Hot-Chart Archives (2009)

Displaying Hot-Charts posted in 2009
  • Euro's Third Down Leg Chart

    Euro's Third Down Leg

    Dec 11, 2009 0:10 | by Ashraf Laidi | 198 Comments
    The current leg down in EURUSD has exceeded each of its previous 2 down cycles in magnitude (22 Sep-Oct 2nd & Oct 26-Nov 2nd) and is at risk of extending losses towards an preliminary target of...
  • Aussie Dressed up but where to Go? Chart

    Aussie Dressed up but where to Go?

    Dec 2, 2009 21:33 | by Ashraf Laidi | 475 Comments
    It may be unwise to think against the Aussie after the RBA raised rates for the 3rd time this year, signalling more tightening next year, BUT we cannot help notice the AUDUSD daily and 4-hr...


    Nov 11, 2009 16:58 | by Ashraf Laidi | 36 Comments
    EURGBP rallies on the best of both worlds, propped by broad USD weakness (always a EUR-positive) and dovish comments from the Bank of England. But as USD stabilizes, EUR retreat vs.
  • Bullish US Long Yields Chart

    Bullish US Long Yields

    Nov 3, 2009 16:43 | by Ashraf Laidi | 8 Comments
    Yields on the US Treasury note show a major bullish formation, based on technicals and fundamental drivers, suggesting 4.0% could emerge before year-end.
  • Bovespa, Sensex & Cable Chart

    Bovespa, Sensex & Cable

    Oct 23, 2009 12:59 | by Ashraf Laidi | 3 Comments
    Sterlings failure to breach above the $1.6730 right shoulder in the H&S formation following the unexpected decline in Q3 GDP should help call up $1.63 and $1.6210.
  • EURCAD Downtrend Intact Chart

    EURCAD Downtrend Intact

    Oct 12, 2009 14:39 | by Ashraf Laidi | 13 Comments
    EURUSD strength remains shadowed by EUR weakness against the likes of CAD and AUD.
  • AUDJPY Clarifies the Hint Chart

    AUDJPY Clarifies the Hint

    Oct 5, 2009 17:10 | by Ashraf Laidi | 77 Comments
    The recurring failure of AUDJPY to regain 80 since mid August reflects mostly yen strength and speculators relative comfort to maintain the AUDJPY carry trade rather than AUDJPY.
  • CADJPY Downtrend Intact Chart

    CADJPY Downtrend Intact

    Sep 10, 2009 10:56 | by Ashraf Laidi | 26 Comments
    CADJPY continues to show a generally predictable downtrend despite the noise from occasional waves of risk appetite.
  • NZD's Overshoot vs GBP? Chart

    NZD's Overshoot vs GBP?

    Aug 24, 2009 15:09 | by Ashraf Laidi | 49 Comments
    NZDGBP (using the NZDGBP exchange rate instead of the more conventionally expressed GBPNZD due to charting issues with the latter) has proven to be highly correlated with risk appetite,...
  • USDJPY Cyclical Peaks Chart

    USDJPY Cyclical Peaks

    Aug 14, 2009 10:23 | by Ashraf Laidi | 203 Comments
    Last month we looked at cyclical lows in USDPY and how they helped us predict the 91.75 low. Today, we examine the cyclical peaks in the pair.
  • Loonie Tips Over  Chart

    Loonie Tips Over

    Aug 7, 2009 18:39 | by Ashraf Laidi
    This week's array of CAD-negative dynamics (Canadian verbal intervention against excessive strengthening unexpectedly negative Canadian jobs figures and struggling emerging market equities),...
  • USDJPY Channel Intact Chart

    USDJPY Channel Intact

    Jul 20, 2009 11:24 | by Ashraf Laidi | 42 Comments
    Theres no change in the declining trend of USDJPY despite the recent 300-pip rebound from its 91.70 low.
  • From GreenShoots to Head&Shoulders Chart

    From GreenShoots to Head&Shoulders

    Jul 14, 2009 17:18 | by Ashraf Laidi | 19 Comments
    As the buzzword shifts from Greenshoots to Head & Shoulders, lets take a look at that H&S formation in the S&P500.
  • NZDUSD Eyes Sub-0.63 Chart

