Weekly Update for the Last Week of March 2012

Hello friends

I hope you have had a good week, it was a pretty quite week… a week of ups and downs. The market did a lot of ZigZaging this week no real moves.

But like I have said don’t be upset that we were not in the market, sometimes it is better to be out of the market than to be frustrated and in the market.

So let’s recap at what we have had this we and where we stand

Monday:
Monday was one of those days that your trade plans go for without a bump in the road.
We look at the following
AUDUSD and NZDUSD: We had possible Bullish and Bearish moves. We got the Bullish move on both; which was a break to the upside out of the flag and both targets were reached quickly.
EURCAD and GBPCAD: We talk about both having possible Hidden Divergence within the price channel on the H4 charts, both did the move.
USDJPY: We talked about selling from intraday highs which also made the move.
Monday was a good day for us.

Tuesday:
AUDUSD: we talked about a break below the support line around 1.04817 with the cross of the RSI indicator – price broke the line and we were in and we made our profits
NZDUSD: same story as the AUDUSD a break below the support line around .8205 and a cross of the RSI indicator – nothing happened
EURCAD and GBPCAD: We wanted to see a break below the trend line on both with the RSI indicator crossing down – but nothing happened
EURGBP: We talked about a possible triangle and two scenarios either a break up or down and it looks like we got the break down – but price retrace right back up and
Gold: we talk about price reaching 1700 -1710 to start our attack – but price started the retrace before we could get a chance to attack.

Wednesday:
We offered up the AUDNZD investor style: we cancelled that today and waiting for candle price action
AUDCHF: we offered investor style to attack around .9265 – .9340

Thursday:
EURAUD: We started our attack investor style
GBPAUD: We stated our attack investor style

And that was pretty much it for our week friends,

So we still follow EURCAD and GBPCAD AUDCHF and AUDNZD

Stay tuned for next week

Have a great weekend

Vladimir