This is the last trading plan for the week (4519). Thursday is the USD bank holiday for Thanksgiving. Trading plans will resume Sunday November 30th in the evening USA time at 0200 GMT.
4519
NZD/CHF – this pair is oscillating on the H1 time frame, set resistance alarm at 0.7580, next resistance is nearby at 0.7670. AUD/CHF – this pair is oscillating on the H1 time frame, set resistance alarm at 0.8240 (estimate), overall potential is back up to the 0.8430 resistance area.
GBP/CHF – set resistance alarm at 1.5210, next resistance area is at 1.5350 - 1.5400. GBP/CAD – set resistance alarm at 1.7800, if he D1 trend crosses to the upside this pair could continue up to the 1.8075 resistance area, or much higher. GBP/NZD – set resistance alarm at 2.0145, if he D1 trend crosses to the upside this pair has potential up to the 2.0650 area. EUR/AUD – if you see a sell signal on this pair in the main session we would consider a sell, this pair has significant potential to oscillate back down to the 1.4250 support area. News drivers for the upcoming main session from the EUR can be found on the news calendars. The OPEC meetings are also tomorrow. Tomorrow is a USD bank holiday.
4518
Today in the main session there was consistent NZD strength. Pairs like the NZD/USD moved up but this was a short term move on the smaller time frames only. This pair is not trending, we would exit any buys.News drivers for the upcoming Asian session from the NZD and AUD can be found on the news calendars.
4517
NZD/CHF – This pair is oscillating on the smaller timeframes. Set a buy alarm at 0.7550, upside potential is to 0.7670. AUD/CHF - This pair is oscillating on the smaller timeframes. Set a buy alarm at 0.8265. Upside potential is to the 0.8440 area. AUD/NZD - Set a support alarm at 1.0910, this pair has plenty of room to drop below there. GBP/NZD - D1 uptrend is crossing to the upside. Set a resistance alarm at 2.0165. Upside potential is to the 2.0650 area. EUR/NZD - This pair is oscillating on the smaller timeframes. Look for a sell signal in the main session, potential is down to the 1.5700 support level. GBP/USD - Overall trend is down, but this pair could cycle up tomorrow in the main session on the D1 timeframe. Set a resistance alarm at 1.5730. Next resistrance level is around 1.5900. AUD/USD - Strong downtrend in place. Set a price alarm at 0.8515. Next support level is at 0.8300, but we believe it could go lower. News drivers for the upcoming main session from the GBP and USD can be found on the news calendars.
4516
Today in the main session the AUD was weak on all pairs and the movements were good. There was some minor EUR strength and this drove the EUR/AUD higher and into resistance areas, we would scale out lots or exit completely. The cross currencies on the remaining AUD pairs were mostly mixed but pairs like the AUD/JPY dropped and should continue down one more day on the H4 time frame. The AUD/USD dropped on AUD weakness and has cleared most near term support, we will look to set more sell plans on the AUD/USD.
4515
GBP/CHF – set resistance alarm at 1.5215, next resistance area is at 1.5350-1.5400. GBP/NZD – set resistance alarm at 2.0020, next resistance area is at 2.0500 – 2.0700. We noticed about 10 pairs inside of ranges of 100 pips or less to the next support or resistance area, so check the levels on any pairs the heatmap points you to that is not specifically mentioned in this plan. Other pairs – the AUD/USD is nearing support at 0.8550, it could break through this level in the next couple of days so we will continue to monitor this pair. News drivers for the upcoming main session from the GBP, CAD and USD can be found on the news calendars.
4514
Today in the main session the AUD was weak on all pairs, driving price movement. The EUR/AUD moved higher on mostly EUR strength and the next resistance area on this pair is the 1.4550 area. The AUD/CHF dropped on CHF strength and the next support area is the 0.8265 area. These movements were pairs cycling on the smaller time frames so scaling out lots would likely be best. News drivers for the upcoming Asian session from the JPY can be found on the news calendars.
4513
CAD/CHF – strong uptrend in place, set buy alarm at 0.8660, excellent upside potential on the largest time frames. GBP/CHF – this pair is moving up on the H4 time frame, set buy alarm at 1.5215, next resistance is in the 1.5350-1.5400 area. GBP/CAD – W1 downtrend in place, set support alarm at 1.7540, substantial potential below there. EUR/CAD – strong downtrend in place, set sell alarm at 1.3890, excellent pip potential below there. NZD/JPY – this pair is in a strong uptrend but the smaller time frames are a bit choppy, we would consider any strong heatmap buy signals in the main session, past 93.50 we see no resistance. News drivers for the upcoming main session from the EUR can be found on the news calendars. |