Tag Archives: AUDNZD

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

Thursday Charts

Good morning. The euro continues to decline as there are fears of Cyprus contagion and it’s quite obvious that the decline is far from over. Today’s important events in the FX calendar is the Initial Jobless Claims and GDP

EURUSD

Downtrend remains strong and all pullbacks are providing good selling opportunities. As a small update to my previous post, the EUR went down as expected and I remain quite confident that selling into rallies is the best thing to do.

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell on pullback to 1.2850, stop above 1.2910, target at 1.2750 or lower

EURUSD 4hrs 3-28-2013

EURUSD 4hrs 3-28-2013

GBPUSD

I was wrong expecting the recovery to continue without getting much lower below 1.52. Well, it’s the EURUSD to blame for other currencies weakness against the USD nowadays. Current 4hrs chart suggests that decline is likely to continue

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell on break below 1.5100, target at 1.4900 Continue reading

Charts to Start the Week

Good morning. The euro is getting a lift on news that finance ministers from Euro zone approved a bailout plan for Cyprus. Bernanke’s speech is today’s most important event

EURUSD

Resistance formed around 1.3050 is intact after today’s test, hence selling into current area is probably a good idea. Although buying on the potential breach of 1.3050 is kind of tempting, it’s still too risky to buy EUR at this moment.

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell in the 1.300-1.3050 area, stop above 1.3080, target at 1.2900

EURUSD 4hrs 3-25-2013

EURUSD 4hrs 3-25-2013

GBPUSD Continue reading

Tuesday Charts to Watch

Good morning. The euro declined and remains under pressure amid fears over Cyprus bailout.

EURUSD

1.3050 still provides a strong resistance and a potential recovery toward said level is likely to be short-lived. Selling into weak recoveries is probably the best bet for now

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell into rally around 1.30, stop above 1.3060, target at 1.29 and below

EURUSD 4hrs 3-19-2013

EURUSD 4hrs 3-19-2013

AUDUSD

There are obvious signs of rally exhaustion and it’s worth keeping an eye on the support region formed between 1.0330 and 1.0360. A decline below said levels should provide a good selling opportunity Continue reading

Tuesday Charts to Watch

Good morning. Dollar resumed rally after Friday’s NFP and the euro declined from 1.31 area to 1.2955.

EURUSD

It was a good plan to hold short ahead of Friday’s NFP, and I believe that current pullback is corrective, as EUR is showing signs of exhaustion after recovering from 1.2950 area to 1.3050 – currently trading around 1.3015

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell into rally around 1.3050, stop above 1.3100, target at 1.2950

EURUSD hourly 3-12-2013

EURUSD hourly 3-12-2013

EURJPY

Former resistance formed by the downward trendline connection recent lower highs provided support on pullback, as expected in my previous post. Next support is formed around 125.00 – buying at this level is a plan to consider

Market sentiment: intraday – bullish, short-term – slightly bullish
Potential trade strategy: to buy dips around 125, stop below 124.50, target at 126+ Continue reading

NFP Day is Here: Friday Charts to Watch

Good morning. The euro had a good run yesterday after Draghi’s comments, who said that eurozone’s economy will stabilize this year. EUR holds onto gains ahead of today’s NFP data.

EURUSD

Yesterday I was rather expecting this former resistance range between 1.3050-1.3100 to hold, but after such strong declines – “more-than-modest” or even strong corrections are common. Although the resistance was breached, I have doubts that this is the beginning of a prolonged recovery. So my yesterday’s plan to sell in the 1.3070-1.3100 zone is still in play.

Market sentiment: intraday – bullish, short-term – bearish
Potential trade strategy: to hold short, stop above 1.3150, target below 1.2950

EURUSD 4hrs 3-8-2013

EURUSD 4hrs 3-8-2013

 

EURJPY

Yesterday’s recovery above the highlighted resistance zone suggests that more upside action is likely, hence I’m changing plan after yesterday’s failed sell and I am now considering a buying opportunity on potential pullback to 124.00 area

Market sentiment: intraday – bullish, short-term – slightly bullish
Potential trade strategy: to buy dips around 124, stop below 123.20, target at 126+ Continue reading

Thursday Charts

Good morning. EUR continues to lose ground against the dollar and looks quite fragile ahead of today’s ECB decision. Other important events today: US Trade Balance, Initial Jobless Claims and BoE’s Interest Rate Decision.

EURUSD

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell into rally in the 1.3070-1.3100 area, stop above 1.3150, target below 1.2950

EURUSD 4hrs 3-7-2013

EURUSD 4hrs 3-7-2013

 

EURJPY

Current recovery seems corrective and there’s a good change of another round of selling in the 123-124 area

Market sentiment: intraday – bullish, short-term – slightly bearish
Potential trade strategy: to sell around 123.30, stop above 124, target at 120 Continue reading

Tuesday Charts That Matter

Good morning. The euro keeps climbing higher, flirting with $1.300 on Greek optimism. Bernanke’s speech is today’s notable event

EURUSD

As seen on the chart below, there are no important barriers up to around 1.3130 which is the recent top.

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy dips at 1.2950, target at 1.3050+

EURUSD daily 11-27-2012

EURUSD daily 11-27-2012

GBPUSD

Cable is still trading within the downward channel but is now testing resistance formed by the downward trendline connecting recents highs. So the question is whether the channel will remain intact or not. A daily close above the resistance is what I’m looking for before considering a bullish position

Market sentiment: intraday – bullish, short-term – bearish
Potential trade strategy: to buy after a potential daily close above 1.6050-1.6100, target at 1.6250 Continue reading

Charts to Start the Week

Good morning. Euro holds gains and is flirting with $1.2600 since a week ago.

EURUSD

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

Potential trade strategy: to buy dips around 1.2530, stop below 1.2470, target at 1.2650

EURUSD 4hrs 9-3-2012

EURUSD 4hrs 9-3-2012

GBPUSD

Cable remains bullish after recent breakout above 1.5750 but has found resistance at 1.59 – formed by the 62% fib of the entire decline from 1.63 to 1.5260. Buying dips near support zone or on a break above the 62% are two plans to consider.

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

Potential trade strategy: to buy dips at 1.5770-1.58, target above 1.59; to buy on breach of 1.59, target at 1.61 Continue reading

Tuesday Charts 7/17/12

Good morning. Dollar is losing ground across the board as EUR recovers, testing $1.2300 a bit earlier today – on its way to $1.2400 where first important short-term resistance is seen

EURUSD

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

Potential trade strategy: to sell into rallies towards 1.2350-1.2400, targeting 1.2200 and below. Another plan, but riskier, would be to look for a buying opportunity around 1.2250, with an initial stop below 1.2200 and a target at 1.2400

eurusd 4hrs 7-17-2012

eurusd 4hrs 7-17-2012

hourly chart:

eurusd hourly 7-17-2012

eurusd hourly 7-17-2012

GBPUSD

Cable reached resistance formed by the trendline which is connecting recent tops, hence providing a potential sell opportunity

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

Potential trade strategy: to sell around resistance at 1.5650/60, with an initial target at 1.55 and a stop/reverse above resistance zone Continue reading