All trading plans for the week are on this page with the most recent one on top.
4502
Today in the main session the JPY was weak on all pairs. The NZD and CAD has some strength. This drove the CAD/JPY and NZD/JPY higher today. Both of these pairs are inside of some historical resistance levels so we would scale out lots on both and get stops to breakeven.
4501
USD/JPY – strong uptrend in place, set buy alarm at 116.20, upside potential up to the 119.00 area (estimated). GBP/AUD – D1 downtrend in place, set sell alarm at 1.7980, excellent pip potential below the alarm price. GBP/NZD – D1 downtrend in place, set sell alarm at 1.9875, exact target is unknown but 1.9500 is possible, scale out lots on any profitable sells. Other Pairs – the GBP/USD is still trending down, we would like to see it consolidate before planning more sells. The USD/CAD next breakout point is at 1.1450, it is in a strong uptrend, we will look to set a buy plan Sunday night at this price. News drivers for the upcoming main session from the EUR, CAD and USD can be found on the news calendars. Tomorrow is also Day 1 of the G20 meetings.
4500
Today in the main session there were many pockets of strength and weakness on the forex market. The GBP weakness was consistent, the AUD strength, CAD weakness and CHF strength signals were uneven but some movements still occurred on this basis. The GBP/CHF is dropping and headed for our target support of around 1.5050. The AUD/CAD is moving up and is headed for our 0.9970 area resistance target. One news driver is pending from the USD in the next couple of hours.
4499
AUD/CAD – short term buy plan, set resistance alarm at 0.9880, next resistance area is nearby at 0.9975. GBP/CHF – D1 downtrend in place, set support alarm at 1.5230, potential below there down to the 1.5040 area. GBP/AUD – D1 downtrend in place, set support alarm at 1.8080, excellent potential below there. GBP/USD – strong downtrend in place, set sell alarm at 1.5760, no nearby support below there.AUD/JPY – strong uptrend in place, set buy alarm at 100.85, this pair still has some room to move up, but is approaching some strong resistance around 102.00. 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 USD can be found on the news calendars.
4498
Today in the main session the NZD was strong and the GBP was weak. The GBP/NZD dropped very hard, it is at one support level and we would scale out some lots here. The NZD/USD also rose on the NZD strength but this pair is ranging and we would close out any short term buys.
4497
USD/JPY - strong uptrend in place, set price alarm at 116.05. Next resistance around 119.00 (approximate). GBP/CAD - this pair is a little choppy, look for a buy signal on this pair in the main session or after the GBP news, it could cycle up on the H4 timeframe to the 1.8250 area. AUD/CAD - short term trading plan, set resistance alarm at 0.9870, next resistance is close by at 0.9970. Other pairs. Most of the JPY exotics have been moving higher for the last 24 hours. We would like to see these pairs consolidate before planning additional buys. We also see some NZD strength accross the market tonight, but most of these pairs are fairly choppy or the next support or resistance level is nearby, like less than 100 pips away. News drivers for the upcoming main session from the GBP can be found on the news calendars.
4496
Today in the main session we did not see any solid movements or price breakouts of any kind. We did see minor USD strength and JPY weakness but the movements were small and inside of trading ranges on the smaller time frames. The rest of the market signals were mixed. News drivers for the upcoming Asian session from the AUD can be found on the news calendars.
4495
AUD/JPY – strong uptrend in place, look for a buy signal on this pair in the main session, this pair has resistance up to 99.60 but we expect it to continue well past this price. USD/CAD – short term buy plan, this pair is trending higher but sold off some on Friday, look for a buy signal on this pair in the main session, we expect it to go back to 1.1450 and continue past there. AUD/CAD – set a resistance alarm at 0.9835, past there this pair has room to move up to the 0.9970 resistance area.We also spotted several pairs with support or resistance levels less than 100 pips away, so be careful with any heatmap signals pointing you to another pair other than the ones listed above. |
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