Tag Archives: EURAUD

Thursday Charts

Good morning. The euro recovered across the board but pulled back against the dollar yesterday, so the question now is whether current decline is corrective or not. Let’s take a look at a few interesting charts

EURUSD

Yesterday’s decline suggests that Euro’s recovery is corrective. See the daily chart below.

Market sentiment: intraday – bearish, short-term – slightly bullish
Potential trade strategy: to sell on rally to 1.3100, stop above 1.3170, target at 1.2850

EURUSD daily 4-18-2013

EURUSD daily 4-18-2013

Here’s the 4-hrs chart, where I highlighted the dynamic resistance range formed by the moving average lines. As long as it holds below 1.31, downside is favored  Continue reading

Charts to End the Week

Good morning. Dollar weakened across the board against most counter-parts, except JPY, as the Fed announced a new round of quantitative easing. Here’s what’s worth a look today

EURUSD

Buying on break of 1.3015/30 was a good idea, as EUR keeps climbing and is now flirting with resistance around 1.3100. Upside remains favored for now

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy dips on pullback to 1.3050, target at 1.3150

EURUSD hourly 12-14-2012

EURUSD hourly 12-14-2012

Resistance around 1.3100 is more visible on the daily chart:

EURUSD daily 12-14-2012

EURUSD daily 12-14-2012

USDJPY

Yen continues to lose ground across the board and the dollar is approaching resistance around 84.30 against it.

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to hold long, target at 84.50

USDJPY weekly 12-14-2012

USDJPY weekly 12-14-2012

Notice immediate support levels on the 4hrs chart:

USDJPY 4hrs 12-14-2012

USDJPY 4hrs 12-14-2012

NZDUSD

The kiwi dollar continues to push to the upside but it’s probably time for a correction soon. In that case, buying dips around recent support is a plan to consider

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy dips in the .8320 area, stop below .8260, target at .8420

NZDUSD daily 12-14-2012

NZDUSD daily 12-14-2012

EURAUD

Trenline support is still intact after recent test and my plan to sell on pullback to 1.2350 was a bad idea. However, I’m still looking to sell, but this time I rather do it on the breakdown below highlighted trendline

Market sentiment: intraday – slightly bullish, short-term – bearish
Potential trade strategy: to sell on break below 1.2300, target at 1.200

EURAUD daily 12-14-2012

EURAUD daily 12-14-2012

GBPAUD

Horizontal support around 1.5270 still holds, but I don’t “trust” it much, so I’d rather sell on breakdown

Market sentiment: intraday – bearish, short-term – bearish
Potential trade strategy: to sell on break below 1.5270, stop above 1.5330, target at 1.5170

GBPAUD 4hrs 12-14-2012

GBPAUD 4hrs 12-14-2012

have a great weekend!

Midweek Charts to Watch

Good morning. I’ve been away for a while, but looking at current charts, it doesn’t seem that I missed anything interesting. Let’s take a closer look at today’s charts to see if there are any good trading opportunities.

EURUSD

EUR looks bullish against the USD on both intraday and short-term basis, so buying dips in case of a correction to 1.2950 or buying on the break of 1.3000/15 intraday resistance are two plans to consider. Maybe today’s Bernanke’s speech will be the catalyst fueling a dollar decline?

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy dips on pullback to 1.2950, target at 1.3050+. Second plan is to buy on rally above 1.3015/30, target at 1.3100

EURUSD daily 12-12-2012

EURUSD daily 12-12-2012

hourly chart: 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 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

Tuesday Charts 5/29/12

A lie gets halfway around the world before the truth has a chance to get its pants on. ~ Winston Churchill

Good morning. Euro remains under pressure, but still holds above $1.2500 support. Dollar maintains bullish trend while above support layer formed by the two horizontal lines seen below

USD Index

USD Index Daily 5-29-2012

USD Index Daily 5-29-2012

 S&P500

Recovery fails to impress so far. And that’s totally understandable – as world markets are fully correlated.

