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.