AUDCAD Feb.2012

Potential short from 1.069, stop @ 1.08, target 1.033 (0.382 fibo).

SSD has to hit 80 and move downwards on 4hour chart and RSI to remain under 57 to validate a trade.
Look for the hourly chart for confirmation and precise entry....

XAUUSD Feb.2012

Gold is showing some bearish engulfing pattern on a daily chart before testing Nov.2011 high @ 1800.
Short entries @ 1733 and 175o with stop above this year's high @ 1773 - targets at 1600 and 1525.

GBPCAD Feb.2012

There is a good chance that this pair will remain within a descending channel starting from Dec.2011. Potential short entries (next week - if reached) are within 1.58, 1.584 and 1.59 (200 day SMA) area with stop @ 1.595 where closing price would invalidate bearish scenario. Targets are 1.545 and 1.53.

AUDUSD Feb.2012

Divergence from a first week of Feb is finally showing its justification by last week breaking bullish support (orange) line and closing bellow 55MA and line itself. While current direction is showing weakening of Aussie $ there is still second line of support dating back from the end of Dec.2011. A current pattern may show up as a head-and-shoulder peaking up to 1.075 -080 area or testing recent high at 1.085 (double top pattern) while it still points-out for a further Aussie weakening in upcoming weeks. Rebound from 1.06 above 1.085 and closing above that area exposes testing of the all time high at 1.10.
Current resistance levels are 1.075, 080 and 085 where cautions shorts may be recommended - targets: 1.04, 1.02, 1.005, 0.99  and 0.97.
Short term: Long entry around 1.06 with 60 pip risk with target of 1.075 given oscillator confirmation.

GBPUSD Feb.2012

While bullish uptrend seams to be broken (red ascending line), It looks like this pair may do another jump up to 1.580-1.585 area before continues lower. Short position candidates are 1.580 (2) and 1.585 (3) prices while daily closing above 1.595 negates a bearish scenario.
Wait for a slow stochastic indicator to move upwards and than brake downhill. Scenario (1) @ Monday opening may also play out but it has to be confirmed within first 2 hours of London opening.

Objectives are 1.56 than 1.545 and 1.5275