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All trading plans for the week are listed here with the most recent one on top.
4426
Today in the main session the GBP was weak on all pairs. There was also some USD strength and the JPY was strong on all pairs. Pairs like the GBP/JPY and GBP/USD sold off in the main session. The GBP/JPY sell off was a short term sell off against the trend, the GBP/USD is not trending so we consider this a short term sell as well. Other JPY pairs like the EUR/JPY and CHF/JPY also had short term sell signals. All of these pairs sold off but all of them could reverse back up so we would scale out lots or exit.
4425
AUD/CAD – strong downtrend in place, set sell alarm at 0.9815, next support area is 0.9650. NZD/CAD - strong downtrend in place, set sell alarm at 0.8895, no nearby support below there. Tonight in the Asian session, many GBP pairs gave off buy signals based on GBP strength and the ongoing and pending news there today for this currency. Trade with a stop on any Asian session buys due to potential high volatility. Also many JPY pairs are continuing higher so new trading plans for these pairs were not possible in this set of plans. News drivers for the upcoming main session from the CAD can be found on the news calendars. Also tomorrow is Day 1 of G20 meetings.
4424
Today in the main session the JPY was weak on all pairs. There was some CAD strength and some CHF strength in the market as well. The CAD/JPY moved higher, this pair has levels of resistance nearby so we would scale out lots and manage money/profit. The CHF/JPY also moved up and is hitting strong resistance, we would consider scaling out lots or exiting completely.
4423
AUD/JPY – strong uptrend in place, set buy alarm at 97.50, it should go back to 98.50 plus break higher. NZD/JPY – set resistance alarm at 88.00, next resistance area is around 89.50. CHF/JPY – strong uptrend is building on this pair, set buy alarm at 115.30, next resistance area is around 116.50. The GBP/JPY and USD/JPY have had strong moves up and we think they need to consolidate before planning/entering new trades. NZD/USD – strong downtrend in place, set sell alarm at 0.8075, we now think the 0.7800 support is a possible target. The EUR/USD trending down and the USD/CHF is trending up, we would like to see both pairs consolidate before planning or entering new trades. AUD/CAD – strong downtrend in place, set sell alarm at 0.9850, no nearby support below there. Wednesday after 0200 GMT check our twitter feed and blog after the plans are issued for charts that illustrate current market trends and levels. News drivers for the upcoming main session from the JPY, CHF, GBP, EUR, GBP and USD can be found on the news calendars.
4422
Today in the main session the GBP was strong on all pairs and the AUD was weak. The GBP/AUD moved up strong but this pair is inside of resistance levels so we would scale out lots or exit. Pairs like the GBP/JPY broke important resistance and this pair looks like a hold, we see no resistance at all above the current prices on this pair. News drivers for the upcoming Asian session from the NZD can be found on the news calendars. Several drivers are also pending from the USD in about 2 hours.
4421
AUD/JPY – strong uptrend in place, set price alarm at 97.55. We expect it to go back up to 98.55 resistance and continue higher. CHF/JPY – strong uptrend is building, set price alarm at 115.00. Next resistance area is 116.50. We expect the CAD/JPY, EUR/JPY and the GBP/JPY also to move higher, but all these pairs are currently in resistance layers. AUD/CAD – strong downtrend in place, set price alarm at 0.9945. Some levels of historical support below the alarm price, but the overall potential is very good. NZD/CAD – strong downtrend in place, set price alarm at 0.8955. Some levels of historical support below the alarm price, but the overall potential is very good. News drivers for the upcoming main session from the GBP(4) and USD(2) can be found on the news calendars.
4420
Today in the main session the AUD was strong and he USD was weak. The AUD/USD started moving up late in the session. This pair is in an overall down trend but is moving higher right now so we would treat this as a short term trade on the H4 time frame. Scale out lots as it moves higher. News drivers for the upcoming Asian session from the NZD can be found on the news calendars. One news driver is also pending from the CAD in about 1 hour.
4419
AUD/JPY – strong uptrend in place, this pair has sold off, we are looking for the H4 time frame to reverse back up and this pair to go back to 98.50 and continue higher. Set buy alarm at 97.10. The GBP/JPY, EUR/JPY and CHF/JPY could all sell off on the H4 time frames with good pip potential on each one. Set a price alarm at 138.45 on the EUR/JPY and 114.40 on the CHF/JPY and look for sell signals on all three. AUD/USD – this pair is trending down but we are looking for a short term reversal back up on this pair, set a buy alarm at 0.9050, the exact target is not known. EUR/USD – set resistance alarm at 1.2980, next resistance area is at 1.3150. Overall trend is down but we are looking for a short term reversal back up. EUR/AUD – this pair could sell off on the H4 time frame, set a sell alarm at 1.4295, no nearby support below there. GBP/AUD – this pair could sell off on the H4 time frame, set a sell alarm at 1.7935, no nearby support below there. Potential is excellent down to 1.7300. GBP/CAD – this pair could sell off on the H4 time frame, set a sell alarm at 1.7905, no nearby support below there. Potential is down to 1.7700 or lower. GBP/NZD – this pair could sell off on the H4 time frame, set a sell alarm at 1.9805, no nearby support below there. Potential is down to the 1.9450 area. AUD/CHF – set a resistance alarm at 0.8460 on this pair, it has overall potential back up to the 0.8725 area. News drivers for the upcoming main session from the JPY, GBP, EUR, CAD and USD can be found on the news calendars.
4418
Today in the main session we did not see any solid movements or breakouts. There were movements on the smaller time frames based on CAD and NZD strength in the early part of the main session, these pairs are retracing now. Outside of these two currencies the rest of the currency groups were mixed on the heatmap. |