4563 is the last trading plan for the week, trading plans will resume Sunday evening Janauary 4th at 0200 GMT USA time. Check with your broker for trading platform availability over the next to days, also check the news calendar, tomorrow is a bank holiday.Trading plans for the entire week are below with the most recent one on top.
4563
CHF/JPY – D1 downtrend in place, set sell alarm at 120.25, room to drop below there, the overall trend is up on this pair but it could sell off for a couple of days against the major trend. EUR/JPY – D1 downtrend in place, set sell alarm at 144.70, room to drop below there, the overall trend is up on this pair but it could sell off for a couple of days against the major trend. EUR/USD – strong downtrend in place, set sell alarm at 1.2090, substantial potential below there. There is historical support to 1.1800 but the EUR is very weak now. USD/CHF – strong uptrend in place, set buy alarm at 0.9950, substantial upside potential above there. EUR/GBP – strong downtrend in place, set sell alarm at 0.7755, substantial pip potential below there on the largest time frames. GBP/CHF – strong uptrend in place, set buy alarm at 1.5500, past there there is substantial upside on the largest time frames.
4562
Today in the main session most pairs moved very little, the EUR was weak on most pairs and some of these pairs did drop slightly. We did not see any great trade opportunities. We did notice that the EUR/GBP is nearing important support and will likely break to the downside at the end of the week or next week so we will be planning sells on this pair, check the higher time frames and trends.
4561
On all of these trading plans the D1 trend is generally pointing in the opposite direction of trends on the largest time frames, so treat these trades and plans as short term. CHF/JPY- the overall trend on this pair is up however we are looking for a short term sell below the 120.50 support area. Set a price alarm there. EUR/JPY- the overall trend on this pair is up however we are looking for a short term sell below the 144.90 support area. Set a price alarm there. USD/JPY- the overall trend on this pair is up however we are looking for a short term sell below the 119.25 support area. Set a price alarm there. Next major support area is at 117.50. AUD/USD- set a resistance alarm at 0.8205. Treat this as a short term buy plan as the larger trend is still pointing down. EUR/AUD - set a support alarm at 1.4815. Treat this as a short term sell plan as the larger trend is still pointing up. AUD/CHF - set a resistance alarm at 0.8115. Treat this as a short term buy plan as the larger trend is still pointing down. News drivers for the upcoming main session from the USD can be found on the news calendars.
4560
Today in the main session the USD was mostly weak and the JPY was mostly strong. This caused a drop in the USD/JPY, this pair dropped nicely and it could continue lower for another day but the overall trend is up so be sure to scale out lots and manage money on any sells. The AUD/USD also rose on the USD weakness, the overall trend on this pair is still down.
4559
USD/CAD – strong uptrend in place, set buy alarm at 1.1670, no nearby resistance past there. USD/CHF – strong uptrend in place, set buy alarm at 0.9905, excellent upside potential above here on the higher time frames. GBP/USD – strong downtrend in place, set sell alarm at 1.5495, no nearby support below there. AUD/NZD - strong downtrend in place, set sell alarm at 1.0430, we see no historical support levels below there. NZD/CAD – strong uptrend in place, set buy alarm at 0.9070, next major resistance is around 0.9400. NZD/JPY – strong uptrend in place, set buy alarm at 94.00, almost no resistance past there with new historical highs. Certain pairs like the GBP/AUD could sell off on the D1 time frame but the overall trend is up on this pair so treat a heatmap sell signal like a shorter term trade. News drivers for the upcoming main session from the USD can be found on the news calendars.
4558
Today in the main session the NZD was strong on all pairs and the JPY was mostly weak. The NZD/JPY moved up, this movement started just ahead of the main session. The major time frames on this pair are all pointing higher, so we would get stops to breakeven and try to hold on. This pair has very little resistance past the current prices.
4557
AUD/JPY – set resistance alarm at 97.95, room to move higher above there. CAD/JPY – set resistance alarm at 103.95, room to move higher above there. GBP/JPY – set resistance alarm at 187.75, room to move higher above there to the 189.00 - 189.50 resistance area. AUD/CHF – set resistance alarm at 0.8040, the D1 trend should cross above there with no nearby resistance. Other pairs- we noted several pairs going completely sideways due to the Christmas holiday. When new directions/trends are formed we will start planning trades accordingly on these pairs. News drivers for the upcoming main session from the EUR can be found on the news calendars. |
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