o_x_____o_+___________|0.41%| 0.24%
1.5895|~75|||______x_o_______+_____________|0.44%| 0.21%
1.5890|~8O|||______x_______+_______________|0.47%| 0.18%
1.5885|~85|||o_____x_____+_________________|0.5%|0 .15%
1.5880|~9O|||o_x___x___+___________________|0.53%| 0.11%
1.5875|~95|||o_x_o_x_+_____________________|0.56%| 0.08%
1.5870|~1OO||o_x_o_x_______________________|0.6%|0 .05%
1.5865|~1O5||o_x_o_________________________|0.63%| 0.02%
1.5860|~11O||o_+___________________________|0.66%|-0.01%
Column|~115||6_4_3_1_6_1_4_5_1_1_7_3_3_6_8_|
Count|~12O|||______2___2_____2_2___________|


BJF Trading Group. Excel Chart. Full size.

[MDunleavy]

Crude oil edged further higher to 82.97 last week but retreat sharply since then. A temporary top is at least formed and initial bias is neutral this week. We’d continue to seem more retreat below 82.97 first. Nevertheless, note that another rise remains in favor as long as 75.90 support holds. Above 82.97 will target 100% projection of 64.23 to 79.38 from 71.09 at 86.24 next. However, break of 75.9 will be the first signal that whole rebound from 64.23 is finished and will turn focus to 71.09 support for confirmation.The text is written by Oilngold.

"P&F O I L (brent) Box Size $1X3 or(3.71%) CLOSE
Data 91.94 - 69.75 ~ 4 Month ~ 114.67 Day
Database 2000 records 80.33 (Last Close)
2010-04-14 05~00
2010-08-06 21~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

92.00|~1OO||__+___________________________________ ________|-0.07%|31.9%
91.00|~2OO||__x_+_________________________________ ________|1.02%|30.47%
90.00|~3OO||__x_o_+_______________________________ ________|2.11%|29.03%
89.00|~4OO||__x_o___+_____________________________ ________|3.2%|27.6%
88.00|~5OO||o_x_o_____+___________________________ ________|4.29%|26.16%
87.00|~6OO||o_x_o_______+_________________________ ________|5.37%|24.73%
86.00|~7OO||o_x_o_________+_______________________ ________|6.46%|23.3%
85.00|~8OO||o___o___________+_____________________ ________|7.55%|21.86%
84.00|~9OO||____o_x___________+___________________ ________|8.64%|20.43%
83.00|~1OOO|____o_x_o___________+_________________ ____+___|9.72%|19%
82.00|~11OO|____o_x_o_____________+_______________ ____x_+_|10.81%|17.56%
81.00|~12OO|____o_x_o_______________+_____________ ____x_o_|11.9%|16.13%
80.00|~13OO|____o___o_________________x___________ ____x_o_|12.99%|14.7%
79.00|~14OO|________o_________________x_o_x_______ ____x_o_|14.07%|13.26%
78.00|~15OO|________o_________________x_o_x_o_____ x___x___|15.16%|11.83%
77.00|~16OO|________o_____________x___x_o_x_o_x___ x_o_x___|16.25%|10.39%
76.00|~17OO|________o_____x___x___x_o_x_o___o_x_o_ x_o_x_+_|17.34%|8.96%
75.00|~18OO|________o_____x_o_x_o_x_o_x_____o_x_o_ x_o_+___|18.43%|7.53%
74.00|~19OO|________o_x___x_o_x_o_x_o_x_____o_x_o_ __+_____|19.51%|6.09%
73.00|~2OOO|________o_x_o_x_o___o_+_o_x_____o_x___ +_______|20.6%|4.66%
72.00|~21OO|________o_x_o_x_____+___o_______o_x_+_ ________|21.69%|3.23%
71.00|~22OO|________o___o_x___+_____________o_+___ ________|22.78%|1.79%
70.00|~23OO|____________o_x_+_______________+_____ ________|23.86%|0.36%
69.00|~24OO|____________o_+_______________________ ________|24.95%|-1.08%
||||||~25OO|____________+_________________________ ________|100%|-100%
Column||||||4_6_1_4_1_3_5_7_3_3_3_4_5_8_4_3_8_6_3_ 4_3_7_3_|
Count|||||||____1___3_____________________________ ________|


BJF Trading Group. Excel Chart. Full size.

