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Hot-Chart Archives (2009)

Displaying Hot-Charts posted in 2009

Euro's Third Down Leg

Dec 11, 2009 0:10 | by Ashraf Laidi | 198 Comments
The current leg down in EURUSD has exceeded each of its previous 2 down cycles in magnitude (22 Sep-Oct 2nd & Oct 26-Nov 2nd) and is at risk of extending losses towards an preliminary target of...
Aussie Dressed up but where to Go?

Dec 2, 2009 21:33 | by Ashraf Laidi | 475 Comments
It may be unwise to think against the Aussie after the RBA raised rates for the 3rd time this year, signalling more tightening next year, BUT we cannot help notice the AUDUSD daily and 4-hr...
EURGBP & EURNZD

Nov 11, 2009 16:58 | by Ashraf Laidi | 36 Comments
EURGBP rallies on the best of both worlds, propped by broad USD weakness (always a EUR-positive) and dovish comments from the Bank of England. But as USD stabilizes, EUR retreat vs.
Bullish US Long Yields

Nov 3, 2009 16:43 | by Ashraf Laidi | 8 Comments
Yields on the US Treasury note show a major bullish formation, based on technicals and fundamental drivers, suggesting 4.0% could emerge before year-end.
Bovespa, Sensex & Cable

Oct 23, 2009 12:59 | by Ashraf Laidi | 3 Comments
Sterlings failure to breach above the $1.6730 right shoulder in the H&S formation following the unexpected decline in Q3 GDP should help call up $1.63 and $1.6210.
EURCAD Downtrend Intact

Oct 12, 2009 14:39 | by Ashraf Laidi | 13 Comments
EURUSD strength remains shadowed by EUR weakness against the likes of CAD and AUD.
AUDJPY Clarifies the Hint

Oct 5, 2009 17:10 | by Ashraf Laidi | 77 Comments
The recurring failure of AUDJPY to regain 80 since mid August reflects mostly yen strength and speculators relative comfort to maintain the AUDJPY carry trade rather than AUDJPY.
CADJPY Downtrend Intact

Sep 10, 2009 10:56 | by Ashraf Laidi | 26 Comments
CADJPY continues to show a generally predictable downtrend despite the noise from occasional waves of risk appetite.
NZD's Overshoot vs GBP?

Aug 24, 2009 15:09 | by Ashraf Laidi | 49 Comments
NZDGBP (using the NZDGBP exchange rate instead of the more conventionally expressed GBPNZD due to charting issues with the latter) has proven to be highly correlated with risk appetite,...
USDJPY Cyclical Peaks

Aug 14, 2009 10:23 | by Ashraf Laidi | 203 Comments
Last month we looked at cyclical lows in USDPY and how they helped us predict the 91.75 low. Today, we examine the cyclical peaks in the pair.
Loonie Tips Over

Aug 7, 2009 18:39 | by Ashraf Laidi
This week's array of CAD-negative dynamics (Canadian verbal intervention against excessive strengthening unexpectedly negative Canadian jobs figures and struggling emerging market equities),...
USDJPY Channel Intact

Jul 20, 2009 11:24 | by Ashraf Laidi | 42 Comments
Theres no change in the declining trend of USDJPY despite the recent 300-pip rebound from its 91.70 low.
From GreenShoots to Head&Shoulders

Jul 14, 2009 17:18 | by Ashraf Laidi | 19 Comments
As the buzzword shifts from Greenshoots to Head & Shoulders, lets take a look at that H&S formation in the S&P500.
NZDUSD Eyes Sub-0.63

Jul 2, 2009 13:15 | by Ashraf Laidi | 108 Comments
Further downside room for NZDUSD remains despite 200-pt loss over past 3 days.
USDJPY 4-week Cycles

Jun 24, 2009 14:06 | by Ashraf Laidi | 182 Comments
USDJPYs 4-week cyclicals suggest renewed downside into month and quarter end amid medium-term USD weakness associated with Fed asset purchases and the defensive risk climate suggested by...
GBPCHF is Done

Jun 18, 2009 11:28 | by Ashraf Laidi | 17 Comments
Today's +300-pip decline in GBPCHF is considered to be the beginning of a gradual downtrend towards the bottom of the 7-month rising channel.
CADJPY's Next Target

Jun 15, 2009 12:47 | by Ashraf Laidi | 98 Comments
A host of JPY cross pairs could see extended selling ahead of what could be 3-5% retreat in equities this week.
June Seasonals in Equities

