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.