[MDunleavy]

Dollar index has best week in nearly 2 years.
Aug 13 (Reuters) - The dollar on Friday marked its best week against a basket of major
currencies in nearly two years, as worries about the strength of the global economy fed short-
covering and safe-haven demand for the greenback.

The dollar index .DXY, which measures the greenback against six major currencies, rose 3.2
percent this week to 82.943. That was the biggest weekly gain since it rose nearly 5 percent in
the week ended Oct. 26, 2008.

Worries that a slower U.S. economy could cause headwinds for global growth led investors to
sell risky assets and buy dollars as a safe-haven play, traders said

The US Dollar Index rallied off support at 80. Penetration of the descending trendline
indicates that the down-trend is weakening.

"P&F _DXY10080 Box Size20X3 or(6.28%) HI/LO
Data 120.51 - 70.7 ~ 211 Month ~ 6405 Day
Database 916 records 82.92 (Last Close)
1993-01-24 00~00
2010-08-08 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

120.0|~2OO||__________________o_x_+_______________ ______|0.42%|69.73%
118.0|~4OO||____________x___x_o_x_o_+_____________ ______|2.08%|66.9%
116.0|~6OO||____________x_o_x_o_x_o___+___________ ______|3.74%|64.07%
114.0|~8OO||____________x_o_x_o_x_o_____+_________ ______|5.4%|61.24%
112.0|~1OOO|____________x_o_x_o___o_______+_______ ______|7.06%|58.42%
110.0|~12OO|____________x_o_______o_________+_____ ______|8.72%|55.59%
108.0|~14OO|____________x_________o___________+___ ______|10.38%|52.76%
106.0|~16OO|____________x_________o_____________+_ ______|12.04%|49.93%
104.0|~18OO|________x___x_________o_______________ +_____|13.7%|47.1%
102.0|~2OOO|____x___x_o_x_________o_______________ __+___|15.36%|44.27%
100.0|~22OO|____x_o_x_o_x_________o_______________ ____+_|17.02%|41.44%
98.00|~24OO|____x_o_x_o_________+_o_x_____________ ______|18.68%|38.61%
96.00|~26OO|x___x_o_x_________+___o_x_o___________ ______|20.34%|35.79%
94.00|~28OO|x_o_x_o_x_______+_____o_x_o___________ ______|22%|32.96%
92.00|~3OOO|x_o_x_o_______+_______o___o_x_________ ______|23.66%|30.13%
90.00|~32OO|x_o_x_______+_____________o_x_o_______ ______|25.32%|27.3%
88.00|~34OO|__o_x_____+_______________o_x_o_x___x_ __x___|26.98%|24.47%
86.00|~36OO|__o_x___+_________________o_x_o_x_o_x_ o_x_o_|28.64%|21.64%
84.00|~38OO|__o_x_+___________________o_x_o_x_o_x_ o_x_o_|30.3%|18.81%
82.00|~4OOO|__o_+_____________________o___o_x_o_x_ o_x_o_|31.96%|15.98%
80.00|~42OO|__+___________________________o_x_o_x_ o_x___|33.62%|13.15%
78.00|~44OO|______________________________o_x_o___ o_x_+_|35.28%|10.33%
76.00|~46OO|______________________________o_x___+_ o_+___|36.93%|7.5%
74.00|~48OO|______________________________o_x_+___ +_____|38.59%|4.67%
72.00|~5OOO|______________________________o_+_____ ______|40.25%|1.84%
70.00|~52OO|______________________________+_______ ______|41.91%|-0.99%
Column||||||4_7_1_5_6_3_1_4_4_5_4_1_3_8_5_1_8_5_5_ 6_6_3_|
Count|||||||____O_______O_________4_______O_______ ______|



BJF Trading Group. Excel Chart. Full size.