Jun 9, 2009 16:33 | by Ashraf Laidi | 19 Comments
June has proven a losing month for equities along with September.
Euro's Channel

Jun 3, 2009 12:51 | by Ashraf Laidi | 33 Comments
Euro's 9-week uptrend remains intact in a rising channel. whose $1.4340 resistance proved to have held up for now.
EURCHF Tests the Upside

May 27, 2009 9:44 | by Ashraf Laidi | 11 Comments
EURCHF looks to break out of a 8-month trend line resistance which was dictated by the francs safe haven flows, the deleveraging out of the euro as well as the Eastern European-driven banking...
EURJPY Headed Lower

May 21, 2009 16:22 | by Ashraf Laidi | 28 Comments
EURJPY daily performance can be summarized as the inability to break a gradually declining trend, especially highlighted by the lower highs since April.
Oil & Yen pairs

May 18, 2009 16:58 | by Ashraf Laidi | 24 Comments
Oil's prior rally largely coincided with the recent gains in equities and a resulting sell-off in the yen.
On the FAZ & the SKF

May 13, 2009 20:13 | by Ashraf Laidi | 15 Comments
FAZ and SKF are both Exchange-Traded Funds in the US aimed at exploiting the opportunities from falling bank and financial shares.
Battle of High Yielders

May 6, 2009 14:11 | by Ashraf Laidi | 54 Comments
The high yielding Aussie may be outperforming all currencies but not against the next highest yielderthe NZD.
EURJPY's Resistance

May 5, 2009 11:55 | by Ashraf Laidi | 4 Comments
EURJPYs ascent to 3-week highs looks increasingly unsustainable from a momentum stand point, with oscillators showing a bearish divergence from the advancing price action.
USDCAD CADJPY S&P500

May 1, 2009 14:12 | by Ashraf Laidi | 14 Comments
The remarkable strengthening in the positive correlation between the Canadian dollar and equities shows no retreat.
NZDJPY Eyes 50

Apr 29, 2009 15:38 | by Ashraf Laidi | 29 Comments
Consolidation in JPY crosses emerges after the short-lived slide from mid April, but the uncertain outlook for global equities emerging from stress tests and onset of further govt...
EURAUD Looking Up

Apr 27, 2009 10:33 | by Ashraf Laidi | 11 Comments
While both the Aussie and euro have shown to come under pressure against USD and JPY during risk aversion, it is the Aussie that underperforms relative to the euro during these times of falling...
USDCAD vs S&P500

Apr 23, 2009 14:11 | by Ashraf Laidi | 12 Comments
The increasingly negative correlation between USDCAD and S&P500 reflects the increasingly positive correlation between the Canadian dollar and equities, as the current represents risk appetite...
FTSE Fears UK Budget

Apr 21, 2009 13:51 | by Ashraf Laidi | 10 Comments
FTSE-100 outlook looks increasingly shaky as the index is dragged by broadening UK concerns (tomorrows budget, unemployment, GDP and retail sales).
More CADJPY Losses

Apr 20, 2009 11:25 | by Ashraf Laidi | 7 Comments
Recent losses in CAD are likely to intensify against the Japanese currency as global risk appetite is expected to come under broad pressure after a positive 2 weeks.
Euro Nears the Support

Apr 15, 2009 13:28 | by Ashraf Laidi | 6 Comments
Euro's retreat will likely intensify now that the ECB has officially announced it will unveil a package of non-conventional monetary policy measures in May, i.e.
NZDJPY Turnaround?

Apr 13, 2009 14:56 | by Ashraf Laidi | 3 Comments
NZDJPY shows signs of ending its 9-week rally as it fails to close above the 59 figure, which is the 38% retracement of the decline from the high of May 2008 to the low of Jan 2009.
EURCHF Still has Legs

Apr 9, 2009 13:43 | by Ashraf Laidi | 9 Comments
EURCHF rally has more legs as the franc-selling intervention is reminded by the SNB and the Euro licks wounds from another credit downgrade (Ireland).
Gold's Downside Break

Apr 6, 2009 12:16 | by Ashraf Laidi | 11 Comments
Golds break below 880 support (38% retracement of the rise from the Oct lows) has been partly brought about by the broadening of the equity market bouncesector rotation beyond health care and...
100 $/Yen is no Big Deal

Apr 3, 2009 12:10 | by Ashraf Laidi | 4 Comments
USDJPY breaks above 100 for 1st time since Nov 4 after yesterday's important break of the 200-day MA for the first time since October.
GBPAUD Testing the Bottom

Apr 2, 2009 11:41 | by Ashraf Laidi | 11 Comments
Aussie has long been a favourite on this website and its performance speaks for itself.
More AUDJPY gains?

