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.