Tag Archives: AUDJPY

Friday Charts

Good morning. I made a few changes to the site and it should load faster now.
Here are some charts worth a look today. Don’t forget it’s the NFP day (consensus: 184K)

EURUSD

Uptrend is losing steam after a good run started at $1.28. Intraday studies are currently bearish and it’s time to keep an eye on first support, at 1.3170.

Market sentiment: intraday – bearish, short-term – bullish
Potential trade strategy: to buy dips at 1.3150, stop below 1.3100, target at 1.3300

EURUSD 4hrs 8-2-2013

EURUSD 4hrs 8-2-2013

Continue reading

Tuesday Breakout Trading Opportunities to Consider

Good morning. Aussie dollar is rising across the board after the RBA kept interest rates at 3.25% instead of cutting to 3%, as widely expected. The euro is losing ground on more Greece worries. The U.S. Election is definitely this week’s most important event. There are some nice breakout trading opportunities to watch in the coming sessions:

EURUSD

Euro breached below support at 1.2820 and there’s no sign of relief yet; therefore selling on minor intraday pullbacks to the upside is, in my opinion, the best thing to do in the coming sessions

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell on pullback to 1.2820, target at 1.2620

EURUSD daily 11-6-2012

EURUSD daily 11-6-2012

EURGBP

Although the daily chart is obviously bearish, there are some clues on the 4hrs chart suggesting that a temporary bottom is being formed. If that’s about to happen, then buying on the rally above .8010 is a strategy to consider. Meanwhile, holding short should be just fine

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to hold short while below .8010, target at .7900; but also considering a buying opportunity on the break above .8010 Continue reading

NFP Day is Here: Charts to End the Week

Good morning. The NFP day is here (consensus is 125k and 7.9% unemployment), so let’s take a look at some of today’s interesting charts

EURUSD

Support at 1.2880/00 is under pressure as EUR failed to recover above $1.300. More losses are likely

Market sentiment: intraday – bearish, short-term – neutral
Potential trade strategy: to sell on breach below 1.2880, target at 1.2800

EURUSD 4hrs 11-2-2012

EURUSD 4hrs 11-2-2012

EURJPY

Resistance around 104.00 is in focus today as the Japanese yen continues to weaken across the board. A breakout trade is rather tempting

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy on break above 103.90/00, target at 105 Continue reading

Midweek Charts to Watch

Good morning. It’s pretty obvious that Hurricane Sandy has an impact on the currency markets, especially due to NY Stock Exchange being closed for two days. Let’s see what are some of today’s interesting charts

EURUSD

The euro found some bids at $1.29 upward trendline and managed to climb above the downward trendline which is connecting recent lower highs. It looks slightly bullish for now and there’s a good chance that other risk sensitive pairs are going to push the EURUSD higher

Market sentiment: intraday – bullish, short-term – bearish
Potential trade strategy: to buy around 1.2960, target at 1.3060

EURUSD 4hrs 10-31-2012

EURUSD 4hrs 10-31-2012

EURGBP

The reversal candle formed around the 62% fib of last up leg suggests that recovery is going to continue. However, it is very weak and bulls should be careful

Market sentiment: intraday – bullish, short-term – bearish
Potential trade strategy: to sell around current levels, stop/reverse above .8100, target below .8000 Continue reading

Thursday Charts of Interest

Good morning. Not much happened across the charts after yesterday’s important events – such as Fed’s interest rate decision, Draghi’s speech etc. The euro continued to weaken against the US dollar but managed to find support in the fib range highlighted below. Should this be a simple corrective decline? we’ll find out very soon

Market sentiment: intraday – bullish, short-term – mixed
Potential trade strategy: to hold a small long position, target at 1.3070

EURUSD 4hrs 10-25-2012

EURUSD 4hrs 10-25-2012

EURGBP

Support zone which was freshly formed a few days ago at .8100 is now providing intraday resistance as EUR failed to hold above.

Market sentiment: intraday – bearish, short-term – bullish
Potential trade strategy: to sell at .8110, target at .8010 Continue reading

Tuesday Charts That Matter

Good morning. Euro failed to recover above $1.31 and resumed decline – testing the lower $1.30 zone at time of writing. Daily chart is bullish while it looks heavier on the intraday ones.