[MDunleavy]

Very risky trading idea : EUR/JPY - Buy at 109.20-80; Target: 114.00-60 ; Stop: 108.60.
===============================
EURJPY Outlook

The EURJPY slipped below 109.20 support area yesterday but whipsawed to the upside, topped at
110.42, closed at 110.17 and traded lower earlier today in Asian session around 109.90 at the
time I wrote this comment. Overall we are still in bearish outlook after violation to the
bullish channel but price still trapped in range area between 110.70 – 109.20. We need a
consistent move below 109.20 to continue the bearish pressure testing 108.07 – 107.30 area. On
the upside, break above 110.70 could be a serious threat to the bearish outlook.
(fxinstructor)

"P&F EURJPY30 Box Size 30X4 or(1.08%) HI/LO
Data 114.724 - 107.306 ~ 2 Month ~ 61.15 Day
Database 2054 records 109.712 (Last Close)
2010-06-18 04~00
2010-08-18 07~30 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"


BJF Trading Group. Excel Chart. Full size.

[MDunleavy]

The euro is testing the rising trendline; penetration would indicate that the recent rally has
weakened, and reversal below 1.2500 would indicate another test of primary support at 1.1900.
I remain bearish on EUR/USD.

"P&F EURUSD5 Box Size 25X3 or(0.58%) HI/LO
Data 1.3333 - 1.2663 ~ 1 Month ~ 23.49 Day
Database 5000 records 1.27105 (Last Close)
2010-07-28 11~15
2010-08-20 22~55 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

1.3325|~25|||______________+______________________ _____|0.06%|5.23%
1.3300|~5O|||______________x_o____________________ _____|0.25%|5.03%
1.3275|~75|||______________x_o_+__________________ _____|0.44%|4.83%
1.3250|~1OO||______x_______x_o___+________________ _____|0.62%|4.64%
1.3225|~125||______x_o_x___x_o_x___+______________ _____|0.81%|4.44%
1.3200|~15O||______x_o_x_o_x_o_x_o___+____________ _____|1%|4.24%
1.3175|~175||______x_o_x_o_x_o_x_o_____+__________ _____|1.19%|4.04%
1.3150|~2OO||______x_o_x_o___o_x_o_______+________ _____|1.37%|3.85%
1.3125|~225||______x_o_____+_o_x_o_________+______ _____|1.56%|3.65%
1.3100|~25O||__x___x_____+___o_x_o___________+____ _____|1.75%|3.45%
1.3075|~275||__x_o_x___+_____o___o_____________+__ _____|1.94%|3.25%
1.3050|~3OO||__x_o_x_+___________o_______________+ _____|2.12%|3.06%
1.3025|~325||o_x_o_x_____________o________________ _+___|2.31%|2.86%
1.3000|~35O||o_x_o_______________o________________ ___+_|2.5%|2.66%
1.2975|~375||o_+_________________o________________ _____|2.69%|2.46%
1.2950|~4OO||+___________________o________________ _____|2.87%|2.27%
1.2925|~425||____________________o_x______________ _____|3.06%|2.07%
1.2900|~45O||====================o=x=o=x===x===x== =x===|3.25%|1.87%
1.2875|~475||____________________o_x_o_x_o_x_o_x_o _x_o_|3.44%|1.67%
1.2850|~5OO||____________________o___o_x_o_x_o_x_o _x_o_|3.62%|1.48%
1.2825|~525||________________________o_x_o_x_o___o _x_o_|3.81%|1.28%
1.2800|~55O||________________________o___o_x_____o _x_o_|4%|1.08%
1.2775|~575||============================o=x=====o =+=o=|4.19%|0.88%
1.2750|~6OO||____________________________o_______+ ___o_|4.37%|0.69%
1.2725|~625||_____________________________________ ___o_|4.56%|0.49%
1.2700|~65O||_____________________________________ ___o_|4.75%|0.29%
1.2675|~675||_____________________________________ ___o_|4.94%|0.09%
1.2650|||||||_____________________________________ ___+_|5.12%|-0.1%
Column|||||||3_5_4_1_5_4_3_6_1_6_1_3_5_4_6_6_3_3_5 _5_9_|
Count||||||||______O_________O___5________________ _____|

BJF Trading Group. Excel Chart. Full size.

