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

Support in the 1.0330-1.0360 range held and Aussie bounced back toward resistance seen at 1.0500, which I expect to stay intact for a while

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to sell on rally to 1.0500, stop at 1.0560, target at 1.0400

AUDUSD 4hrs 4-9-2013

AUDJPY

There were almost no retracements since this crazy rally started at 119. In case a correction is now due, 127 is where to look for new buying opportunities, then 126 lower

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy dips at 127, stop below 125.70, target at 131

EURJPY 4hrs 4-9-2013

USDCAD

USD is losing ground against the CAD and I think that the downtrend will continue for some time

Market sentiment: intraday – mixed, short-term – bearish
Potential trade strategy: to sell around 1.0190, stop above 1.0240, target at 1.000

USDCAD daily 4-9-2013

have a good day

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