Mar 31, 2009 12:28 | by Ashraf Laidi | 1 Comment
Aussie's broad recovery includes a +200 pip gain against JPY. But does this warrant prolonged gains beyond 69.00.
USDCAD Eyes 1.2660s

Mar 30, 2009 11:55 | by Ashraf Laidi | 5 Comments
CAD hastily drops across the board at the first sign of trouble in risk appetite as the broadening sell-off in equities boosts USDCAD past the $1.25.
EURUSD and Oil

Mar 26, 2009 13:17 | by Ashraf Laidi | 3 Comments
While the positive correlation between EURUSD and oil is well documented the time lag between the two merits scrutiny as it has turned consistent in favour of the euro over the past 16 months.
S&P500 Seasonality

Mar 25, 2009 9:31 | by Ashraf Laidi
The month of April proved relatively generous for the S&P500 (and global stick indices in general), which supports my thesis for prolonged improvement in risk appetite into the better part of...
Copper's $4,000 Break

Mar 23, 2009 12:14 | by Ashraf Laidi | 5 Comments
Copper's 44% rally from Decembers 4-year lows is worthy of notice due to i) the break of the January rising channel (ii) its high correlation with the Aussie and iii) the possible implications...
Oil Targeting $55.00

Mar 19, 2009 14:37 | by Ashraf Laidi | 9 Comments
Oils break above its 100-day MA for the first time since August has further upside to garner as the momentum traders will be prompted by ample territory towards the $55.00-20 target.
EURUSD Heading to $1.33

Mar 18, 2009 13:10 | by Ashraf Laidi | 13 Comments
EURUSD breaks above the $1.3055 shattering $1.31 to $1.3143, making the $1.33 target a closer reality as early as end of week.
EURCAD

Mar 17, 2009 13:54 | by Ashraf Laidi | 3 Comments
EURCAD at 2-month highs testing the 50% retracement of the decline from the 1.7511 high to the 1.5640 low, risking to peak out.
About that USDKNOK Trade

Mar 16, 2009 13:19 | by Ashraf Laidi | 5 Comments
USDNOK is down 8% from its 7.28 high of March 3.
Aussie & Cable Upside

Mar 13, 2009 13:38 | by Ashraf Laidi | 4 Comments
AUDUSD & Cable set up for prolonged gains as US stock futures push to the upside.
Top in Dollar Index?

Mar 12, 2009 13:21 | by Ashraf Laidi | 5 Comments
Emerging signs of a top in the dollar index as the currency falters against EUR, AUD, NOK, NZD and even JPY.
JPY's Changing Face?

Mar 11, 2009 12:57 | by Ashraf Laidi
Yen may have lost some of its safe haven luster but it also has shown unusual resilience against USD during risk-seeking climate.
Revisiting Aussie Upside

Mar 10, 2009 12:34 | by Ashraf Laidi
Aussie appears at the cusp of exploiting broad gains amid a modest advances in risk appetite as the currency is characterised with superior structural foundation and yield foundation.
How Low Cable

Mar 9, 2009 12:34 | by Ashraf Laidi | 5 Comments
Cable's sell off ensues on the negative news flow from UK banks (latest round of govt nationalization dubbed as insurance and flurry of realized/unrealized banking losses).
Gold Eyeing $1.050

Mar 6, 2009 11:48 | by Ashraf Laidi | 5 Comments
Golds recovers to $939 confirming my Monday call about the validity of the 4-month uptrend, especially that each of the last four declines was limited to 10% (Nov -10.3%, Nov-Dec -10.0%,...
GBJPY Probes Highs

Mar 5, 2009 12:59 | by Ashraf Laidi
The recent break in the positive correlation between GBPJPY and equities has given away to a 12% gain in the cross pair, allowing it to close above the 100-day MA for the first time since...
AUDCHF's Fundamental Bounce

Mar 3, 2009 13:20 | by Ashraf Laidi
AUDCHFs sharp spike reflects the overwhelming shift towards higher yielding currencies away from lower yielders such as the CHF on a combination of the relative stabilization in global risk...
EURGBP Bullish Turn

