Tag Archives: AUDUSD

Monday Charts

Hello. The euro has climbed slowly against the dollar toward the 61.8% of 1.3415-1.2755 at 1.3160.A hint of current recovery was the two daily candles highlighted in my previous post and below. Buying on the breakout above this fib resistance is one thing to consider

Market sentiment: intraday – bullish, short-term – slightly bullish
Potential trade strategy: to buy on break of 1.3150, target at 1.3300, stop below 1.3080

EURUSD daily chart 7-22-2013

EURUSD daily chart 7-22-2013

USDJPY Continue reading

Tuesday Charts

Good morning. Dollar remains strong across the board and more gains are in the cards. The setups posted last week were quite good to grab some pips.

EURUSD

Euro remains under pressure and it seems that there’s a good chance to see a test of the trendline highlighted in the daily chart below.

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to hold short @1.3100 with stop above 1.3160+, target at 1.2900.

EURUSD daily 7-2-2013

EURUSD daily 7-2-2013

USDJPY Continue reading

Thursday Charts

Good morning. The dollar keeps rising against some of its counter parts like EUR and GBP, and there’s a good chance that it will continue to post gains. Here’s an update to the charts posted yesterday

EURUSD

61.8% fib support was breached and minor rallies toward $1.31 will provide more selling opportunities

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell at 1.3100, stop above 1.3160, target at 1.2900

EURUSD 4hrs 6-27-2013

EURUSD 4hrs 6-27-2013

AUDUSD Continue reading

Midweek Charts

I’ve taken another break from updating the blog due to limited time which caused a disconnect between me and the charts. Less time for trading means less time for writing, and I apologize to those readers who had a habit of checking this site on a regular basis. I’m going to make a few changes to see if a new schedule better fits with my day by day stuff (not trading related). For this reason, I might publish updates more often during the evening (European time).

This being said, let’s get straight to some charts.

EURUSD

Ongoing decline doesn’t seem to be over yet and there’s pressure on the 61.8% retracement value around 1.3060. That MA zone highlighted in the chart below was a good support during the uptrend and I believe that it’s still valid – but this time as a resistance layer. So either selling on a break below this 61.8% (the aggressive way) or on a pullback to 1.3100-50 area is the way to go.

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell at 1.3100-50, stop above 1.3200, target at 1.2900.

EURUSD 4hrs 6-26-2013

AUDUSD Continue reading

Tuesday Charts

Good morning. Dollar is dropping across the board along with the Japanese yen. AUDJPY is now well over the 100 mark while the USDJPY is only 1 figure away from the psychological barrier of 100. Will it get there? yes, it is only a matter of time (a few days or less).

EURUSD

EUR recovered against the dollar since my previous post. It did, however, reached my target at 1.2750 from the selling zone of 1.2850. Now I’m looking to the other side: planning to buy it

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy on break above 1.3050, stop at 1.2980, target at 1.3220
EURUSD daily 04-09-2013

 

AUDUSD 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

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

Thursday Charts

Good morning. Euro recovered some ground across the board mainly due to EURJPY rallying on prospects Japanese elections next month will result in aggressive monetary easing. USDJPY also rallied well above 80.00 – reaching levels last seen in April. There are several important economic events today, such as the US CPI, initial jobless claims and – more importantly – Bernanke’s speech.

EURUSD

Resistance at 1.2775/00 is still intact after recent test, when a reversal candle was formed

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to hold short while 1.2775/00 is intact, target at 1.2600

EURUSD hourly 11-15-2012

EURUSD hourly 11-15-2012

EURJPY

The reversal candle formed near support at 100 is the one I was waiting to see in my previous article. What happened next was an 200+ points rally.

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to hold long, target above 104 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

Charts to End the Week

Good morning. Euro continues to lose ground across the board while the dollar is strengthening, providing some good buying opportunities in several pairs. Let’s take a look at some of today’s interesting charts

EURUSD

The euro failed to hold above support region formed by the two fib lines, so it’s probably better to sell into the weakness below that support instead of holding a long position (dip bought on the correction to 1.2950 earlier this week)

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell around 1.2930, target at 1.2825

EURUSD 4hrs 10-26-2012

EURUSD 4hrs 10-26-2012

EURGBP

Selling on the breakdown below .8100 was definitely a good plan and it doesn’t look like this decline is over. Fib support formed by the 61.8% retracement value of last up leg is currently being tested. Selling on correction to .8065/70 or on break below .8020 are two plans to consider

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell on correction to .8060 or on break below .8010/20, target at .7900 Continue reading