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ForexSAM - Daily Shows |
Pre-SAM Daily Shows 2000
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2003
SAM Daily Shows Archive
2003
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Today-for-tomorrow Daily Show format:
Next publishing time is New York time at
approximately 4:00pm (est. eastern standard
time) November 17th for November 20th, 2006 in
the form of Weekly Show.
Please click here
for most recent
updates.
November
17, 2006
(published at 3:31pm est. on Nov 16th for Nov 10th)7
August 29,
2003
After stretching further down below 0.6400, AUD
attempted to reach up for 0.6430 resistance
during Thursday's session, under which buyers
and sellers exchanged jabs and punches. Our
hourly indications, however, support another
buying attempt that may pack enough strength to
reach through 0.6430 for 0.6470 in the coming
session. Near-term buying indication seems even
stronger for the European majors as well as JPY.
If it is to play out, then buyers can carry
their move from EUR 1.0820 to 1.1080, from SWF
1.4220 to 1.3970, and from GBP 1.5700 to 1.5920.
JPY's expected upward move from 117.00 to 118.30
did not come about for the last two days;
instead, buyers appear to be increasing pressure
slowly but surely in an attempt to weigh down
the 117.00 support. If they succeed, a buyer run
from 118.00 to 116.00 can be seen. This scenario
will force us to abandon the doomed 119.80 sell
position at either planned cut-loss exit 0f
116.80 or revised exit at 118.00, whichever
comes first. CAD sellers retreated below 1.3980
support without showing much interest to
re-enter the market. They may now be very well
eyeing the 1.3920 level as a comfort support.
Given its positive sell signal, we will now
trade it strategically with a long term sell
plan. In lieu of allowing our CAD 1.3980 sell
entry to be bumped off at -50pts, we will keep
it afloat while preparing to make a secondary
sell entry at 1.3880. Stay tuned for Weekly
Show.
Sold CAD at 1.3980, RRR-200/+50pts, or settle
profit by close.
Hold JPY's 119.80 sell, RRR-300/-180pts, or
settle profit by close.
Wait to sell CAD at 1.3880. RRR-50/+200pts, or
settle profit by close.
Wait to sell AUD at 0.6470, RRR-50/200pts, or
settle profit by close.
Wait to sell EUR at 1.1080, RRR-50/+200pts, or
settle profit by close.
Wait to sell SWF at 1.3870, RRR-50/+200pts, or
settle profit by close.
Wait to sell GBP at 1.5920, RRR-50/+200pts, or
settle profit by close.
Wait to buy EUR at 1.0820, RRR-50+200pts, or
settle profit by close.
Wait to buy SWF at 1.4220, RRR-50/+200pts, or
settle profit by close.
Wait to buy GBP at 1.5700, RRR-50/+200pts, or
settle profit by close.
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