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.