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.