Tag Archives: NZDUSD

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 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

Charts to Start the Week

Good morning. Euro rallied but faced resistance after Friday’s NFP data release, which came at 114k vs. consensus of 113k. The unemployment rate dropped to 7.8%, fueling the conspiracy theories that the number was fake in order to aid President Obama’s re-election.

EURUSD

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

Potential trade strategy: to buy dips at 1.2950, target at 1.3050

EURUSD 4hrs 10-8-2012

EURUSD 4hrs 10-8-2012

EURJPY

The Japanese yen is strengthening across the board and there’s a good chance that support at 101 will be in focus soon

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

Potential trade strategy: to buy dips at 101.10, target at 102 Continue reading

Charts to End the Week: NFP Day is Here

Good morning. Euro climbed higher against the US dollar after ECB’s Draghi comments on preserving euro. The market is currently quiet – awaiting NFP later today.

EURUSD

My previous plan to sell into rally to 1.29 wasn’t the best idea, so I’m rather looking for buying opportunities now that resistance at 1.2900 was breached

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

Potential trade strategy: to buy dips at 1.2950, target at 1.3050

EURUSD 4hrs 10-5-2012

EURUSD 4hrs 10-5-2012

GBPAUD

GBP holds gains and it seems there’s only one way it can go: upwards

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

Potential trade strategy: to hold long while above 1.5600, short-term target at 1.6 Continue reading

Midweek Charts That Matter

Good morning. Euro is trading sideways against the dollar ahead of tomorrow’s ECB meeting. Risk-sensitive pairs such as AUDUSD and NZDUSD are losing ground, testing short-term support.

EURUSD

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

Potential trade strategy: to sell around 1.2900, target at 1.2800

EURUSD 4hrs 10-3-2012

EURUSD 4hrs 10-3-2012

GBPAUD

GBP is rallying after the nice breakout above 1.5600. Next target is at 1.6

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

Potential trade strategy: to hold long while above 1.5600, short-term target at 1.6 Continue reading

Charts to Start the Week

Good morning. The euro is retesting support formed by the fib range between 1.2770 and 1.2840, after a failed attempt to recover above 1.29 on Friday. Some of the most important economic events this week are: Bernanke’s speech later today, ECB’s rate decision on Thursday and the NFP on Friday.

EURUSD

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

Potential trade strategy: none

EURUSD 4hrs 10-1-2012

EURUSD 4hrs 10-1-2012

GBPAUD

Resistance around 1.5600 is again under pressure after a weak pullback on Friday which rather confirms current bullish sentiment.

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

Potential trade strategy: to buy on breakout above 1.5600, short-term target at 1.6 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