SPX Chart Daily -29-2012

SPX Chart Daily -29-2012

EURUSD

Former support at 1.2620 has been breached and is now providing resistance. Selling into (modest) rallies is probably the best thing to do

EURUSD Chart Daily 5-29-2012

EURUSD Chart Daily 5-29-2012

Same resistance level at 1.2600/20 is easy to spot on hourly chart

EURUSD Chart Hourly 5-29-2012

EURUSD Chart Hourly 5-29-2012

USDCHF

Breakout underway – yesterday’s small correction was short-lived. I’m expecting more upside action

USDHCF Chart Daily 5-29-2012

USDHCF Chart Daily 5-29-2012

NZDUSD

Resistance around .7670 is again in focus as NZD recovers some ground following AUDJPY, but remains bearish on a larger-time frame ( >=1D )

USDNZD Chart 4hrs 5-29-2012

USDNZD Chart 4hrs 5-29-2012

USDCAD

Support is under pressure at time of writing and there’s a good chance that correction is about to extend lower, towards 1.0150

USDCAD Chart 4hrs 5-29-2012

USDCAD Chart 4hrs 5-29-2012

AUDNZD

1.300/30 was a tough barrier and it doesn’t seem that current decline is over. AUD found some bids at 1.29 but they’re weak, so it’s best to keep an eye on this support level as a breakdown could be just around the corner

AUDNZD Chart Daily 5-29-2012

AUDNZD Chart Daily 5-29-2012

Silver

28.80/00 under pressure… makes sense to buy on break

Silver Chart daily 5-29-2012

Silver Chart daily 5-29-2012

EURAUD

Now that range’s support at 1.2780 was breached, it’s definitely not a good intention to catch a falling knife but rather wait for a correction and join the bears

EURAUD Chart 4hrs 5-29-2012

EURAUD Chart 4hrs 5-29-2012

have a great day

Charts to End the Week 5/25/12

In these days, a man who says a thing cannot be done is quite apt to be interrupted by some idiot doing it. ~ Elbert Hubbard

Good morning. The euro continues decline, being set for the biggest weekly loss this year, while the dollar is testing fresh highs – after a minor correction from 81.70 to 81.

USD Index

Dollar Index Daily 5-25-2012

Dollar Index Daily 5-25-2012

S&P500

Psychological barrier at 1300 remains intact and seems rather strong so far, hence I believe that a correction towards 1340 is likely

SPX Chart Daily 5-25-2012

SPX Chart Daily 5-25-2012

EURUSD

New resistance is now formed at 1.2600/25 as seen below. Continue reading

Dollar Pulls Back After Strong Rally, Euro Recovers but Remains Under Pressure

Differences challenge assumptions. ~ Anne Wilson Schaef

Good morning folks. Not much is changed since yesterday across the charts, as EUR maintains a bid tone for now – but there’s a good change that current recovery is only a (much needed) correction. Hourly charts already show signs of exhaustion, but more notable resistance is a bit higher – at $1.2900 and $1.300.

USD Index

Still in correction zone – lowest level “allowed” before turning bearish (short-term basis) is 80.50. Below that, it won’t look like a correction anymore

USD Index Daily 5-22-2012

USD Index Daily 5-22-2012

S&P500

1300 provided support. After such a strong decline, a correction to 1340 is rather likely

SPX Chart Daily 5-22-2012

SPX Chart Daily 5-22-2012

EURUSD

Thinking of how many short bets are active, there comes a sudden urge to expect something – and that’s a short squeeze. I remain bearish on EURUSD on short-term basis as long as resistance lines at 1.29 and 1.30 are intact

EURUSD Chart 4hrs 5-22-2012

EURUSD Chart 4hrs 5-22-2012

USDCHF

Time to keep an eye on support zone between .9300 and .9350 as the dollar is pulling back after such a strong rally.

