Please note the DST time shift in the USA, evening USA trading plans will now be issued at 830 pm CT, 0230 GMT until the spring. Trading plans for the entire week will be listed on this page with the most recent one on top.
4494
Today in the main session we did not see any new trades. There was some movement against the trend on pairs like the NZD/USD and AUD/USD based on USD weakness. These were price spikes only, after NFP. The rest of the market was uneven or mixed.
4493
Please consider these trends and potential trade after the NFP news. AUD/JPY – strong uptrend in place, look for a buy signal on this pair after NFP, we expect it to go back up to 99.50 and continue higher. CAD/JPY - look for a buy signal on this pair after NFP, above 101.00 it has no nearby resistance and potential to at least 103.00 or much higher. USD/JPY – strong uptrend in place, look for a buy signal on this pair after NFP, this pair has upside potential to around 119.00. AUD/USD – strong downtrend in place, look for a sell signal on this pair after NFP, next support levels are at 0.8300 and 0.8100. NZD/USD – strong downtrend in place, look for a sell signal on this pair after NFP, next support level is at 0.7500. USD/CAD – strong uptrend in place, look for a buy signal on this pair after NFP, this pair has no nearby resistance above the current prices. GBP/USD – strong downtrend in place, look for a sell signal on this pair after NFP, this pair has no nearby support below the current prices. News drivers for the upcoming main session from the CAD and USD can be found on the news calendars.
4492
Today in the main trading session the USD was strong, however the movements were price spikes. Pairs like the USD/CHF moved up but entering these moves was likely not possible due to the sudden price spikes during the news drivers. The rest of the market was mixed. News drivers for the upcoming Asian session from the AUD can be found on the news calendars.
4491
AUD/JPY – this pair sold off slightly today but the overall trend is up, it should go back up to the 99.50 area and continue higher. CHF/JPY – strong uptrend in place, set buy alarm at 119.10, little or no resistance past there. USD/JPY – strong uptrend in place, set buy alarm at 114.85, next resistance area is around 119.00 (approximate). AUD/USD – strong downtrend in place, set sell alarm at 0.8565, next support area is around 0.8300. AUD/CAD – this pair is cycling on the smaller time frames, if you set a buy alarm at 0.9800 it could cycle back up to the 0.9975 area. 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, CAD and USD can be found on the news calendars.
4490
Today in the main session the AUD was very weak, driving strong price movement. There was also some minor USD strength and GBP strength. The AUD/USD dropped and has broken out of a trading range, next support is at 0.8300 but it could go much lower. The GBP/AUD moved up very strong but is inside of some resistance levels, we would scale out lots on this trade. News drivers for the upcoming Asian session from the AUD can be found on the news calendars. |
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