Good morning. Euro is trading lower across the board before the ECB meeting tomorrow.
EURUSD
Market sentiment: intraday – slightly bearish, short-term – bullish
Potential trade strategy: to buy around 1.2530 or around 1.2480, short-term target at 1.2630/50
EURUSD 4hrs 9-5-2012
EURJPY
EURJPY is still trading sideways in a horizontal channel. The channel support is now under pressure and there’s a good chance that it will remain intact, in my opinion
Market sentiment: intraday – bearish, short-term – slightly bullish
Potential trade strategy: to buy around 98, target at 99
EURJPY 4hrs 9-5-2012
AUDJPY
Aussie dollar continues to lose ground and is approaching support at 79.50
Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: none
AUDJPY daily 9-5-2012
AUDCAD
Parity level is again in focus and it is probably a good idea to look for a buying opportunity there
Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to buy at 1.000, stop below .9940, target at 1.0200
AUDCAD daily 9-5-2012
AUDUSD
Intraday resistance is now formed around 1.0230, so that’s the first selling point to consider in case of an upside pullback
Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell into rally to 1.0230, target at 1.0100
AUDUSD hourly 9-5-2012
S&P500
Resistance at 1415 is still intact but recent dips have been bought, so there’s a good chance that a breakout is just around the corner
SPX daily 9-5-2012
have a great day!
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hi and thanks. Agree, it looks ready for another run