Last week the USD broke the 8200 level after testing it a few times.
This week I expect the USD to retest the 8200 level as a resistance before falling further.
For the FX majors, I expect
1) EUR/USD to retrace to 1.318 before attempting any longs to follow the trend
2) GBP/USD to retrace to 1.53 before attempting any longs to follow the trend
3) AUD/USD remains range bound between 0.900 to 0.935. Will have to be careful if the range is broken.
4) USD/JPY to fall further to between 97.0 - 97.5 level.
5) USD/CHF remains supported by the Fib786 at around 0.925.
Volatile week ahead with US Q2 GDP and NFP data coming.
Good luck and be safe.
Showing posts with label Aud/Usd. Show all posts
Showing posts with label Aud/Usd. Show all posts
Monday, 29 July 2013
Sunday, 21 July 2013
Notes for FX Majors for Week 220713 - 260713
- Could be potentially have a short-term upside for both EU and GU to test 1.32 and 1.53 respectively before falling.
- As for AU, it is most likely to be falling to retest the support of around 0.9 level. It remains range bound and resisted by the falling channel.
- USD/JPY, it seems like more upside is coming. However, how the election results will affect the Japanese Yen is still a mystery.
- For the Dollar against the Swiss Franc, it definitely looks like it will be heading down in the short-term to test the level of around 0.935. On the mid-term, Usd/chf looks like it will move up higher.
** The US Dollar Index do looks like it will move lower to test the 82.00 level. So the views above for EU, GU and UC are pretty much in line.
- As for AU, it is most likely to be falling to retest the support of around 0.9 level. It remains range bound and resisted by the falling channel.
- USD/JPY, it seems like more upside is coming. However, how the election results will affect the Japanese Yen is still a mystery.
- For the Dollar against the Swiss Franc, it definitely looks like it will be heading down in the short-term to test the level of around 0.935. On the mid-term, Usd/chf looks like it will move up higher.
** The US Dollar Index do looks like it will move lower to test the 82.00 level. So the views above for EU, GU and UC are pretty much in line.
Saturday, 27 April 2013
Key notes for up coming week of 29/04/13 - 3/05/13
Hi all,
Do take note of the labour day on Wednesday. So if you're are Singapore stocks trader, maybe you would wan to reduce your trading sizes. Personally, I feel that a mid-week holiday is not good for trading.
I know I have been forex bias in my posting. So I decided to post some views on the Singapore stock market.
STI - It broke out of the recent peak of 3330 and managed to closed above it. However, the price target of 3353 is met, so any upside could still be limited. In order for STI to go higher, Singapore markets might look at the Shanghai Stock Exchange (SSE). So for now, I would not suggest buying any blue chips counters.
As for pennies, I do not really study them, so I cannot really advise on them.
SSE - I remain bullish on this index in the short to medium term. SSE managed to hold well at current levels despite the negative numbers coming out from China. SSE is currently at the 200MA again. If this breaks, the next support will be 2140 as per mentioned in my previous post.
US Dollar - US dollar could be heading south in the short-term but in the longer term I still remain bullish. There numerous reasons such as the removal of QE or even increase of interest rates should the US economy improve but these monetary policies would not be implemented unless there are significant progress in the economy. US economy is still pretty much affected by the instability of the Europe economy especially when the numbers for Germany economy is not so good.
Currency Pairs
EUR/USD - Uncertain.
GBP/USD - Should be heading higher and hitting around 1.56 area.
AUD/USD - Short-term wise could be heading downwards, but still remain rangebound so could rise back to 1.05 area again.
USD/CHF - Short-term downside but will be rising to hit 0.95 area.
Yen pairs - All are consolidating.
I didn't have time to post charts. Hope you all understand. Will do the charts once I have a break which will be after my exams (After June).
Good luck in all your trading.
Do take note of the labour day on Wednesday. So if you're are Singapore stocks trader, maybe you would wan to reduce your trading sizes. Personally, I feel that a mid-week holiday is not good for trading.
I know I have been forex bias in my posting. So I decided to post some views on the Singapore stock market.
STI - It broke out of the recent peak of 3330 and managed to closed above it. However, the price target of 3353 is met, so any upside could still be limited. In order for STI to go higher, Singapore markets might look at the Shanghai Stock Exchange (SSE). So for now, I would not suggest buying any blue chips counters.
As for pennies, I do not really study them, so I cannot really advise on them.
SSE - I remain bullish on this index in the short to medium term. SSE managed to hold well at current levels despite the negative numbers coming out from China. SSE is currently at the 200MA again. If this breaks, the next support will be 2140 as per mentioned in my previous post.
US Dollar - US dollar could be heading south in the short-term but in the longer term I still remain bullish. There numerous reasons such as the removal of QE or even increase of interest rates should the US economy improve but these monetary policies would not be implemented unless there are significant progress in the economy. US economy is still pretty much affected by the instability of the Europe economy especially when the numbers for Germany economy is not so good.
Currency Pairs
EUR/USD - Uncertain.
GBP/USD - Should be heading higher and hitting around 1.56 area.
AUD/USD - Short-term wise could be heading downwards, but still remain rangebound so could rise back to 1.05 area again.
USD/CHF - Short-term downside but will be rising to hit 0.95 area.
Yen pairs - All are consolidating.
I didn't have time to post charts. Hope you all understand. Will do the charts once I have a break which will be after my exams (After June).
Good luck in all your trading.
Wednesday, 20 February 2013
AUD/USD bearish pattern
But looks like AU is deemed to turn lower.
Friday, 18 January 2013
Monday, 7 January 2013
AUD/USD bearish gartley
AUD/USD
So the probability of this trade is high and the stop is small.
Sunday, 16 December 2012
Bearish Bat for AUD/USD on 4HR
I have been learning harmonics to further enhance my strategies and reduce the time required on the screen.
Do note that it is advised to reduce your trading size by 1/2 unless the 60pips loss is within 3% of your capital.
*Subscription for my FX report has ended.
*I know alot readers are interested in the STI counters report. I will post for subscription for STI counters in the near future once I am able to manage my time better.
And those who subscribed to my FX report, I have sent out for this weekend already. Those who have subscribed but did not receive it, please let me know.
Thank you all for consistently supporting me. :D
Wednesday, 3 October 2012
AU 1HR (Educational)
This is a classic trade and opportunity when something "bad" comes out from the Central Banks or any monetary authorities.
AUD/USD
AUD/USD
This classic pattern repeat itselfs for many times before. So next time watch for it. :)
Friday, 24 August 2012
Aud/Usd at strong suppoort.
AUD/USD 4HR
I post a 4hr chart is easier to show how the trend is moving.
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