USDCHF Chart Daily 5-22-2012

USDCHF Chart Daily 5-22-2012

NZDUSD

Not trying to catch a falling knife in risk-off trade, but buying on the break of .7680/00 is tempting

NZDUSD Chart 4hrs 5-22-2012

NZDUSD Chart 4hrs 5-22-2012

USDCAD

There’s a strong bearish signal formed yesterday, so buyers better be careful as there’s some more room to the downside until support will be tested, eventually

USDCAD Chart Daily 5-22-2012

USDCAD Chart Daily 5-22-2012

AUDNZD

I remain bullish on AUDNZD, keeping an eye on 1.3050 while it’s not far from here. Support zone is intact and this is probably a correction

AUDNZD Chart Daily 5-22-2012

AUDNZD Chart Daily 5-22-2012

EURAUD

Support zone around former resistance is under high pressure today, but overall trend is still intact & strong (see 2nd chart below)

EURAUD Chart 4hrs 5-22-2012

EURAUD Chart 4hrs 5-22-2012

EURAUD Chart Daily 5-22-2012

EURAUD Chart Daily 5-22-2012

GBPUSD

Same as NZDUSD – it is rather tempting to look for a buying opportunity on rally above current intra-day top zone

GBPUSD Chart 4hrs 5-22-2012

GBPUSD Chart 4hrs 5-22-2012

have a great day!

Charts to Start the Week 5/21/12

Nobody can be so amusingly arrogant as a young man who has just discovered an old idea and thinks it is his own. ~ Sydney J. Harris

Good morning. The dollar tested last year’s top as euro continues to tumble amid Greece exit worries. Euro’s recovery on Friday seems rather corrective and sellers are probably waiting in line at 1.2900 and around 1.300, which are better selling levels.

USD Index

The dollar index reached a high above last year’s top, testing January’s resistance – as seen below.

USD Index Weekly 5-21-2012

USD Index Weekly 5-21-2012

Support zone starts between 80 and 80.50.

USD Index Daily 5-21-2012

USD Index Daily 5-21-2012

S&P500

Next important support to keep an eye on, formed by 2012’s opening price, is best seen on the weekly chart

SPX Chart Weekly 5-21-2012

SPX Chart Weekly 5-21-2012

EURUSD

Friday’s reversal candle formed around support zone suggests that a recovery is due, but there’s much selling pressure just around the corner, so rallies are likely to be sold

EURUSD Chart Daily 5-21-2012

EURUSD Chart Daily 5-21-2012

4hrs chart becomes slightly bullish but corrections are normal after strong declines

EURUSD Chart 4hrs 5-21-2012

EURUSD Chart 4hrs 5-21-2012

AUDNZD

waiting for an exit out of consolidation range between 1.2790 and 1.2850 was worth it – as AUD rallied up to 1.3040 very fast after the breakout

AUDNZD Chart Daily 5-21-2012

AUDNZD Chart Daily 5-21-2012

USDCHF

Here is another nice breakout, highlighted a week ago. Perhaps correction will continue, targeting support at .9300, but overall sentiment remains bullish

USDCHF Chart Daily 5-21-2012

USDCHF Chart Daily 5-21-2012

EURAUD

In case of pullback, 1.2890/00 is where to expect support

EURAUD Chart Daily 5-21-2012

EURAUD Chart Daily 5-21-2012

USDCAD

Strong resistance around 1.0030 was finally breached, and next barrier is seen at 1.0300. Interim support is formed around 1.0100

USDCAD Chart Daily 5-21-2012

USDCAD Chart Daily 5-21-2012

GBPUSD

Cable followed EUR and declined well below short-term support levels at 1.6050 and 1.5950 – which is a key interim resistance now

GBPUSD Chart Daily 5-21-2012

GBPUSD Chart Daily 5-21-2012

have a great day

Charts to Start the Week 5/14/12

Whatever begins, also ends. ~ Seneca

Good morning. Euro opened lower today as fear of Greece leaving euro-zone grows. Dollar trades higher against most counterparts and the dollar index is testing March’s top, as seen below

USD Index

USD Index Daily 5-14-2012

USD Index Daily 5-14-2012

 S&P500

There’s no sign of relief yet and I, for one, remain bearish until price returs above 1.375/80. Selling into rallies is still a good plan Continue reading