    NZDUSD Eyes Sub-0.63

    Jul 2, 2009 13:15 | by Ashraf Laidi | 108 Comments
    Further downside room for NZDUSD remains despite 200-pt loss over past 3 days.
  • USDJPY 4-week Cycles Chart

    USDJPY 4-week Cycles

    Jun 24, 2009 14:06 | by Ashraf Laidi | 182 Comments
    USDJPYs 4-week cyclicals suggest renewed downside into month and quarter end amid medium-term USD weakness associated with Fed asset purchases and the defensive risk climate suggested by...
  • GBPCHF is Done Chart

    GBPCHF is Done

    Jun 18, 2009 11:28 | by Ashraf Laidi | 17 Comments
    Today's +300-pip decline in GBPCHF is considered to be the beginning of a gradual downtrend towards the bottom of the 7-month rising channel.
  • CADJPY's Next Target Chart

    CADJPY's Next Target

    Jun 15, 2009 12:47 | by Ashraf Laidi | 98 Comments
    A host of JPY cross pairs could see extended selling ahead of what could be 3-5% retreat in equities this week.
  • June Seasonals in Equities Chart

    June Seasonals in Equities

    Jun 9, 2009 16:33 | by Ashraf Laidi | 19 Comments
    June has proven a losing month for equities along with September.
  • Euro's Channel Chart

    Euro's Channel

    Jun 3, 2009 12:51 | by Ashraf Laidi | 33 Comments
    Euro's 9-week uptrend remains intact in a rising channel. whose $1.4340 resistance proved to have held up for now.
  • EURCHF Tests the Upside Chart

    EURCHF Tests the Upside

    May 27, 2009 9:44 | by Ashraf Laidi | 11 Comments
    EURCHF looks to break out of a 8-month trend line resistance which was dictated by the francs safe haven flows, the deleveraging out of the euro as well as the Eastern European-driven banking...
  • EURJPY Headed Lower Chart

    EURJPY Headed Lower

    May 21, 2009 16:22 | by Ashraf Laidi | 28 Comments
    EURJPY daily performance can be summarized as the inability to break a gradually declining trend, especially highlighted by the lower highs since April.
  • Oil & Yen pairs Chart

    Oil & Yen pairs

    May 18, 2009 16:58 | by Ashraf Laidi | 24 Comments
    Oil's prior rally largely coincided with the recent gains in equities and a resulting sell-off in the yen.
  • On the FAZ & the SKF Chart

    On the FAZ & the SKF

    May 13, 2009 20:13 | by Ashraf Laidi | 15 Comments
    FAZ and SKF are both Exchange-Traded Funds in the US aimed at exploiting the opportunities from falling bank and financial shares.
  • Battle of High Yielders Chart

    Battle of High Yielders

    May 6, 2009 14:11 | by Ashraf Laidi | 54 Comments
    The high yielding Aussie may be outperforming all currencies but not against the next highest yielderthe NZD.
  • EURJPY's Resistance Chart

    EURJPY's Resistance

    May 5, 2009 11:55 | by Ashraf Laidi | 4 Comments
    EURJPYs ascent to 3-week highs looks increasingly unsustainable from a momentum stand point, with oscillators showing a bearish divergence from the advancing price action.
  • USDCAD CADJPY S&P500 Chart


    May 1, 2009 14:12 | by Ashraf Laidi | 14 Comments
    The remarkable strengthening in the positive correlation between the Canadian dollar and equities shows no retreat.
  • NZDJPY Eyes 50  Chart

    NZDJPY Eyes 50

    Apr 29, 2009 15:38 | by Ashraf Laidi | 29 Comments
    Consolidation in JPY crosses emerges after the short-lived slide from mid April, but the uncertain outlook for global equities emerging from stress tests and onset of further govt...
  • EURAUD Looking Up Chart

    EURAUD Looking Up

    Apr 27, 2009 10:33 | by Ashraf Laidi | 11 Comments
    While both the Aussie and euro have shown to come under pressure against USD and JPY during risk aversion, it is the Aussie that underperforms relative to the euro during these times of falling...
  • USDCAD vs S&P500 Chart

    USDCAD vs S&P500

    Apr 23, 2009 14:11 | by Ashraf Laidi | 12 Comments
    The increasingly negative correlation between USDCAD and S&P500 reflects the increasingly positive correlation between the Canadian dollar and equities, as the current represents risk appetite...
  • FTSE Fears UK Budget Chart

