Weekly Analysis Feb (15-20)

Weekly Analysis Feb (15-20)

AUDJPY Sold 92.33 Bought 92.83 -50 Pips

CADJPY Sold 95.20 Bought 95.70 -50 Pips



AUDJPY

The Aussie Yen has been bouncing between 92.40 Resistance and 91.80 Support for several days before our trade was executed. We anticipated a bearish Aussie for the week but unfortunately the pair broke resistance levels from its bullish rally. Our stop price was triggered to prevent any further loss as the Aussie remain bullish for the week.



Further Expectations

None.

CADJPY

The Canadian dollar has been moving alongside the price of Crude through its slippage and bouncing. We predicted a slight bounce up in crude at the beginning on this month, but we are still uncertain on how long this minor retracement will run. We are overall bearish crude and the CAD until a justifiable bottom is met with the commodity. Our stop loss was triggered from our DAILY trade to prevent any further losses.



Further Expectations

Keep a close eye of crude as we expect further bearish movements pass 92.80 Support

Weekly Analysis (Feb 8-13)

Weekly Analysis (Feb 8-13)

NO TRADES THIS WEEK.





No trades were placed this week due to the insufficient volume on the Foreign Exchange Market. The low volume (from our perspective) is a result of Greece and its political dilemma with debt from the EURO Nations and “foreign” creditors. Most of our focus, research, and development is centered around the Foreign Exchange Market. So when the FX market has low volume, our initial approach to the equity and futures markets will coincide.

Weekly Analysis Feb (1-6)

Weekly Analysis Feb (1-6)

AUDJPY Sold 92.00 Bought 90.00 | Sold 92.07 Bought 91.07

EURUSD Sold 1.1433 Bought 1.1483



AUDJPY

The Aussie started the trading week bullish around 92.00 Resistance just before the RBA interest rate statement. We shorted the Aussie around this resistance area anticipating a rate cut from the RBA. These two trades lead to over +300 plus pips of profit. Even though our daily trades are aimed to stay away from major economic decision, we’ll take profit how it comes any day.

Further Expectations

We expect further bearish movement near 90.50 Support for the week.

EURUSD

Our EURUSD daily trade was triggered around 1.1430 Resistance as the EURO continued to consolidate between 1.1450 and 1.1330 Levels for the week. Knowing this, why would we enter the trade around 1.1430 Resistance is the question, mistake, and answer we have to uphold to. The EURO continued bullish until 1.1500 Resistance before taking another dive south leaving us with a loss from our “uncompromising” stop loss rule.

Further Expectation

We expect further consolidation between 1.1500 and 1.1280 Levels for the week.

Weekly Analysis (Jan 25-30)

Weekly Analysis (Jan 25-30)

GBPJPY Sold (177.30) Bought (178.80) -150 Pips

GBPUSD Sold (1.5040) Bought (1.5140) -100 Pips

AUDJPY Sold (93.60) Bought (94.17) -57 Pips Sold (94.55) Bought (94.35) +20 Pips





GBPJPY

This Weekly Order was triggered as the GBPJPY rallied back towards 178.52 Resistance. This was definitely a bad trade stemmed from poor technical analysis on our end by not recognizing the current consolidation of this pair between 179.85 Resistance and 176.00 Support. Our stop loss was triggered around 178.80 to eliminate any further losses.

Further Expectations

No further expectations are assessed as of today.

GBPUSD

This weekly order as the (GBPJPY) was triggered as the GBP strengthened in the beginning of the week. Our anticipation was to enter around 1.5040 Resistance as the GBP would continue into a down (bearish) trend for the week. Unfortunately, the Pound held its grounds and our stop loss was executed around 1.5140 Resistance to prevent any further losses.

Further Expectations

We anticipate further consolidation between 1.5140 Resistance and 1.5040 Support before the Pound trends further south.

AUDJPY

This Weekly Trade was triggered around 93.60 Resistance anticipating further bearish movement towards 91.80 Support. The Aussie continued north triggering our stop loss as it reached 94.50 Resistance. As predicted the Aussie touched Resistance around 94.50 and continued south passing 91.80 Support for the week.



Further Expectation

Further bearish movement towards 90.50 Support for the week.