All trading plans for the week are on this page with the most recent one on top.
4529
Today in the main session the JPY pairs continued higher after NFP and the JPY was weak across the board. Trading these pairs after NFP was likely not possible since these movements started well ahead of NFP and substantial movement occurred ahead of NFP. Pairs like the EUR/JPY, CHF/JPY, GBP/JPY should continue higher after they consolidate, they all have no nearby resistance. We will continue planning more buys on these pairs next week.
4528
Please consider these trends and possible trades after the NFP new driver. NZD/JPY – strong uptrend in place, consider any buy signal on this pair after NFP, no resistance past 93.45. CHF/JPY – strong uptrend in place, consider any buy signal after NFP, no resistance past the current prices. EUR/JPY – strong uptrend in place, consider any buy signal after NFP, no resistance past the current prices. AUD/USD – strong downtrend in place, consider any sell signal on this pair after NFP with the price below 0.8360, some support is 0.8300 but we expect this pair to break this price and go lower. News drivers for the upcoming main session from the CHF, CAD and USD can be found on the news calendars.
4527
Today in the main session the EUR and CHF strengthened on all pairs. There was also some CAD and USD strength in the market. The EUR/USD moved up and the USD/CHF moved down, both of these movements were short term moves only on the small time frames against the overall trends.The EUR/CAD moved up, this pair is cycling on the smaller time frames and should continue up to around 1.4240, which is the top of the current range. The CAD/CHF cycled down and this pair is cycling on the smaller time frames and moving inversely to the EUR/CAD. The CAD/CHF should continue down to the 0.8460 support, which is the bottom of the current range.
4526
AUD/NZD – this pair is oscillating on the H4/D1 time frames, it is now stalling at support, set a buy alarm at 1.0875, we are looking for the D1 trend to form going back up and the potential is back up to the 1.1270 resistance. GBP/NZD – D1 uptrend in place, set buy alarm at 2.0260, upside potential is up to the 2.0650 resistance area (estimate). GBP/JPY – strong uptrend in place, set buy alarm at 188.20, no nearby resistance past there. Other pairs – the NZD/CAD is cycling on the H4/H1 time frames, this pair is starting to stall at support, we will look to set a buy plan on this pair tomorrow. News drivers for the upcoming main session from the GBP, EUR, USD and CAD can be found on the news calendars.
4525
Today in the main session the EUR was mostly weak and the GBP and CAD were mostly strong. The GBP/CHF moved up strong and the EUR/GBP dropped, these pairs moved inversely to each other. The GBP/CHF is hitting the target resistance levels in our plans so we would be scaling out lots on this pair. Similarly the EUR/GBP is hitting some support so we would scale out lots there as well. The EUR/CAD also dropped, this pair could continue down one more day down to the 1.3925-50 area. News drivers for the upcoming Asian session from the AUD can be found on the news calendars. There is also one news driver later today from the CAD.
4524
AUD/NZD- D1 down trend in place. Set a price alarm at 1.0770. Next support level is at 1.0640. GBP/CHF- set a resistance alarm at 1.5220. Next resistance area is at 1.5350-1.5400. GBP/NZD- set a resistance alarm at 2.0145. This pair has very good upside potential past there. EUR/AUD- strong uptrend is building. Set a buy alarm at 1.4760. Overall potential on the W1 time frame is up to the 1.5500 area. AUD/USD- strong down trend in place. Set a price alarm at 0.8390. Next support level is 0.8300 but we expect this pair to go lower. GBP/JPY- strong uptrend in place. Set a price alarm at 186.90. No nearby resistance past there. News drivers for the upcoming main session from the GBP, USD and CAD can be found on the news calendars.
4523
Today in the main session the USD was strong on all pairs. This drove some short term movement on these pairs. The NZD/USD dropped but this pair is ranging on the smaller time frames. The USD/CAD moved up and is likely headed up to 1.1450 on the smaller time frames, the overall trend on this pair is up. The USD/JPY also broke to new highs and is continuing in its uptrend. News drivers for the upcoming Asian session from the AUD can be found on the news calendars.
4522
GBP/JPY – strong uptrend in place, set buy alarm at 186.35, no nearby resistance past there. USD/CAD – the overall trend is up on this pair, it has sold off and could cycle back up on the smaller time frames to the 1.1450 resistance and continue up past there. You can set a buy alarm at 1.1340. AUD/NZD – D1 downtrend in place, set sell alarm at 1.0765, next support area is at 1.0640. News drivers for the upcoming main session from the GBP and NZD can be found on the news calendars. Two news drivers are pending from the AUD in the Asian session.
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