All trading plans for the week are listed here with most recent one on top.
4456
Please note: Monday is a US bank Holiday, no trading plans will be issued Sunday night or Monday morning USA time, trading plans will resume Monday night at 0200 GMT. Today in the main session we did not see any consistent heatmap signals on almost all of the currency groups. There was some consistent CAD strength but the pairs indicated were inside of ranges or clusters. We did not see any significant trades or breakouts of any kind today with any trend/heatmap support.
4455
AUD/JPY – strong downtrend is building, set sell alarm at 94.15, some levels of support down to 93.45 so only use strong heatmap signals on entry, over all potential is very good. CAD/JPY – D1 downtrend in place, set sell alarm at 96.25, next support level is 93.50. EUR/AUD – set resistance alarm at 1.4575, strong upside potential above here. EUR/CAD – the D1 trend is crossing to the upside so this pair could be moving up tomorrow, we would consider any strong buy signals on this pair, but the large time frames are still pointing down, 1.4375 is the next resistance area. GBP/AUD – set resistance alarm at 1.8440 for a short term buy, next resistance area is at 1.800-1.8650. AUD/NZD – set support alarm at 1.1120, below there the D1 trend will likely form going down, support target is around 1.0950. News drivers for the upcoming main session from the CAD can be found on the news calendars.
4454
Today in the main session there was AUD weakness on all pairs. There was also some USD and JPY strength. The AUD/USD and AUD/JPY dropped on the smaller time frames. We consider these to be short term sells inside of ranges of support/resistance and we would exit any sells on these pairs
4453
AUD/USD – overall trend is down on this pair but a short term rebound likely, set resistance alarm at 0.8855, no nearby resistance past there, exact target unknown. NZD/USD – overall trend is down on this pair but a short term rebound likely, set resistance alarm at 0.7920, no nearby resistance past there, exact target unknown. EUR/USD – overall trend is down on this pair but a short term rebound likely, set resistance alarm at 1.2755, the next resistance area is at around 1.2950.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 GBP, EUR and USD can be found on the news calendars.
4452
Today in the main session the AUD was weak on all pairs and the EUR was mostly strong. The EUR/AUD has a good intraday movement to the upside and it could continue higher. We would scale out lots due to nearby resistance levels, but this pair has upside to 1.4575 and possibly much higher on the W1 time frame. News drivers for the upcoming Asian session from the AUD can be found on the news calendars. Also USD news is pending in about 2 hours from now (FOMC).
4451
AUD/CHF- D1 uptrend in place. This pair has resistance levels up to 0.8465 but very good potential past there. AUD/NZD- Set a resistance alarm at 1.1295 for a break out. Good upside potential past there. AUD/CAD- Set a resistance alarm at 0.9860. This pair has no nearby resistance past there. The target is unknown. Treat this as a short term buy. The overall trend is still down. GBP/NZD- This pair has layers of resistance up to 2.0920 but we would consider a strong Heatmap buy signal in the main trading session. GBP/AUD- D1 trend is crossing to the down side. Set a price alarm at 1.8230. Very good pip potential below there. EUR/GBP- D1 trend is crossing to the upside. Set a price alarm at 0.7880. Next target is 0.8000. NZD/JPY- Strong down trend in place. Set a price alarm at 84.35. Next support level is below 83.00 but the overall potential is down to the 78.00 area.
4450
Today in the main session the CAD/JPY dropped and the AUD/CAD rose. The movements were good on both pairs but the CAD news was in the middle of the movement cycles so we do not believe entries were possible. We will likely set a buy plan on the AUD/CAD in our next plans along with a sell plan on the CAD/JPY for continued movement.
4449
AUD/JPY – set resistance alarm at 96.00, we are looking for the D1 time frame to cross to the upside and form a new trend. CAD/JPY – we would consider a strong buy signal on this pair in the main session, it has upside potential back up to 99.50 but layers of resistance on the way back up. EUR/GBP – The D1 trend could cross to the upside on this pair, set buy alarm at 0.7875, next resistance area is around 0.8000 (estimate). GBP/AUD – set support alarm at 1.8285, look for a sell signal below there and the D1 trend should cross to the downside with excellent pip potential. GBP/CHF – the D1 trend could cross to the downside on this pair but the overall trend is up, set a sell alarm at 1.5375, treat any sells on this pair like short term trades. AUD/CHF – set a resistance alarm at 0.8435, look for a buy signal above here and the D1 trend should cross to the upside. News drivers for the upcoming main session from the JPY, GBP and CAD can be found on the news calendars. AUD news drivers are also pending in a couple of hours. |