Mar 2, 2009 13:30 | by Ashraf Laidi | 1 Comment
EURGBP rebound shows signs of deeper recovery as pair ends 2-day losing streak amid selling in GBP following the 70% decline in HSBCs 2008 net income.
Revisiting USDNOK

Feb 26, 2009 16:03 | by Ashraf Laidi | 2 Comments
In revisiting the NOK trade, we see a confirmation of the persistent consolidation in the USDNOK pair, albeit, at a narrowing range with a 7.00 trend line resistance and 6.75 support.
Gold Looks for $990s

Feb 25, 2009 15:45 | by Ashraf Laidi
Today's $25 spike in gold manifests renewed buying after last week's profit-taking at the $1,006 high.
USDCAD Approaches Wedge

Feb 24, 2009 15:09 | by Ashraf Laidi | 1 Comment
USDCAD has increasingly shown its negative. correlation with equities as the Canadian dollar currency is positively related with the risk appetite.
EURCHF Improved Prospects

Feb 19, 2009 13:16 | by Ashraf Laidi
Swiss franc intensifies losses after the Swiss Govt's support of UBS announcement to release the names of US clients suspected of tax fraud.
Multi Year Equity Cycles

Feb 18, 2009 14:30 | by Ashraf Laidi | 1 Comment
With both the Dow and S&P500 nearing their Nov lows, a breach of those levels is increasingly imminent.
AUDCAD Looking Up Again

Feb 16, 2009 13:42 | by Ashraf Laidi | 4 Comments
AUDCAD seen pushing higher after the latest negative CAD figures, this time was the biggest decline in manufacturing orders and prolonged foreign selling of Canadian securities.
Cable's Moving Averages

Feb 13, 2009 12:51 | by Ashraf Laidi
GBPUSD up 3.5 cents after 3-daily declines but fades at $1.46 which is below the 50-day MA of $1.4630.
EURGBP How High?

Feb 12, 2009 12:30 | by Ashraf Laidi | 2 Comments
EURGBP enters 4th consecutive daily gain supported by a bullish moving average cross-over as the 5-day MA regains the 10-day MA on its way to cross above 15-day MA, nearing interim pressure at...
USDNOK Position Trade

Feb 11, 2009 13:54 | by Ashraf Laidi | 3 Comments
NOK remains boosted across the board faring best performing currency since NY Tues close and second best performer over past 5 days after NZD.
EURUSD

Feb 10, 2009 12:01 | by Ashraf Laidi | 2 Comments
EURUSD consolidation is set to break out in medium term as ECB seeks to avoid telegraphing rate cuts beyond March. A breach of $1.3030 resistance in medium term is looming.
GBPNOK

Feb 9, 2009 13:01 | by Ashraf Laidi
Norwegian krone broadens strength after central bank's. hint at nearing bottom in interest rates.
Why CADCHF ?

Feb 6, 2009 12:31 | by Ashraf Laidi
CADCHF downside seen as the preferred bearish strategy. after Canada's record 129K decline in jobs and rise in unemp rate to 7.2% from 6.6% knocks CAD across the board.
GBPUSD & AUDCHF Looking Up

Feb 5, 2009 12:15 | by Ashraf Laidi | 3 Comments
Both GBP and AUD are favored at tthe expense of. the USD and CHF respectively as renewed attempts at risk-seeking plays are expected.
EURUSD & US 10-yr Yields

Feb 4, 2009 12:32 | by Ashraf Laidi | 4 Comments
Thw rally in long US yields could trigger further EUR pullbacks.
Cable Sticks to Pattern

Feb 3, 2009 9:09 | by Ashraf Laidi
Since Nov, GBPUSD posted 5 advancing periods lasting 5-7 days and each. in the magnitude between 5 and 8%.
EUR Weekly Wedge

Feb 2, 2009 14:09 | by Ashraf Laidi
EURUSD remains supported at $1.2660 TL, which is bottom of wedge from mid December. A breach below faces multiple support points ($1.2480, 1.2390 and 1.23).
GOLD vs JPY

Jan 30, 2009 17:09 | by Ashraf Laidi
What is GOLD vs JPY telling us. Being at only 3 mth highs, Jpns investors see ample room for gains, which is will likely drive it against USD towards $950.
Topping GBPNZD

Jan 29, 2009 14:18 | by Ashraf Laidi
Kiwi is the biggest loser after yesterday's bigger than expected 150-bp rate cut from RBNZ but upside looms against GBP.

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