[MDunleavy]

The Yen opened the last week, on a weak note following an emergency meeting of the Bank of Japan, that announced more liquidity measures. Also the government said that it was planning more stimulus for the economy. A few hours after the Yen not only recovered lost ground but was testing 15-year lows.
Despite improvement in market sentiment and rising government bond yields as the week went by, the USD/JPY did not rise and moved in ranges below 84.60
On Friday, after the NFP report, the pair jumped to 85.20 but reversed sharply and pulled back to 84.20 to finish the week below 84.50.
The dollar broke through primary support at 85.00 and is headed for a test of support at the 1995 low of 80.00 The Bank of Japan threatens to intervene to prevent further appreciation, but there are doubts about the political will to do so. Recovery above 88.00 is unlikely at this stage, but would warn that the down-trend is weakening.
I believe that we can consider the possibility of opening long positions. Details on the chart.

"P&F USDJPY1 Box Size 10X3 or(0.35%) HI/LO
Data 85.894 - 83.666 ~ 0.31 Month ~ 9.02 Day
Database 12000 records 84.297 (Last Close)
2010-08-25 22~24
2010-09-03 22~59 (GMT+01:00) Paris
BJF Trading Group chart"

85.90|~1O|||______+_______________________|-0.01%|2.67%
85.80|~2O|||______x_o_____________________|0.11%|2 .55%
85.70|~3O|||______x_o_+___________________|0.23%|2 .43%
85.60|~4O|||______x_o___+_________________|0.34%|2 .31%
85.50|~5O|||______x_o_____+_______________|0.46%|2 .19%
85.40|~6O|||______x_o_______+_____________|0.58%|2 .07%
85.30|~7O|||______x_o_________+_______+___|0.69%|1 .95%
85.20|~8O|||______x_o___________+_____x_+_|0.81%|1 .83%
85.10|~9O|||______x_o_____________+___x_o_|0.92%|1 .71%
85.00|~1OO||__x___x_o_______________+_x_o_|1.04%|1 .59%
84.90|~11O||__x_o_x_o_________________x_o_|1.16%|1 .47%
84.80|~12O||o_x_o_x_o_________________x_o_|1.27%|1 .36%
84.70|~13O||o_x_o_x_o_________________x_o_|1.39%|1 .24%
84.60|~14O||o_x_o_x_o_____________x___x_o_|1.51%|1 .12%
84.50|~15O||o_x_o___o_x___x___x___x_o_x_o_|1.62%|1 %
84.40|~16O||o_x_____o_x_o_x_o_x_o_x_o_x_o_|1.74%|0 .88%
84.30|~17O||o_______o_x_o_x_o_x_o_x_o_x_o_|1.86%|0 .76%
84.20|~18O||________o_x_o___o_x_o_x_o_x___|1.97%|0 .64%
84.10|~19O||________o_______o_x_o_x_o_x___|2.09%|0 .52%
84.00|~2OO||________________o_x_o_x_o___+_|2.21%|0 .4%
83.90|~21O||________________o___o_x___+___|2.32%|0 .28%
83.80|~22O||____________________o_x_+_____|2.44%|0 .16%
83.70|~23O||____________________o_+_______|2.55%|0 .04%
83.60|~24O||____________________+_________|2.67%|-0.08%
Column||||||6_7_5_1_1_4_3_3_6_6_8_9_6_1_9_|
Count|||||||______3_8_________________2___|


BJF Trading Group. Excel Chart. Full size attached.

[MDunleavy]

The Aussie dollar is advancing to test resistance at 0.9350.
Reversal below 0.88 would signal another test of primary support at 0.81.
Break out above strong resistance at 0.9350 appears less likely, but would offer a target of parity if confirmed.
Technically, the AUD USD is in an uptrend after crossing the last swing top at 0.9221 on Thursday.
The pace of the current rally may begin to slow down as this market approaches a series of tops at 0.9323, 0.9337, 0.9364 and 0.9387.
The big number to overtake will be the November 2009 top at .9405.
Hence, even in case of another rise, I'd expect strong resistance near to 0.9404 to limit upside and bring another fall to continue the consolidation.
However, decisive break of 0.9404 will invalidate this view and target 0.9849 high.

