Good morning

Well, another big day on the Commodities with both Gold and Crude making new lows and adding more weight to the Dollar.
The next port of call could well be the weekly 50 now the 20 has well & truly gone. That'd take us down to about $100 a barrel.
Gold could fall as low as $850 an ounce.

Both are showing a lot of red both on the Heiken Ashi and the CCI's so I will not be getting into these immediately.

So where does that leave us with the currencies?

They are all a little overcooked to be honest.
Pound had fallen almost 200 pips since yesterday morning.
Euro is still messing about at the weekly 20 and Last Weeks Low's.
Swissie has been podering these highs with no real menace for over a month now.
Finally, my Japanese Princess. She's still stuttering aroung the weekly 50.

All are overbought or oversold bar JPY.

Euro needs to break 1.5500 for move south.
Swiss needs to break 1.0520 for a move north.
Miss Yen need to break 108.50 for a move up.

Pound is on the Sub's bench

The shorter-term.

Let's not forget Gold and Crude here. Without these two falling hugely we would not expect and majot move on the currencies, apart for Pound, who seems to be very naughty of late.

With Euro under the averages and USDJPY looking tired I am tempted off beaten track in search for a short EURJPY.

Good day to you.

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