Weekly Report Friday 19th June 2009

Funny kind of a week, reasonably profitable, but had the feeling of a 'phony war', before the traditional summer directional volatility picks up in the next few weeks. I am positioned short the dollar, because that's what my charts say. Some of these charts offer good inflection points though, so if you are dollar bullish for some bizarre fundamentalist reason, then my stop points (particularly on GBP/USD, Gold, AUD/USD) could be useful entry points for you. USD/JPY is also worth watching. It's like a coiled spring.

Here are the charts, see you on Monday:-

Dollar Index:-


USD/JPY:-


EUR/USD:-


GBP/USD:-


USD/CAD:-


AUD/USD:-


GBP/JPY:-