Hi,

lately I've taken to writing a sort of about daily bars and considering the effort that goes into it, I believed it was a shame nobody else got anything out of it. I'm going to post todays illustration to see if folks think that it's utter nonsense or if it gives them something to think about. It features short term as well as long term prognosis and I know very well it is hybris as well as common practice to predict where price will go, but this is something that I strive to learn and master, so I can not really get any sort of negative feedback by posting this, since the simple fact that what I am doing will last would stay unchanged no matter what. So I am also free to discuss without sorrow.

Following is a sample, please don't hesitate to comment on the design as well as the content. I am aiming more towards a critique of the text and the content than hearing contrarian or alternative views(which doesn't mean you can't post those too ). I am very much interested by the Analyst livelihood and a venture into this sort of territory, which is very much intermeshed with the speculative trader.


Edit: I'm on GMT 2 so all analysis is based on my own daily near at midnight that is EST 18:00.

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Outlook out of day's finish analysis, 27th September 2006

USDCHF
Bar: miniature bearish pin bar
Could possible be the end of a corrective wave up and the start of the next larger wave down to 1.2200. 1.2470 would need to hold, under 1.2400 sees battle of 1.2350 and 1.2290-1.2275 support.
Above 1.2475 retest 1.2550, then 1.2600 handle.

EURUSD
Tavern:I4B
Below 1.2660 constitutes a retest of 1.2630 with a greater prospect of breakthrough this time around, rather a move beyond 1.2740 again moves to retest and challenge 1.2830-40
We're currently seeing bulls and bears fighting for control over Euros direction and either of these interim important amounts (1.2660 with continuation to 1.25601.2460 vs 1.2830-1.2940) represents a toggle for a specific range border evaluation of this 500 pip border of 1.2460-1.2940 we have been locked inside of since late April. We closed exactly and this explains the indecision seen in the market, as forces are almost at a balance lest there come a shift of equilibrium.

EURJPY
Tavern: bullish bar
Situation this is similiar to Euro. The range established since August from 147.50 - 150.70 retains and we're currently just a small number of pips above the center and Price Pivot situated near/around 149.00
While over it seem for a retest of 150 and the large, a drop below once again brings 147.70 into view and a break of that could mean a toggle back to 145 or even 140.
Short term: past 149.45 gt;gt; 149.80, then 150 and outside, reduction of 149 spells 148.50 and then lower


GBPUSD
Tavern: malformed bearish bar
Situation is shaky since 1.8880 interim support has held now. Loss sees a retest of 1.8740, below that 1.8625 and past that 1.8555. Should the established base grip and 1.8960 recovered, 1.9000 and a later 1.9080 a retest of this 1.9140 high and outside might return in the picture.
Considering the bearish pub and the violation of trendline a further fall is likely unless dollar sentiment turns bearish again.

USDJPY
Tavern: Bullish
Having escaped the narrow confines of this 116.10-116.60 range, nippy has managed to claw its way back above 117 and today trades near 117.40. As long as 116.60 support/pivot retains, anticipate upside down and a retest of 118, above 118.30 sees a opportunity to revisit 119. Be mindful that this currency is political though influence seems to emerge more from the BOJ and officials than from the USD.
118.70 and 120 are potential fibonacci expansions while former fibonacci retracements and a trendline block the path to 117.70 for today.


AUDUSD
Tavern: snare pub
AUDUSD has once again stubbornly rejected a move under 0.7500. It appears almost as if movements are being prevented by some power that is larger with an wonderful force. The pin is rather small yet, but considering that the time spent at the 0.7480-0.7580 range matters are bound to heat up very soon. Gold back over 600$ will surely have done it's part to reconstruct AUDUSD, so seem to try an escape to the upside with stops at 0.7460, entrance preferably at 0.7500 or even 0.75490. Be nimble however if 0.7550 doesn't give way well things might be coming back fast. Past 0.7580 must have an additional 100 pips in it just as easily as a break of 0.7480.


NZDUSD
Bar: unsuccesful pin pub.
Kiwi has been abused any way after more comments from officials concerning the increase being planned much later than the market had hoped. Trendline resistance turned support things back on the first hit the choice for direction is not made just yet. Bearish pressure from the afternoon before with a bearish outside bar puts bears in the front seat and if 0.6530 and 0.6500 provides way, 0.6430 might be seen real fast. 0.6250s next real region of support under.
A go back over 0.6660 could give 0.6720 and above another appearance.

EURCHF:
Bar: bullish outside pub, kind of.
EURCHF put in a very unconvincing move higher today and just barely exceeded 1.5800, falling short of 1.5820-30, an area of resistance. Failure to climb back over this level could mean a return to 1.5735 and past that 1.5625 and the more important level of support at 1.5500. Over 1.5850 gives way to a renewed attack at 1.5970 and eventually the 1.5600 handle.