Weekly Analysis (Dec 21-26)

Weekly Analysis (Dec 21-26)

EURUSD Sold (1.2235) Bought (1.2173) +62 Pips

AUDUSD Sold (.8138) Bought (.8107) +31 Pips




EURUSD

The EURO fundamentally and technically has been weaker than the dollar since March of 2014. So every position we are interested in has to be “SHORT”, no matter how the setup looks. This trade was entered on a declining EURO with the anticipation of clocking in and out as the trend continued downward. At the end of our trading day, our goals wasn’t met so we closed out to protect profits and minimize any loss.

Further Expectation:

We expect a bearish EURUSD as we move into the new year.

AUDUSD

The AUDUSD has been on our “SHORT LIST” since breaking key support at .8700. This trade was on the brink of tapping .8100 Support 12/22/2014. As the setup presented itself, we entered on a small retracement at .8140 Resistance as the currency pair continued to fall south. At the end of the trading day, the trade was closed out to protect profit and minimize any loss.

Further Expectation

No further expectation at the moment.

Weekly Analysis (Dec 14-19)

Weekly Analysis (Dec 14-19) +67 Pips

CADJPY Sold (102.72) Bought (102.39) +33 Pips

CADJPY Sold (102.90) Bought (102.39) +51 Pips

CADJPY Sold (100.50) Bought (101.15) -65 Pips

USDJPY Sold 116.72 Bought (117.16) -44 Pips

NZDJPY Sold (91.06) Bought (91.60) -54 Pips

USDJPY Sold (117.50) Bought (116.40) +110 Pips

AUDUSD Sold (.8180) Bought (.8144) +36


CADJPY

The CADJPY has been battling falling oil prices and a strengthening YEN for several weeks now. Our bearish sentiment and technical resulted in 2 successful trades and 1 unsuccessful. Our unsuccessful trade entry was entered during a bullish rally 12/16/2014 bouncing from 99.20 Support. The CADJPY has been bullish since this rally leading into U.S interest rates. Our Stop loss was hit at 101.15 exiting us from the trade to protect profits and minimize any further loss.

Further Expectations:

We expect further bearish tendencies in the CADJPY near 99.20 Support leading into the New Year.

USDJPY

The USDJPY has been bearish since 12/8/2014 mainly from a strengthening YEN. This bearish tendency lead to 1 successful trade and 1 unsuccessful trade. Our unsuccessful trade was entered during a bullish rally on 12/16/2014. The USDJPY triggered our stop loss around 117.20 as it continued further north towards 117.50 Resistance in which we re-entered the trade to ride it back down to 116.50 Support. This trade led to +110 Pips in which we exited to protect profits and minimize and loss.

Further Expectations:

No further expectations as of 12/21/2014.





NZDJPY

This trade was entered as the other two above on a 12/18/2014 bullish rally. However, this was a bad trade because it was entered on pure emotion without any previous technical analysis. Our stop loss was entered at 91.60 Resistance to minimize any further loss.



Further Expectations:

No further expectations as of 12/18/2014



AUDUSD

The AUDUSD has bearish since September from a strengthening dollar (USD) and bearish movements from the Aussie. Our decision to enter only in daily trades is from our anticipation of a weaker dollar. This trade was exited leaving us with a +35 pip gain to protect daily profits and minimize and loss.

Further Expectations:


We expect further bearish tendencies as we anticipate a correction in the dollar’s strength.

AUDJPY Touches Major Support

The AUDJPY touches major support at 95.70. The #Aussie has been weak across the board this week battling a strengthening Yen this month.

We expect a correction towards 98.00 Resistance if the pair remains bullish. If the Aussie remains weak or if the YEN continues to get stronger, we can find further movement toward 94.00 Support downward.

Weekly Analysis (Dec 7-12)

Weekly Analysis (Dec 7-12) -143 Pips

AUDJPY Bought (100.49) Sold (99.32) -117 Pips

NZDUSD Sold (.7680) Bought (.7729) -49 Pips

USDCHF Sold (.9675) Bought (.9652) +23 Pips


AUDJPY

This trade was intended to be a buy and hold for at least a month. After holding on to this trade for a week, a strong YEN drove this pair downward toward my stop loss. After bouncing off support near my stop loss, I decided to close to the trade and take the loss.