"P&F AUDUSD1 Box Size 10X3 or(0.33%) CLOSE
Data 0.9275 - 0.9092 ~ 0.16 Month ~ 4.83 Day
Database 6862 records 0.92631 (Last Close)
2010-09-06 03~04
2010-09-10 22~59 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

0.9280|~1O|||____________________________+________ _|-0.05%|2.07%
0.9270|~2O|||____________________________x_+_____+ _|0.05%|1.96%
0.9260|~3O|||____________________________x_o_x___x _|0.16%|1.85%
0.9250|~4O|||____________________________x_o_x_o_x _|0.27%|1.74%
0.9240|~5O|||____________________________x_o_x_o_x _|0.38%|1.63%
0.9230|~6O|||________________________x___x_o_x_o__ _|0.49%|1.52%
0.9220|~7O|||________________________x_o_x_o_x____ _|0.59%|1.41%
0.9210|~8O|||________________________x_o_x_o_x____ _|0.7%|1.3%
0.9200|~9O|||________________________x_o___o______ _|0.81%|1.19%
0.9190|~1OO||+___________________x___x___________+ _|0.92%|1.08%
0.9180|~11O||x_+_________________x_o_x_________+__ _|1.02%|0.97%
0.9170|~12O||x_o_+_______________x_o_x_______+____ _|1.13%|0.86%
0.9160|~13O||x_o_x_+_________x___x_o_______+______ _|1.24%|0.75%
0.9150|~14O||x_o_x_o_+_______x_o_x_______+________ _|1.35%|0.64%
0.9140|~15O||__o_x_o_x_+_x___x_o_x_____+__________ _|1.46%|0.53%
0.9130|~16O||__o___o_x_o_x_o_x_o_____+____________ _|1.56%|0.42%
0.9120|~17O||______o_x_o_x_o_x_____+______________ _|1.67%|0.31%
0.9110|~18O||______o_x_o___o_x___+________________ _|1.78%|0.2%
0.9100|~19O||______o_x_____o_x_+__________________ _|1.89%|0.09%
0.9090|~2OO||______o_______o_+____________________ _|1.99%|-0.02%
Column|||||||4_5_3_7_5_3_3_5_7_3_6_3_7_3_7_7_6_3_3 _|
Count||||||||_____________________________________ _|


BJF Trading Group. Excel Chart. Full size.

[MDunleavy]

Trade Idea: AUD/JPY - Sell Stop at 80.00\80.50; Target: 77.00 ; Stop: 81.00\81.50.
=================
We compare the AUD / JPY in a minus? This week was a bit extreme if you ask me. The night after the mega peak (that all the planet participated in), he began a fairly strong recoil.
=================
"P&F AUDJPY5 Box Size 150X3 or(0.57%) CLOSE
Data 81.257 - 77.3 ~ 0.38 Month ~ 11.06 Day
Database 2010 records 80.883 (Last Close)
2010-09-09 13~50
2010-09-20 15~15 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

81.30|~15|||______________________________________ ________+_____|-0.05%|5.17%
81.15|~3O|||______________________________________ ________x_+___|0.13%|4.98%
81.00|~45|||______________________________________ ________x_o_x_|0.32%|4.79%
80.85|~6O|||______________________________________ ________x_o_x_|0.5%|4.59%
80.70|~75|||______________________________________ ________x_o_x_|0.69%|4.4%
80.55|~9O|||______________________________________ x_______x_o_x_|0.87%|4.2%
80.40|~1O5||______________________________________ x_o_x___x_o_x_|1.05%|4.01%
80.25|~12O||______________________________________ x_o_x_o_x_o___|1.24%|3.82%
80.10|~135||__________________________________x___ x_o_x_o_x_____|1.42%|3.62%
79.95|~15O||__________________________________x_o_ x_o_x_o_______|1.61%|3.43%
79.80|~165||__________________________________x_o_ x_o_x_________|1.79%|3.23%
79.65|~18O||__________________________________x_o_ x_o_x_________|1.98%|3.04%
79.50|~195||__________________________________x_o_ __o___________|2.16%|2.85%
79.35|~21O||__________________________________x___ ______________|2.35%|2.65%
79.20|~225||__________________________________x___ ____________+_|2.53%|2.46%
79.05|~24O||__________________________________x___ __________+___|2.72%|2.26%
78.90|~255||__________________________________x___ ________+_____|2.9%|2.07%
78.75|~27O||__________________________________x___ ______+_______|3.09%|1.88%
78.60|~285||__________________________________x___ ____+_________|3.27%|1.68%
78.45|~3OO||__________x___x___________x_______x___ __+___________|3.45%|1.49%
78.30|~315||__________x_o_x_o_x_______x_o_x___x___ +_____________|3.64%|1.29%
78.15|~33O||__________x_o_x_o_x_o_____x_o_x_o_x_+_ ______________|3.82%|1.1%
78.00|~345||__________x_o___o_x_o_x___x_o_x_o_x___ ______________|4.01%|0.91%
77.85|~36O||__________x_____o_+_o_x_o_x_o___o_____ ______________|4.19%|0.71%
77.70|~375||__x___x___x_____+___o_x_o_x___+_______ ______________|4.38%|0.52%
77.55|~39O||__x_o_x_o_x___+_____o___o_x_+_________ ______________|4.56%|0.32%
77.40|~4O5||o_x_o_x_o_x_+___________o_+___________ ______________|4.75%|0.13%
77.25|~42O||o___o___o_+_____________+_____________ ______________|4.93%|-0.06%
Column||||||2_3_3_3_3_8_3_3_4_3_5_3_4_7_4_3_3_1_4_ 7_7_6_3_8_6_5_|
Count|||||||__________________________________5___ ______________|