    FTSE Fears UK Budget

    Apr 21, 2009 13:51 | by Ashraf Laidi | 10 Comments
    FTSE-100 outlook looks increasingly shaky as the index is dragged by broadening UK concerns (tomorrows budget, unemployment, GDP and retail sales).
  • More CADJPY Losses  Chart

    More CADJPY Losses

    Apr 20, 2009 11:25 | by Ashraf Laidi | 7 Comments
    Recent losses in CAD are likely to intensify against the Japanese currency as global risk appetite is expected to come under broad pressure after a positive 2 weeks.
  • Euro Nears the Support Chart

    Euro Nears the Support

    Apr 15, 2009 13:28 | by Ashraf Laidi | 6 Comments
    Euro's retreat will likely intensify now that the ECB has officially announced it will unveil a package of non-conventional monetary policy measures in May, i.e.
  • NZDJPY Turnaround? Chart

    NZDJPY Turnaround?

    Apr 13, 2009 14:56 | by Ashraf Laidi | 3 Comments
    NZDJPY shows signs of ending its 9-week rally as it fails to close above the 59 figure, which is the 38% retracement of the decline from the high of May 2008 to the low of Jan 2009.
  • EURCHF Still has Legs Chart

    EURCHF Still has Legs

    Apr 9, 2009 13:43 | by Ashraf Laidi | 9 Comments
    EURCHF rally has more legs as the franc-selling intervention is reminded by the SNB and the Euro licks wounds from another credit downgrade (Ireland).
  • Gold's Downside Break Chart

    Gold's Downside Break

    Apr 6, 2009 12:16 | by Ashraf Laidi | 11 Comments
    Golds break below 880 support (38% retracement of the rise from the Oct lows) has been partly brought about by the broadening of the equity market bouncesector rotation beyond health care and...
  • 100 $/Yen is no Big Deal  Chart

    100 $/Yen is no Big Deal

    Apr 3, 2009 12:10 | by Ashraf Laidi | 4 Comments
    USDJPY breaks above 100 for 1st time since Nov 4 after yesterday's important break of the 200-day MA for the first time since October.
  • GBPAUD Testing the Bottom Chart

    GBPAUD Testing the Bottom

    Apr 2, 2009 11:41 | by Ashraf Laidi | 11 Comments
    Aussie has long been a favourite on this website and its performance speaks for itself.
  • More AUDJPY gains? Chart

    More AUDJPY gains?

    Mar 31, 2009 12:28 | by Ashraf Laidi | 1 Comment
    Aussie's broad recovery includes a +200 pip gain against JPY. But does this warrant prolonged gains beyond 69.00.
  • USDCAD Eyes 1.2660s Chart

    USDCAD Eyes 1.2660s

    Mar 30, 2009 11:55 | by Ashraf Laidi | 5 Comments
    CAD hastily drops across the board at the first sign of trouble in risk appetite as the broadening sell-off in equities boosts USDCAD past the $1.25.
  • EURUSD and Oil Chart

    EURUSD and Oil

    Mar 26, 2009 13:17 | by Ashraf Laidi | 3 Comments
    While the positive correlation between EURUSD and oil is well documented the time lag between the two merits scrutiny as it has turned consistent in favour of the euro over the past 16 months.
  • S&P500 Seasonality Chart

    S&P500 Seasonality

    Mar 25, 2009 9:31 | by Ashraf Laidi
    The month of April proved relatively generous for the S&P500 (and global stick indices in general), which supports my thesis for prolonged improvement in risk appetite into the better part of...
  • Copper's $4,000 Break Chart

    Copper's $4,000 Break

    Mar 23, 2009 12:14 | by Ashraf Laidi | 5 Comments
    Copper's 44% rally from Decembers 4-year lows is worthy of notice due to i) the break of the January rising channel (ii) its high correlation with the Aussie and iii) the possible implications...
  • Oil Targeting $55.00 Chart

    Oil Targeting $55.00

    Mar 19, 2009 14:37 | by Ashraf Laidi | 9 Comments
    Oils break above its 100-day MA for the first time since August has further upside to garner as the momentum traders will be prompted by ample territory towards the $55.00-20 target.
  • EURUSD Heading to $1.33 Chart

