Words from my friend

Better to lack courage and preserve capital than to be courageous and lose everything.

Sweetpea, sweetest trader in Singapore

EURUSD Daily

28/09/2006 update

GBPUSD Range shift

Cable shifted its range to 8777<->82xx from 91xx<->877x

(straight red lines do not show future price pattern)


This scenario became wrong

EURUSD Monthly

My model show long term trend started in May 2002 when euro was at 0.9. Clear breakdown started in May 2005 with breaking of 2730. Then it met a major support at 1650 and bounced back to 2980 in May 2006, where major resistance comes. Now it is pointing to 2370 and 2100 as majors supports. On a breach of lower barrier targets a fall towards 1.06.
Monthly model is most clear to be right now and very coincides with long term USDCHF chart.

Funny magic of 555 months comes here.

USDCHF

Daily chart starting to take off above white model line.

Targets towards 2700 and probably above

AUDUSD

AUDUSD heading to its major support at 7540.

You fell?

"Our greatest glory is not in never falling but in rising everytime 
we fall"

Confucius