2011 10-05 migbank-daily technical-analysis-report
TRANSCRIPT
WINNER BEST SPECIALIST RESEARCH
S-TERM MULTI-DAY
L-TERM MULTI-WEEK
STRATEGY/ POSITION
ENTRY LEVEL
OBJECTIVES/COMMENTS STOP
EUR/USD Exited at 1.3270
GBP/USD LONG 3 1.5420 1.5520/1.5869/1.6200 (Entered 04/10/2011) 1.5320
USD/JPY LONG 3 77.20 80.20/81.50/83.30 (Entered 25/08/2011) 75.90
USD/CHF LONG 2 0.8905 0.9340/0.9600 (Entered 21/09/2011) 0.8905
USD/CAD LONG 3 1.0390 1.0670/1.0880/1.1130 (Entered 30/09/2011) 1.0210
AUD/USD SHORT 2 0.9705 0.9220/0.8770 (Entered 03/10/2011) 0.9705
GBP/JPY Possibly looking to sell higher.
EUR/JPY SHORT 3 102.00 101.00/98.00/95.00 (Entered 04/10/2011) 103.00
EUR/GBP Biased towards shorts.
EUR/CHF Buy limit 3 1.2080 1.2270/1.2370/1.2570 1.1980
GOLD SHORT 1 1805 1300 (Entered 12/09/2011) 1704
SILVER SHORT 3 29.1000 26.0700/21.5200/19.5000 32.5200
Notes: Entries are in 3 units and objectives are at 3 separate levels where 1 unit will be exited. When the first objective (PT 1) has been hit the stop will be moved to the entry point for a near risk-free trade. When the second objective (PT 2) has been hit the stop will be moved to PT 1 locking in more profit. All orders are valid until the next report is published, or a trading strategy alert is sent between reports.
SPECIAL REPORT : EUR/USD ˝A Fall From Grace˝ ? Decline Targets 1.3770/1.3410.
S-T TREND L-T TREND STRATEGY
+
-
US$ INDEX (4 YEARS)
DEMARK™ BUY SIGNAL
+27% +19%
TRIGGER (15000)
COT LIQUIDITY
9 KEY SUPPORT
(73.50-73.00)
13
US DOLLAR INDEX (Daily – 2 years)
200-DMA (76.00)
DEMARK™ BUY SIGNALS
BREAKOUT TARGETS
80.00
IMPULSIVE (WAVE 3) DECLINE TARGETS
1.3000 & 1.2870
TREND 2 YEARS (1.3960)
200-DMA (1.4054)
EUR/USD (Daily)
BIG LEVEL (1.4000)
BERMUDA TRIANGLE
FAILED
BREAKOUTS
S-T TREND L-T TREND STRATEGY
™
/
™
S-T TREND L-T TREND STRATEGY
WAVE 5
83.30
USD/JPY (Daily 1 YEAR)
QUAKE SHOCK!
POST INTERVENTION RETRACEMENT (PIR I)
POST G7
MOVE HIGH
82.00
PIR II
80.24
POST BOJ
MOVE HIGH
DEMARK™ BUY SIGNAL AFTER NEW POST WWII LOW (75.95)
MONTHLY DEMARK BUY SIGNAL
USD/JPY Weekly (2007 – 2011)
ENDING DIAGONAL
PATTERN BREAKOUT
TARGET (88-85)
S-T TREND L-T TREND STRATEGY
USD/CAD (Weekly)
BULLISH RECOVERY
TARGETS 1.0680
TD EXHAUSTION BUY SIGNAL
USD/CAD (Daily)
MAJOR LOW
(0.9446)
200-DMA
(0.9784)
August High
(1.0673)
MAJOR RESISTANCE
200-DMA (1.3676)
EUR/CAD (Daily)
50% (1.3570)
61.8% (1.3379)
REVERSAL PATTERN
CHF/CAD (Daily)
200-DMA (1.0932)
S-T TREND L-T TREND STRATEGY
200-DMA CAPS BEAR MKT
AUD/NZD (Daily)
KEY SUPPORT 1.2319 / 1.2100
13
38.2% (76.70)
61.8% (68.47)
50% (72.58)
AUD/JPY (Daily)
DEMARK™ SELL SIGNAL
BREAKDOWN ADDS TO
RISK AVERSION
200- DMA
(83.56)
AUD/USD (1 YEAR)
TD RISK (1.0935)
TD RISK (1.1102)
TD EXHAUSTION SELL SIGNALS
200-DMA (1.0391)
™
!
S-T TREND L-T TREND STRATEGY
TREND CHANNEL
(12 YEARS)
I
RISK ZONE III
BIGGEST DRAWDOWNS 34% (2008) 26% (2006) 25% (1999) AVERAGE = 28%
25%
26%
34%
GOLD Weekly LOG Chart (1999-2011)
20%
SO FAR
200-DMA NOT TESTED IN 3 YEARS!
RISK (1935)
DEMARK™ SIGNAL WARNED OF GOLD’S OVERBOUGHT CONDITIONS WHICH LED TO A $200 DROP IN 3 DAYS!
BREAKOUT
$1704
$1600
DOWNSIDE: $1600 / $1530 UPSIDE: $1935 / $2000
GOLD KEY TRIGGER LEVELS
$1534
™
/
S-T TREND L-T TREND STRATEGY
OVER 30 YEAR BASE
PATTERN BULL MARKET
FROM 1999
Silver Monthly (since 1980)
13
38.2% (32.3135)
50% (26.9150)
61.8% (21.5165)
Silver HITS 1980 Spike High! DEMARK™ SELL SIGNAL
I
II
UNWINDING 67% FROM
OVERSOLD TERRITORY
Gold/Silver Ratio
67% 13 YEAR LEVEL
Silver (Daily) 13
200 DMA
(32.8700)
DEMARK™ SELL SIGNALS
KEY SUPPORT
13