EURUSD

Market sentiment: intraday – bearish, short-term – bullish

Potential trade strategy: to buy on retracement to 1.2970, target at 1.3070

EURUSD 4hrs 10-23-2012

EURUSD 4hrs 10-23-2012

USDCHF

A potential breakout would result in EURUSD declining even more

Market sentiment: intraday – bullish, short-term – neutral

Potential trade strategy: to buy on strong rally above .9290, target at .9390

USDCHF 4hrs 10-23-2012

USDCHF 4hrs 10-23-2012

USDCAD

The US dollar continues to strengthen against its Canadian counterpart – approaching parity. Interim resistance is formed at .9950, so a breakout seems to be just around the corner – hence a new buying opportunity

Market sentiment: intraday – bullish, short-term – slightly bullish

Potential trade strategy: to buy on rally above .9950, target at 1.0150 Continue reading

Charts to End the Week

EURUSD

Good morning. Euro is currently recovering some ground after it found support at the 50% fib retracement value, around 1.2840.

Market sentiment: intraday – bullish, short-term – bullish

Potential trade strategy: to hold long, target at 1.31

EURUSD 4hrs 9-28-2012

EURUSD 4hrs 9-28-2012

GBPCAD

A reversal candle was formed yesterday, so it’s likely to see more weakness developing in the coming sessions. 1st support to keep an eye on is around 1.5850

Market sentiment: intraday – bullish, short-term – bullish

Potential trade strategy: to sell at 1.5920, target at 1.5800/20

GBPCAD daily 9-28-2012

GBPCAD daily 9-28-2012

EURAUD

It’s pretty obvious that AUD is a better performer than EUR these days, and that’s why this breakdown looks good so far.

Market sentiment: intraday – bearish, short-term – bearish

Potential trade strategy: to sell at 1.2370, target at 1.2200

EURAUD 4hrs 9-28-2012

EURAUD 4hrs 9-28-2012

CADCHF

Resistance at .9580 is still intact but it seems that price is pushing higher, about to retest it. Buying on the break higher is one thing to consider

Market sentiment: intraday – bullish, short-term – bearish

Potential trade strategy: to buy on break of .9580, target at .9680

CADCHF 4hrs 9-28-2012

CADCHF 4hrs 9-28-2012

AUDJPY

AUDJPY is currently testing resistance formed by former support trend line. Will it break?

Market sentiment: intraday – bullish, short-term – bearish

Potential trade strategy: none

AUDJPY chart 4hrs 9-28-2012

AUDJPY chart 4hrs 9-28-2012

Silver

Resistance at 35 is again in focus as silver is climbing higher, after it found support around 33.50.

Market sentiment: intraday – bullish, short-term – bearish

Potential trade strategy: to buy on break of 35, target at 37

Silver 4hrs 9-28-2012

Silver 4hrs 9-28-2012

have a great weekend

Charts to Start the Week

Good morning. Sorry for the lack of updates, but I’ve been out of country for 1 week. Let’s see what are some of the interesting charts today

EURUSD

Corrective cycle continues as EUR retests support at 1.2920, followed below by 50% and 62% fib retracement values – an area where buying dips seems a good idea

Market sentiment: intraday – bearish, short-term – bullish

Potential trade strategy: to buy dips at 1.2850, target at 1.30

EURUSD daily chart 9-24-2012

EURUSD daily chart 9-24-2012

EURGBP

Support around .7960 is in focus as EUR is losing ground against the British pound. It’s about time to see whether this decline from the .8100 zone is corrective or not.

Market sentiment: intraday – bearish, short-term – bullish

Potential trade strategy: to buy dips at .7960, target at .8100 Continue reading

Midweek Charts to Watch

Good morning. Dollar is under pressure across the board as Germany’s Constitutional Court is expected to give its approval today to the euro zone’s new bailout fund. Tomorrow’s Fed meeting is another important event that is currently putting weight on the dollar.

EURUSD

Market sentiment: intraday – bullish, short-term – bullish

Potential trade strategy: to hold long, target at 1.30

EURUSD daily 9-12-2012

EURUSD daily 9-12-2012

EURCAD

Resistance at 1.25 is still under pressure but yesterday’s fast recovery suggests that a breakout is underway

Market sentiment: intraday – bullish, short-term – bullish

Potential trade strategy: to buy on break of 1.2500, target at 1.2750 Continue reading

Charts to End the Week

Good morning. The euro and risk currencies such as AUD rallied yesterday after the ECB meeting. Euro is currently holding gains above $1.2600, being ready for another leg up to $1.27 – $1.28. Most important economic event today is the US NFP data release

EURUSD

Market sentiment: intraday – bullish, short-term – bullish

Potential trade strategy: to hold long, target at 1.28

EURUSD daily 9-7-2012

EURUSD daily 9-7-2012

4-hrs chart:

EURUSD 4hrs 9-7-2012

EURUSD 4hrs 9-7-2012

EURJPY

Euro exited the consolidation range, providing a nice breakout trade opportunity. Next target is at 101-101.50

Market sentiment: intraday – bullish, short-term – bullish

Potential trade strategy: to hold long, target at 101 Continue reading