    EURUSD Heading to $1.33

    Mar 18, 2009 13:10 | by Ashraf Laidi | 13 Comments
    EURUSD breaks above the $1.3055 shattering $1.31 to $1.3143, making the $1.33 target a closer reality as early as end of week.
  • EURCAD Chart


    Mar 17, 2009 13:54 | by Ashraf Laidi | 3 Comments
    EURCAD at 2-month highs testing the 50% retracement of the decline from the 1.7511 high to the 1.5640 low, risking to peak out.
  • About that USDKNOK Trade Chart

    About that USDKNOK Trade

    Mar 16, 2009 13:19 | by Ashraf Laidi | 5 Comments
    USDNOK is down 8% from its 7.28 high of March 3.
  • Aussie & Cable Upside Chart

    Aussie & Cable Upside

    Mar 13, 2009 13:38 | by Ashraf Laidi | 4 Comments
    AUDUSD & Cable set up for prolonged gains as US stock futures push to the upside.
  • Top in Dollar Index? Chart

    Top in Dollar Index?

    Mar 12, 2009 13:21 | by Ashraf Laidi | 5 Comments
    Emerging signs of a top in the dollar index as the currency falters against EUR, AUD, NOK, NZD and even JPY.
  • JPY's Changing Face? Chart

    JPY's Changing Face?

    Mar 11, 2009 12:57 | by Ashraf Laidi
    Yen may have lost some of its safe haven luster but it also has shown unusual resilience against USD during risk-seeking climate.
  • Revisiting Aussie Upside Chart

    Revisiting Aussie Upside

    Mar 10, 2009 12:34 | by Ashraf Laidi
    Aussie appears at the cusp of exploiting broad gains amid a modest advances in risk appetite as the currency is characterised with superior structural foundation and yield foundation.
  • How Low Cable Chart

    How Low Cable

    Mar 9, 2009 12:34 | by Ashraf Laidi | 5 Comments
    Cable's sell off ensues on the negative news flow from UK banks (latest round of govt nationalization dubbed as insurance and flurry of realized/unrealized banking losses).
  • Gold Eyeing $1.050 Chart

    Gold Eyeing $1.050

    Mar 6, 2009 11:48 | by Ashraf Laidi | 5 Comments
    Golds recovers to $939 confirming my Monday call about the validity of the 4-month uptrend, especially that each of the last four declines was limited to 10% (Nov -10.3%, Nov-Dec -10.0%,...
  • GBJPY Probes Highs Chart

    GBJPY Probes Highs

    Mar 5, 2009 12:59 | by Ashraf Laidi
    The recent break in the positive correlation between GBPJPY and equities has given away to a 12% gain in the cross pair, allowing it to close above the 100-day MA for the first time since...
  • AUDCHF's Fundamental Bounce Chart

    AUDCHF's Fundamental Bounce

    Mar 3, 2009 13:20 | by Ashraf Laidi
    AUDCHFs sharp spike reflects the overwhelming shift towards higher yielding currencies away from lower yielders such as the CHF on a combination of the relative stabilization in global risk...
  • EURGBP Bullish Turn Chart

    EURGBP Bullish Turn

    Mar 2, 2009 13:30 | by Ashraf Laidi | 1 Comment
    EURGBP rebound shows signs of deeper recovery as pair ends 2-day losing streak amid selling in GBP following the 70% decline in HSBCs 2008 net income.
  • Revisiting USDNOK Chart

    Revisiting USDNOK

    Feb 26, 2009 16:03 | by Ashraf Laidi | 2 Comments
    In revisiting the NOK trade, we see a confirmation of the persistent consolidation in the USDNOK pair, albeit, at a narrowing range with a 7.00 trend line resistance and 6.75 support.
  • Gold Looks for $990s Chart

    Gold Looks for $990s

    Feb 25, 2009 15:45 | by Ashraf Laidi
    Today's $25 spike in gold manifests renewed buying after last week's profit-taking at the $1,006 high.
  • USDCAD Approaches Wedge Chart

    USDCAD Approaches Wedge

    Feb 24, 2009 15:09 | by Ashraf Laidi | 1 Comment
    USDCAD has increasingly shown its negative. correlation with equities as the Canadian dollar currency is positively related with the risk appetite.
  • EURCHF Improved Prospects Chart