BJF Trading Group. Excel Chart. Full size.

[MDunleavy]

Trade Idea: Nad/Usd - Buy Limit at ~0.72.00; Target: ~0.76.00 ; Stop: ~0.7120.
=============
I am neutral on NZD/USD, but wait for upward movement.
The weak fundamentals of New Zealand are offset by the general greenback sell off. This trend is likely to continue in the upcoming week, with more range trading expected.

"P&F NZDUSD5 Box Size 10X3 or(0.41%) HI/LO
Data 0.7415 - 0.7214 ~ 0.38 Month ~ 11.06 Day
Database 2010 records 0.73369 (Last Close)
2010-09-16 06~15
2010-09-27 07~45 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"

0.7420|~1O|||________________________________+____ _________|-0.07%|2.86%
0.7410|~2O|||________________________________x_+__ _________|0.07%|2.72%
0.7400|~3O|||____________________________x___x_o_+ _________|0.2%|2.58%
0.7390|~4O|||____________________________x_o_x_o_x _+_______|0.34%|2.44%
0.7380|~5O|||________________________x___x_o_x_o_x _o_+_____|0.47%|2.3%
0.7370|~6O|||________________________x_o_x_o___o_x _o___+___|0.61%|2.16%
0.7360|~7O|||________________________x_o_x_____o_x _o_____x_|0.74%|2.02%
0.7350|~8O|||____________________x___x_o_______o__ _o_____x_|0.88%|1.89%
0.7340|~9O|||____________________x_o_x___________+ _o_____x_|1.01%|1.75%
0.7330|~1OO||________x___________x_o_x_________+__ _o_x___x_|1.15%|1.61%
0.7320|~11O||________x_o_________x_o_________+____ _o_x_o_x_|1.28%|1.47%
0.7310|~12O||________x_o_____x___x_________+______ _o_x_o_x_|1.42%|1.33%
0.7300|~13O||________x_o_x___x_o_x_______+________ _o_x_o_x_|1.55%|1.19%
0.7290|~14O||________x_o_x_o_x_o_x_____+__________ _o_x_o_x_|1.69%|1.05%
0.7280|~15O||________x_o_x_o_x_o_x___+____________ _o_x_o___|1.82%|0.91%
0.7270|~16O||x_______x_o_x_o___o_x_+______________ _o_+_____|1.96%|0.78%
0.7260|~17O||x_o_____x_o_x___+_o_+________________ _+_______|2.09%|0.64%
0.7250|~18O||x_o_x___x_o___+___+__________________ _________|2.23%|0.5%
0.7240|~19O||x_o_x_o_x___+________________________ _________|2.36%|0.36%
0.7230|~2OO||__o_x_o_x_+__________________________ _________|2.49%|0.22%
0.7220|~21O||__o___o_+____________________________ _________|2.63%|0.08%
0.7210|~22O||______+______________________________ _________|2.76%|-0.06%
Column|||||||4_5_3_3_1_8_5_3_4_5_9_3_6_3_5_3_4_6_4 _1_6_5_8_|
Count||||||||________1____________________________ _2_______|



BJF Trading Group. Excel Chart. Full size.