Further Expectations:

We expect a strong YEN around the board leading into the New Year. The Aussie has been quite bearish this month which give us the notion that we will see further bearish tendencies from the AUDJPY.

NZDUSD

We were expecting further bearish movement from the NZDUSD amid interest rates. After triggering our entry order near .7680 Resistance, the NZDUSD continued north triggering our stop loss near the next resistance level.

Further Expectations:

No further analysis has been conducted as of yet.

USDCHF

This was an intraday trade catching a bearish USDCHF (DAILY) rallying upward toward .9680 Resistance. Our intention was to scalping between .9680 Resistance and .9650 Support. After correcting itself, the USDCHF continue bearish for the day leaving us to close the trade to protect profit and minimize and loss.

Further Expectation:

We expect further consolidation around .9680 Resistance and .9620 Support before any major movement in the near future.

NZDUSD Breaks Key Support Level Amid Interest Rate Decision (12.8.14)

Weekly Analysis (Nov 30- Dec 6)

Weekly Analysis (Nov 30-Dec 5)

GBPUSD Sold (1.5747) Bought (1.5744) (+3 Pips)

AUDUSD Sold (.8423) Bought (.8383) (+40 Pips)

CADJPY Bought (105.20) Sold (105.23) (+3 Pips)

EURUSD Sold (1.2422) Bought (1.2378) (+44)

USDJPY Bought (119.63) Sold (119.74) (+11)

***Key NOTE: All trade limits have not been met recently. Our perspective is that the market is a will soon be corrected (or move toward a major retracement) based on current economic conditions and circumstances***

GBPUSD - Our entry target was placed around 1.5744 (Daily Resistance). After entry, the GBPUSD consolidated further leading us to exit the trade to protect profit. After the consolidation, the GBPUSD remained BEARISH leading towards (1.5580) Support.

Further Expectation: We expect further consolidation within (1.5771) Resistance and (1.5580) Support. The GBPUSD is pressing against oversold levels battling a strong USD, which leads us to continue selling short-term anticipating a reversal in trend.

AUDUSD – Our daily stop limit was not met with this trade, but we did acquire around +40 Pips from this short-term trade. The AUDUSD has been bearish contributing to gold and a strong USD, but our goal is to invest short-term being cautious of price action short-term and potentially attributing to a mid/long term perspective. The AUDUSD continued to drop further after our exit to protect profit and limit loss.

Further Expectation: We expect further bearish movement short-term for the AUDUSD with caution towards minor retracements in price action.

CADJPY – The CADJPY has been undeniably bullish despite recent oil decisions and data from Canada. Our entry target was meet for a DAILY position for the CADJPY. After our expectations for the DAY was not met, we immediately exited the trade protecting profits and eliminating any loss.

Further Expectation: We expect further movement towards (107.50) Resistance before any further analysis on the currency and its price action.

EURUSD- This trade was place immediately after Draghi’s speech Thursday. Our entry and expectations have been bearish, and since our entry was not met, this brief retracement lead us to enter short term with the anticipation of scalping this pair downward. Our trade lead us to a +44 Pip Gain even though the currency pair corrected itself further bearishly

Further Expectation: We expect further Bearish tendencies from the EURUSD short, mid, and long term.

                           

USDJPY – This trade was entered on a minor retracement “South” of the “Border”. After further bearish tendencies before bouncing back from support, Our intra-day trade was exited to protect profit and minimize loss.



Further Expectation: We expect further bullish movement “North” short/mid term before any retracement.

Weekly Analysis ( Nov 23-28)

Weekly Analysis ( Nov 23- Nov 28)

USDCHF (+21 Pips) Bought (0.9634) Sold (0.9655)

EURUSD (+36) Sold (1.2476) Bought Out (1.2440)



USDCHF (Undecided)

USDCHF’s was placed as a daily trade after the “holiday consolidation” following a perfect bullish setup. The entry trade was actually placed a couple hours before the opening of the U.S market right after major economic data from Switzerland (KOF Leading Indicator from November). Even though figures came out lower than expectations, the USDCHF retraced several hours after triggering my entry trade near recent support levels (.9630). The USDCHF ha not strengthened enough to past (.9738) resistance levels this MONTH which lead me to conclude that this trade had to be closed short term at the nearest (most recent) resistance level (.9650).