    EURCHF Improved Prospects

    Feb 19, 2009 13:16 | by Ashraf Laidi
    Swiss franc intensifies losses after the Swiss Govt's support of UBS announcement to release the names of US clients suspected of tax fraud.
  • Multi Year Equity Cycles Chart

    Multi Year Equity Cycles

    Feb 18, 2009 14:30 | by Ashraf Laidi | 1 Comment
    With both the Dow and S&P500 nearing their Nov lows, a breach of those levels is increasingly imminent.
  • AUDCAD Looking Up Again Chart

    AUDCAD Looking Up Again

    Feb 16, 2009 13:42 | by Ashraf Laidi | 4 Comments
    AUDCAD seen pushing higher after the latest negative CAD figures, this time was the biggest decline in manufacturing orders and prolonged foreign selling of Canadian securities.
  • Cable's Moving Averages Chart

    Cable's Moving Averages

    Feb 13, 2009 12:51 | by Ashraf Laidi
    GBPUSD up 3.5 cents after 3-daily declines but fades at $1.46 which is below the 50-day MA of $1.4630.
  • EURGBP How High? Chart

    EURGBP How High?

    Feb 12, 2009 12:30 | by Ashraf Laidi | 2 Comments
    EURGBP enters 4th consecutive daily gain supported by a bullish moving average cross-over as the 5-day MA regains the 10-day MA on its way to cross above 15-day MA, nearing interim pressure at...
  • USDNOK Position Trade Chart

    USDNOK Position Trade

    Feb 11, 2009 13:54 | by Ashraf Laidi | 3 Comments
    NOK remains boosted across the board faring best performing currency since NY Tues close and second best performer over past 5 days after NZD.
  • EURUSD Chart


    Feb 10, 2009 12:01 | by Ashraf Laidi | 2 Comments
    EURUSD consolidation is set to break out in medium term as ECB seeks to avoid telegraphing rate cuts beyond March. A breach of $1.3030 resistance in medium term is looming.
  • GBPNOK Chart


    Feb 9, 2009 13:01 | by Ashraf Laidi
    Norwegian krone broadens strength after central bank's. hint at nearing bottom in interest rates.
  • Why CADCHF ? Chart

    Why CADCHF ?

    Feb 6, 2009 12:31 | by Ashraf Laidi
    CADCHF downside seen as the preferred bearish strategy. after Canada's record 129K decline in jobs and rise in unemp rate to 7.2% from 6.6% knocks CAD across the board.
  • GBPUSD & AUDCHF Looking Up Chart

    GBPUSD & AUDCHF Looking Up

    Feb 5, 2009 12:15 | by Ashraf Laidi | 3 Comments
    Both GBP and AUD are favored at tthe expense of. the USD and CHF respectively as renewed attempts at risk-seeking plays are expected.
  • EURUSD & US 10-yr Yields Chart

    EURUSD & US 10-yr Yields

    Feb 4, 2009 12:32 | by Ashraf Laidi | 4 Comments
    Thw rally in long US yields could trigger further EUR pullbacks.
  • Cable Sticks to Pattern Chart

    Cable Sticks to Pattern

    Feb 3, 2009 9:09 | by Ashraf Laidi
    Since Nov, GBPUSD posted 5 advancing periods lasting 5-7 days and each. in the magnitude between 5 and 8%.
  • EUR Weekly Wedge Chart

    EUR Weekly Wedge

    Feb 2, 2009 14:09 | by Ashraf Laidi
    EURUSD remains supported at $1.2660 TL, which is bottom of wedge from mid December. A breach below faces multiple support points ($1.2480, 1.2390 and 1.23).
  • GOLD vs JPY Chart

    GOLD vs JPY

    Jan 30, 2009 17:09 | by Ashraf Laidi
    What is GOLD vs JPY telling us. Being at only 3 mth highs, Jpns investors see ample room for gains, which is will likely drive it against USD towards $950.
  • Topping GBPNZD Chart

    Topping GBPNZD

    Jan 29, 2009 14:18 | by Ashraf Laidi
    Kiwi is the biggest loser after yesterday's bigger than expected 150-bp rate cut from RBNZ but upside looms against GBP.

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