Hi everyone

Let’s welcome David Solin, partner at Foreign Exchange Analytics (www.fxan.com) view this time about USD Index.

David Solin - $ index, above the Nov high but don\’t chase….

David Solin, Partner at Foreign Exchange Analytics is a technical trader I praise very much and I use to follow.

He is now surprising me by saying that a large upmove towards 1.4715 in EURUSD is getting closer….

What do you think? Do you agree?

Eur/USD, a large upmove getting close?by David Solin, Partner at Foreign Exchange Analytics

Eur/USD, still short from late Dec…. by David Solin, Partner at Foreign Exchange Analytics - www.fxa.com

Hi everyone, let’s welcome as always David Solin’s view, this time about USD Index

$ index, more chop higher nearby but upside limited….

Francesc

AUDUSD, still targeting new lows… by David Solin, Partner at Foreign Exchange Analytics
Aussie continues to chop within the .6005/.7010 that has been in place since late Oct. With no signs that a more important bottom is in place “pattern-wise” (5 waves up on the short term charts for example), suggests that the last month of trade is a large correction/ consolidation and with eventual new lows after. Note too the 5 wave fall from the .7010 high (see shorter term chart at www.fxa.com/solin/comments.htm ) also suggests that the bigger picture downside is not “complete”, and adds weight to the view of eventual new lows below .6005. For now want to be short for the bullish trendline from Oct 27th (currently at .6075/85), .6005 and below, and would reshort here (currently at .6425). 
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Oil, important low close-but not quite there…. by David Solin, Partner at Foreign Exchange Analytics

Francesc

$ index, short term downside but no important top…. by David Solin, Partner at Foreign Exchange Analytics

Hi everyone

Let´s welcome David Solin, partner at Foreign Exchange Analytics, view this time on AUDUSD

Francesc

AUDUSD (A$), no important bottom…yet….

USD index is consolidating from the late Oct high at 87.85 and is still seen as a correction, with eventual new highs above 87.85 favored after. Also, the market is trading in tighter ranges from that high and appears to be forming a pennant/triangle, generally seen as a continuation pattern, and adding to the view of an eventual new highs. On a very near term basis, these patterns break down into 5 legs, raising potential for a final test of the base (currently at 84.30/40), before resolving sharply higher.

USD index-daily-nov10$ index, bullish pattern still forming….

No change in the view on the Dow Jones Industrial average as trade from the Oct 10th low at 7883 is seen as a correction (wave 4 in the fall from the May high at 13137) and with eventual declines below the 7883 low after (within wave 5). Currently, the market appears to be forming a contracting triangle/pennant (as a number of financial markets are). These are generally seen as “continuation” patterns that resolve sharply, and adds weight to the view of eventual new lows.
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