Further Expectations:

No Further Expectations are assessed. Our only objective is to let the market tells the story whether is this trade will continue bullish or bearish despite its long term view….

EURUSD (Bearish)

Our EURUSD trade was triggered after economic data from the Euro Zone (Consumer Price Index and Unemployment Data). Even though figures came out as expected, the EURUSD managed to retrace and then continue upon its bearish trend. Even though this currency pair is projected to decline more this year, our daily trade was clocked at the nearest support area (1.2476) to protect profit and minimize loss.



Further Expectations:

We expect further bearish movements with slight retracements upwards for the rest of this year.

Crude, CAD, Charts, and Chances

Opec's Decision has Energy Producers on crutches, but how long will this last before we see some resistance...?....Long-term...short-term...?

Check out this article from Bloomberg with the latest news...

http://www.bloomberg.com/news/2014-11-27/opec-leaves-output-ceiling-unchanged-at-30-million-barrels.html


The CAD (Canadian Dollar) has weaken as a major player from this latest decision despite its current account statistics.

USDCHF 11.25.14 Snapshot (Potential Setup)

USDCHF is heading towards a key support area which  could leading to a potential setup for the bulls...

EURUSD Snapshot (11.25.14)

US Economic Data could drive the EURUSD into some resistance.

Weekly Analysis (Nov 16-21)

 


Weekly Analysis (Nov 16-Nov 21):

USDJPY (+160 Pips) Bought 116.49 | Sold 118.10

GBPUSD (+15 Pips) Sold 1.5660 | Bought 1.5645

AUDJPY (+13 Pips) Bought 101.49 | Sold 101.62

CHFJPY (-10 Pips) Bought 123.43 | 123.33

EURUSD (+92 Pips) Sold 1.2560| Bought 1.2489



USDJPY (Bullish)

Purchased this currency on a retracement at 116.50 Support Level as it was bouncing from the 116.65 Resistance level after US trading hours. The USD clearly has been bullish since August while recent monetary adjustments to increase stimulus from the BOJ has weaken the Yen across the board. Economic Data from the BOJ along with its interest rate statement for this month really didn’t affect the overall Bullish Trend for the USDJPY. Stop Limit levels where placed around 118.10 Resistance level to protect profit and minimize any loss.

Further Expectations:

We expect this overall trend for the USDJPY to remain bullish despite any minor retracements as of Friday toward the next 119.60 Resistance Levels.

GBPUSD (Bearish)

Shorted this currency around 1.5660 Resistance Levels after US and UK trading hours 11/18/2014. The GBPUSD remained bearish as we expected until it reached 1.5620 | 1.5600 Support Levels as it rallied off the BOE MPC Vote Hike/Cut/Unchanged Economic Data. The GBPUSD rallied bullishly after finding resistance around 1.5720 Resistance Levels leading it back to the 1.5660 Support/Resistance levels where orders were closed to eliminate any further loss.

Further Expectations:

We expect further consolidation around 1.5720 Resistance | 1.5615 Support Levels before any further push below 1.5580 Support Level.

AUDJPY (Bullish)

Purchased around 101.50 Support Levels from our technical analysis from its previous bullish tendencies and the Yen’s weakness across the board. After consolidating between 102.20 Resistance and 101.50 Support, the trade was closed to protect profit and minimize any loss from our previous analysis. The AUD/JPY rallied as of 11/21/2014 as we expected to 102.60 Resistance touching new highs as of 2014 from 2013 Resistance levels.

Further Expectations:

No further expectations have been assessed. We await next trading hours to let the market tell the story.

CHFJPY (Bullish)

Bad Trade….period. No technical assessment or analysis was done before the trade was placed (Lesson #346)

Further Expectations:

No further expectations have been assessed. We await next trading hours to let the market tell the story.

EURUSD (Bearish)

Shorted this currency as it approached 1.2560 Resistance Levels. The Euro has been weakening against the dollar since May. The Bears rallied after the ECB Draghi’s speech 11/21/2014. The trade was closed at 1.2485 Support Levels as it rallied further passed 1.2460 Support.

Further Expectations:

We expected a minor rally to 1.2460 Resistance /Support Levels before further bearish movement down to 1.2200 Support Levels going into next month.