Weekly Analysis- Jan10, 2010

Weekly Analysis- Jan10, 2010

Ok this week should see some big moves in both directions. The USD will depreciate and then should appreciate against the basket of currencies as the week progresses. The reversals will catch a lot oftraders off guard and there will be a lot of stops hit. The big movers will be the EUR/USD, USD/YEN and the USD/CAN. Keep and eye on the AUD/USD and the AUD/CAN for a move down to better levels. The carry trade in the Aussie will eventually unwind folks so this currency when risk aversion becomes main stream again will fall hard and fast. It is almost at the level now so lets watch these currencies for positioning. Totrade my calls please use 1% margin of your accoutn per trade. If you have a $5,000.00 account then you need to use $50.00 per trade ok. It is easy and that way you don't worry about stops or profits in the short term . Why? The market can't hurt you. Stay tuend this week folks.http://www.actionforex.com/action-insight/market-overview/weekly-review-and-outlook%3a-commodity-currencies-soared-in-new-year,-dollar-consolidations-continued-20100109104144/
Have aread here folks at this link as they do as good a job as any with technical and fundamental analysis. There is so much good new out there righ tnow you can clound you judgement. That is why I recommned you follow me and no one else. I will only tell you what you need to know.