The Aussie Touches Major Support Levels

The Aussie touches major support levels amid interest rate decision next week.

Weekly Analysis Jan (18-23)

Weekly Analysis Jan (18-23)

EURUSD Sold (1.1550) Bought (1.6090) -50 Pips

EURJPY Sold (135.88) Bought (136.38) -50 Pips

CADJPY Sold (98.15) Bought (98.80) -65 Pips

CADJPY Sold (98.30) Bought (95.64) +265 Pips

GBPUSD Sold (1.5120) Bought (1.5170) -50 Pips



EURUSD

We took a short positon 1.18.15 anticipating the EURO will remain bearish amid the elections. Our position was countered by a small bullish rally that clocked us out at our stop around 1.6090. Even though the EURO remained bearish for the week, our daily position wasn’t fit with our strategy to hold more than our anticipated stop loss.

Further Expectations

We are bearish the EURO leading into the elections. We are expecting a bullish rally that may lead to a possible setup around 1.14250 Resistance that can trigger a short position for a longer term perspective.

***This chart was recorded on 1.23.15***

EURJPY

Our short position was entered around 135.88 anticipating a weaker EURO and a stronger YEN for the weak. An unanticipated bullish rally from the EURO led to our stop loss being triggered around 136.30 Resistance. Our position was exited to prevent any further losses.

Further Expectations

Bearish.

CADJPY

Two trades were made with the CADJPY; one Daily and another Weekly. Of course our Daily trade had a shorter term perspective that the CAD will weaken against the JPY this week. As expected, the CAD did weaken, but it trigger our shorter term stop loss on our daily trade around 98.90 Resistance. Our Weekly Trade (which has a longer term perspective) survived the rally leading us to profit around 95.60 Support. Our position was exited to protect profits and eliminate any losses.

Further Expectation

We expect a minor rally toward 95.30 Resistance before we see any further bearish movement south

                       

GBPUSD

Our expectation for the week was a stronger Dollar against the Pound. Our trade was entered around

1.5120 Resistance during a minor rally northward on 1.20.15. The rally continued northward triggering our stop loss before trending south as we expected. Our trade was exited to prevent any further losses.

Further Expectation


Bearish.

Weekly Analysis (Jan 11-16)

Weekly Analysis (Jan 11-16)

EURUSD Sold (1.1840) Bought (1.1828) +12 Pips; Sold (1.1837) Bought (1.1776) +61 Pips; Sold (1.1790) Bought (1,1772) +18 Pips; Sold (1.1792) Bought (1.1765) +27 Pips; Sold (1.1790) Bought (1.1839) -49 Pips

GBPUSD Sold (1.5157) Bought (1.5155) +2 Pips; Sold (1.5141) Bought (1.5192) -51 Pips

CADJPY Sold (99.20) Sold (98.20) +100 Pips; Sold (97.45) Bought (97.08) +37 Pips; Sold (97.50) Bought (98.00) -50 Pips

EURJPY Sold (140.40) Bought (139.99) +101 Pips; Sold (134.96) Bought (134.94) +2 Pips

AUDJPY Sold (96.30) Bought (95.29) +101 Pips; Sold (96.00) Bought (96.50)-50 Pips



EURUSD/EURJPY

Our overall technical and sentimental analysis has been bearish for the EURO across the board. Amid the ECB’s meeting on Jan 22 and the SNB’s meeting around that time, all our trades have been daily orders anticipating heavy volatility in the market. With the current decision from the SNB to unpeg its currency with the EURO, we expect even more volatility heading towards next week’s meetings.

Further Analysis

Bearish.

GBPUSD

Our anticipation is to expect a stronger dollar (USD) as the market scrambles for “havens”. Leading into next week’s market, our analysis is quite ambiguous given that GOLD has a strong possibility to rise from the SNB’s decision last week. Even though our profit targets were not hit with these trades, all loses were cut short to protect profits and minimize and further losses.

Further Analysis

Undecided.

CADJPY

Compared to weak CAD with the falling price of Crude and a stronger YEN, our approach has been bearish towards the CADJPY. We expect further movement towards 96.00 Support as the market opens up next week.

Further Expectation

Bearish.

AUDJPY

The Aussie is still bearish on our charts in addition to the AUDCHF last week’s drop. We expect a stronger YEN as the market opens up next week. The AUDJPY has been drilling at 95.60 Support since December. Despite and retracements near 97.00 Resistance, we expect 95.60 support to become 95.60 Resistance.

Further Expectation

Bearish.

The AUDJPY is Hammering at a Key Support Level

Weekly Analysis (Jan 4-9)

Weekly Analysis (Jan 4-9)

EURUSD  Sold (1.1942) Bought (1.1840) +102 Pips


EURUSD

Our position(s) in the EURUSD are daily trades until we are satisfied with a proper setup that will meet our risk/reward ratio to hold for a longer term. This trade was entered on Jan 4 as the EURUSD started the week in a bearish trend. The EURO is ultimately bearish, but our analysis and daily positions are anticipating minor retracements (reversals) along the way. This trade was closed at +100 pips for the week to protect profit and eliminate any loss.


Further Expectations:

We expect minor reversals northward (bullish) as the Euro nears parity with the dollar. We don't have an expected time frame to how bearish the EURUSD will be towards parity, but our analysis show us that we are still in a bearish trend regardless of any retracements northward.

***This chart was recorded on 1.7.15***

Weekly Analysis (Dec 28- Jan 2)

Weekly Analysis (Dec 28-Jan 2)

EURUSD Sold 1.2175 Bought 1.2150 +25 Pips

EURUSD Sold 1.2175 Bought 1.2157 +18 Pips



EURUSD

These two trades were intended to be short-term due to the low volume during the holidays. 1.2175 Resistance was the sell entry point where we decided to place our bets. Even though we gained 43 Pips from these two trades, the EURUSD continued to move south after the New Year.

Further Expectations



Bearish.