All of the trading plans for the week are listed on this page with most recent one on top.
4484
Today in the main session the JPY weakness continued. This weakness started ahead of the main session and continued throughout the main session. The JPY pairs had very strong movements to the upside. All JPY pairs are approaching resistance areas so we would scale out lots on all pairs. The exception is the USD/JPY, this pair has broken resistance levels and is a hold with continued upside, trend is strong.
4483
AUD/JPY – D1 uptrend in place, set buy alarm at 96.65, resistance target area is around 98.50. CAD/JPY – D1 uptrend in place, set buy alarm at 97.80, next resistance area is around 99.50. CHF/JPY – D1 uptrend in place, set buy alarm at 114.45, next resistance area is around 116.00. EUR/JPY – D1 uptrend in place, set buy alarm at 138.00, upside potential is to 140.50. GBP/JPY – D1 uptrend in place, set buy alarm at 175.15, next resistance area is around 178.00. EUR/AUD – D1 downtrend in place, set sell alarm at 1.4260, potential is down to at least 1.4000. GBP/AUD – D1 downtrend in place, set sell alarm at 1.8095, potential is down to at least 1.7800. AUD/NZD – set resistance alarm at 1.1280, next resistance area is 1.1400-1.1500, but it could go well past there. AUD/CHF – D1 uptrend in place, set buy alarm at 0.8450, upside potential is to at least 0.8650. News drivers for the upcoming main session from the JPY, EUR and CAD can be found on the news calendars.
4482
Today in the main session the AUD and NZD were strong and the USD was mostly weak. The AUD/USD and NZD/USD are moving back up on the smaller time frames. We would set stops to breakeven. The AUD/USD could go back to 0.8900 and the NZD/USD could go back to 0.7950 on a short term basis. News drivers for the upcoming Asian session from the AUD can be found on the news calendars.
4481
GBP/NZD – set resistance alarm at 2.0600, next resistance level is 2.0800, then 2.0900, but this pair has the potential to move much higher. AUD/NZD – set resistance alarm at 1.1285, next resistance is at 1.1400-1.1500, but this pair could move much higher if the MN time frame crosses to the upside. If the USD strengthens in the main session be careful because the next resistance or support levels on these pairs is 100 pips away or even much less. News drivers for the upcoming main session from the EUR and USD can be found on the news calendars.
4480
Today in the main session the AUD/USD and NZD/USD continued higher. The upcycles on these pairs started in the Asian session and continued overnight. These were small movements but the signals were good. The NZD/USD is heading into a lot of resistance. If you bought the AUD/USD we would scale out lots and set stop to breakeven. News drivers for the upcoming Asian session from the NZD can be found on the news calendars. Also USD and CAD news drivers are pending later today.
4479
AUD/JPY - D1 uptrend in place. Set a price alarm at 95.95. Target resistance is around 98.50. NZD/JPY - D1 uptrend in place. Set a price alarm at 85.75. Upside potential is to 88.75. CAD/JPY - D1 uptrend in place. Set a price alarm at 96.95. Next resistance level is at 99.50. CHF/JPY - D1 uptrend in place. Set a price alarm at 114.25. Target resistance level is 116.50. EUR/JPY - D1 uptrend in place. Set a price alarm at 137.80. Target resistance level is 140.50. GBP/JPY - D1 uptrend in place. Set a price alarm at 174.65. Target resistance level is 178.00. USD/JPY - D1 uptrend in place. Set a price alarm at 108.30. Target resistance level is 109.75. AUD/USD - Look for a Heatmap buy signal in the main session. Short term upside potential is very good. D1 trend is pointing up, but larger trends are not in agreement. EUR/AUD - D1 trend is pointing down. Look for a stong heatmap sell signal in the main session. Overall sell potential is to 1.4000 or lower.GBP/AUD - We believe this pair could sell off. However, it has some nearby support levels. The overall pip potential is very good on any Heatmap sell signals. No news drivers for the main session ahead of the FOMC Statement.
4478
Today in the main session the JPY was weak. There was also some CAD strength in the market, this drove the CAD/JPY higher. The D1 time frame on this pair is pointing up so we like the potential upside. Pairs like the EUR/JPY and CHF/JPY also moved up on the JPY weakness in their trends. News drivers for the upcoming Asian session from the NZD can be found on the news calendars.
4477
AUD/CAD - set resistance alarm at 0.9935, very good upside potential above there. EUR/NZD – set support alarm at 1.6075 (estimate), next support level is at 1.5935. EUR/CAD – set resistance alarm at 1.4300, next resistance level is the 1.4440 area. EUR/USD – set resistance alarm at 1.2730, next resistance area is nearby at 1.2830. AUD/USD – look for a buy signal on this pair in the main session, the H4 and D1 time frames should turn to the upside with very good upside potential. GBP/JPY – D1 uptrend in place, set buy alarm at 174.25, potential us up to the 178.00 area. EUR/JPY – D1 uptrend in place, set buy alarm at 137.30, potential is up to the 140.00 area resistance. CHF/JPY – D1 uptrend in place, set buy alarm at 113.85, potential is up to the 116.00 area resistance. News drivers for the upcoming main session from the USD can be found on the news calendars. |