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.