G7 OUTLOOK FOR THE WEEK 16-20 JULY 2012

Last week we had a general weakness of euro against all other currencies. It made new all time lows against the aud and the cad . Also eurusd has gone significant lower. Friday however we has a significant short squeeze and a rise in risk appetite.

Overall  EURUSD remains weak although this week we might see a retracement up to 1.2470. 

GBPUSD continue to consolidate. Last Friday rose strongly unexpectedly indicating that there is still demand for this currency .Since Olympics starting in a week we probably see a further rise this week

EURJPY avoided making new al time low. Not a clear picture

USDJPY still in consolidation

USDCHF is the reverse of what EURUSD does

AUDUSD still strong may rise further taking advantage of the risk on mentality, the stimulus from central banks and low rates.

CURENCIES	DAILY		WEEKLY
DAILY DATA'!A1	TREND	WAVE	TREND	WAVE
EURUSD	↓	↓	↓	↓
	-7	-5	-7	-5
EURJPY	↓	↓	↓	↓
	-7	-5	-7	-5
EURAUD	↓	↓	↓	↓
	-7	-5	-7	-5
EURCHF	↓	↓	↓	↓
	-5	-3	-5	-1
USDCHF	↑	↑	↑	↑
	7	5	5	5
GBPUSD	↓	↓	↓	↓
	-7	-5	-7	-5
USDJPY	↓	↓	↓	↓
	-1	-5	-1	-5
AUDUSD	↑	↑	↓	↑
	3	1	-1	5
GOLD	↓	↓	↓	↑
	-5	-3	-1	5

G7 OUTLOOK FOR THE WEEK 8-13 JULY 2012

SYSTEM	CURENCIES	DAILY		WEEKLY
TREND +(-)7	DAILY DATA'!A1	TREND	WAVE	TREND	WAVE
WAVE +(-)5
1,2291	EURUSD	↓	↓	↓	↓
		-7	-5	-7	-5
97,89	EURJPY	↓	↓	↓	↓
		-7	-5	-7	-5
1,2032	EURAUD	↓	↓	↓	↓
		-7	-5	-7	-5
1,2009	EURCHF	↓	↓	↓	↓
		-5	-1	-3	-1
0,9773	USDCHF	↑	↑	↑	↑
		7	5	5	5
1,5495	GBPUSD	↓	↓	↓	↓
		-3	-5	-7	-5
79,66	USDJPY	↑	↑	↑	↓
		3	5	1	-3
1,0213	AUDUSD	↑	↑	↓	↑
		3	5	-1	3

G7 OUTLOOK FOR THE WEEK 2-9 JULY 2012

CURENCIES	DAILY		WEEKLY
DAILY DATA'!A1	TREND	WAVE	TREND	WAVE
EURUSD	↓	↑	↓	↓
	-5	3	-7	-5
EURJPY	↓	↑	↓	↓
	-3	5	-7	-1
EURAUD	↓	↓	↓	↓
	-7	-5	-5	-5
EURCHF	↓	↑	↓	↓
	-3	5	-1	-1
USDCHF	↑	↓	↑	↑
	5	-3	5	5
GBPUSD	↓	↑	↓	↓
	-3	3	-7	-5
USDJPY	↑	↑	↑	↓
	1	5	1	-3
AUDUSD	↑	↑	↓	↑
	3	5	-1	1

G7 OUTLOOK FOR THE WEEK 24-30 JUNE 2012

SYSTEM	CURENCIES	DAILY		WEEKLY
TREND +(-)7	DAILY DATA'!A1	TREND	WAVE	TREND	WAVE
WAVE +(-)5
1,257	EURUSD	↓	↑	↓	↓
		-3	1	-7	-5
101,10	EURJPY	↓	↑	↓	↓
		-3	5	-5	-1
1,2489	EURAUD	↓	↓	↓	↓
		-7	-4	-5	-3
1,2010	EURCHF	↓	↓	↓	↓
		-5	-3	-3	-1
0,9553	USDCHF	↑	↓	↑	↑
		3	-1	5	5
1,5588	GBPUSD	↓	↑	↓	↓
		-5	1	-7	-5
80,43	USDJPY	↑	↑	↑	↓
		5	5	1	-3
1,0064	AUDUSD	↓	↑	↓	↓
		-1	5	-5	-5

G7 OUTLOOK FOR THE WEEK 10-16JUNE 2012

SYSTEM	CURENCIES	WEEKLY
TREND +(-)7		TREND	WAVE
WAVE +(-)5
1,2517	EURUSD	↓	↓
		-7	-5
99,47	EURJPY	↓	↓
		-6	-1
1,2622	EURAUD	↓	↑
		-3	1
1,2014	EURCHF	↓	↓
		-3	-1
0,9596	USDCHF	↑	↑
		5	5
1,5474	GBPUSD	↓	↓
		-7	-5
79,49	USDJPY	↑	↓
		1	-5
0,9916	AUDUSD	↓	↓
		-5	-5

END OF MAY P/L REPORT - [-200 PIPS]

Below are the details of the trade I took this month

1. Long USDJPY @ 80 , S/L 78 and T/P 84 -->  Closed at 78 (-200 pips loss)

I have also two open working positions

• Long entry EURCHF @ 1.21 - S/L 1.20 - T/P 1.35 --->  Still working
• Long entry USDJPY @ 79.64 - S/L 75.4 - T/P 90.0---> Still working

  My equity since the beginning of the year is  at +685 pips

G7 OUTLOOK FOR THE WEEK 03-09 JUNE 2012

SYSTEM	CURENCIES	DAILY		WEEKLY
TREND +(-)7	DAILY DATA'!A1	TREND	WAVE	TREND	WAVE
WAVE +(-)5
1,2434	EURUSD	↓	↓	↓	↓
		-7	-5	-7	-5
97,01	EURJPY	↓	↓	↓	↓
		-7	-5	-7	-5
1,2819	EURAUD	↓	↓	↓	↑
		-1	-2	-3	5
1,2013	EURCHF	↓	↑	↓	↓
		-5	1	-3	-1
0,9661	USDCHF	↑	↑	↑	↑
		7	5	5	5
1,5363	GBPUSD	↓	↓	↓	↓
		-7	-5	-5	-5
78,02	USDJPY	↓	↓	↓	↓
		-7	-5	-3	-5
0,9701	AUDUSD	↓	↓	↓	↓
		-7	-5	-5	-5