All trading plans for this week are listed here with the most recent one on top.
4556
Thursday and Friday are bank holidays in most or all regions. Check with your broker on their trading platform hours. This is the last trading plan for the week. Trading plans will resume Sunday the 28th in the evening USA time at 0230 GMT. GBP/JPY – set resistance alarm at 187.50, next resistance area is around 189.00. AUD/USD – strong downtrend in place, set sell alarm at 0.8085, no nearby support below there. USD/CAD – strong uptrend in place, set buy alarm at 1.1665, no nearby resistance past there. USD/CHF – strong uptrend in place, set buy alarm at 0.9885, some minor historical resistance just past the alarm price but overall excellent upside. GBP/USD – strong downtrend in place, set sell alarm at 1.5490, no nearby support below there.
4555
Today in the main trading session the market was quiet on most pairs and currency groups. There was only minor pockets of currency strength and we did not see any solid trading signals or price breakouts today.
4554
AUD/JPY – D1 uptrend could form to the upside. Set price alarm at 98.00. No nearby resistance past there. CAD/JPY – D1 uptrend is crossing to the upside. Set a resistance alarm at 104.00. Upside potential is to 106.00. USD/CHF – Set a resistance alarm at 0.9885, above this price this pair is above resistance on the largest timeframes. If you see a strong heatmap buy signal, then it should break out past 0.9000 and continue higher. GBP/USD – Strong downtrend in place. Set a support alarm at 1.5485, this pair has potential down to 1.5250 or lower. EUR/AUD – Overall trend is up, but this pair could sell off for 1-2 days on the D1 timeframe. Set a support alarm at 1.4975 for a short term sell. There are no nearby support levels beyond there. AUD/CHF – Overall trend is down, but this pair could reverse up for 1-2 days on the D1 timeframe. Set a resistance alarm at 0.8040 for a short term buy, no nearby resistance past there. News drivers for the upcoming main session from the USD can be found on the news calendars.
4553
Today in the main session the USD and CAD has some strength and the JPY was somewhat weak, most of the heatmap signals were somewhat uneven on these pairs. The CAD/JPY and USD/JPY moved up. These movements were not very strong, but both pairs could easily continue higher to the price targets listed in our plans. If you bought either pair we would try to get stops to break even.
4552
GBP/AUD – strong uptrend in place, set buy alarm at 1.9230, next resistance is at 1.9300 but there is no nearby resistance past there. EUR/AUD – overall trend is up, set resistance alarm at 1.5070, we expect this pair to go back to the 1.5325 resistance and continue higher. GBP/USD – set support alarm at 1.5550, below there the larger trends should take over and this pair has room to drop below there. AUD/USD – strong downtrend in place, set sell alarm at 1.8110, no nearby support below there. GBP/JPY – set resistance alarm at 187.50, potential is up to the 189.00 resistance area. CAD/JPY – set a resistance alarm at 10350, it has potential back up to the 106.00 area. Other Pairs USD/JPY – this pair is continuing higher and should continue to the 121.50 resistance. News drivers for the upcoming main session from the GBP, CAD, and USD can be found on the news calendars.
4551
Today in the main session there was some EUR strength, but these pairs did not move very much. The percentage movements were pretty low, and overall market volatility was low. The H4 time frames on several EUR pairs are turning up and we will likely continue planning on buys on these pairs looking for continued moves through tomorrow. News drivers for the upcoming Asian session from the NZD can be found on the news calendars.
4550
AUD/USD - strong downtrend in place, set sell alarm at 0.8115, plenty of room to drop below there. EUR/AUD – set a resistance alarm at 1.5070, this pair should cycle back up to the 1.5325 resistance and likely continue higher. EUR/CAD – this pair is setting up for a reversal on the H4 time frame back to the upside, we would consider ay buy signals on this pair as it could oscillate back up to at least the 1.4550 area. EUR/NZD – this pair could oscillate back up to the 1.6100 area on the H4 time frame, set a buy alarm at 1.5845. Other Pairs USD/CAD – this pair is in a strong uptrend, it looks like it will consolidate one more day then we will look to set a buy plan at the 1.1665 area tomorrow. USD/CHF – if this pair approaches 0.9900 we will look to buy it above there and it will have substantial upside above there, we will continue to monitor this pair this week. |