aardall

aardall

Hi traders, The USDJPY is coming under pressure and is looking very choppy with no clean trending price action. An important level for this asset is the 108400 handle, where we can expect a reaction off. This is a buy only asset so any bullish reaction off a level we need to be looking to take it long. All the best, Aardall

aardall

Hi traders, The AUD was choppy for this week showing a bull flag, if we can break the highs we can make a case for the bulls targeting 68960. The AUD held support on the 68300 level showing there is demand however the stochastic is looking bearish. You could argue that the AUD is up at these levels because the DXY came under pressure. So, bullish plays should...

aardall

Hi traders, Price broke the 110800 handle off the NFP pressure and held below this level. The EUR is susceptible to dollar moves verses the GBP because of the lack of demand. With the cross of the stochastic, if the dollar can maintain strength the EUR can look to test the 109920 level; the bottom of the range we defined. On the other hand, we can expect...

aardall

Hi traders, We have picked up on volatility from last month' consolidation. Breaking through the monthly R2. On the previous Friday we were looking for bearish plays and saw price test and break the R2 level. This price action was off the back of strong NFP data from the US. However, the bullishness on the GBP supported price. The stochastic is overdone, and...

aardall

Hi traders, The USDJPY has been picked up nicely last week on money flows coming out of the JPY and bids on a strong dollar. We saw a nice bullish cross on the stochastic. I wouldn't say this was an entirely risk on move. If we break above 109650 then we need to take the asset long on any pullbacks. We can look to short below 108400 level. All the best, Aardall

aardall

Hi traders, The potential range on AUDUSD did not form because of pessimism on the US-china trade talks. There is low volatility in the AUDUSD during this time. Price drifted below the key 67800 handle, holding nicely below. The stochastic shows that price might be overdone so we can expect short opportunities on pullbacks targeting the 67465 level. All the...

aardall

Hi traders, The EURUSD has found a boxed range that we suggested was the most likely scenario. We briefly broke the 109927 level unable to hold below. If we did hold, we would have looks to make plays to the low of the year. We need a good bullish legs and a cross of the stochastic to look to take the EURUSD back to the 110800 area. All the best, Aardall

aardall

Hi traders, We had a bullish week in the GBPUSD, with the bearishness fading quickly on the test of 128700. The stochastic cross bullish early int he week due too Conservatives gaining a lead in the polls. Bullish plays are valid above 127795, and we can expect there to be some market reaction at the 129760 level as we have tested it three times. all the...

aardall

Hi Traders, The USDJPY was choppy this week, like the AUDUSD being quite choppy off the back of US-china news. There was a moment in the week where we looked bullish with a break of 109020 but price couldn't hold. The stochastic attempted to show bullishness however bears still remain in control. This asset is a no trade asset unless we break above 109020 and...

aardall

Hi traders, The AUDUSD seems like it is in a consolidation phase, and not a ranging asset. Because, price is quite choppy and not waving; the main reason being the US-china news being sporadic. The Stochastic showing the chop too. For the AUDUSD I would sit out of it unless we break 67800, looking for bearish plays. And 68300 looking for bullish plays. King...

aardall

Hi Traders, The EURUSD was quite choppy for most of the week as we came into the 110800 handle; this level aligns with the 50 Fib retracement to the downside. Price rejected off this level strongly as the market priced in bad PMIs with the dollar finding a bottom too. Like the GBPUSD the stochastic crossed bearish on 21 Nov. However, it looks like a ranged...

aardall

Hi Traders, The gbp started the week looking to follow through on the bullish momentum, however bears took control for most of the week. The stochastic showing bearish cross on Nov 21. Friday' price action broke the 618 fib retracement because of bad PMI data coming out of Europe and the UK. I would argue that we are in a period of consolidation, with the...

aardall

Hi, The gbp found strong bids against dollar last week and was reasonably stable. Technically we are forming a down channel. A test of 129933 and we will see a run past 130000. Targets being 132364. A break below 128700, and we have to play the channel, shorting to 127795. All the best, Tan

aardall

Hi, We are seeing a pullback in the eur here after a completed double top pattern. The market remains bearish as it is below the monthly pivot. If we can break above the 110650 level and the pivot, we look at 111222 and 111798 as buying targets. Otherwise, I see the market ranging between 110650 and 109927. All the best, Tan

aardall

Hi, We have broken through the pivot line, showing a bearish market for the AUD. The stochastic has crossed bullish, and this means that we potential to pullback. If we can get above 68316 then we have grounds to take a long position with targets 698955. Otherwise, a break of 67860 means that we need to look to take it to 67465. All the best, Tan

aardall

Hi, We saw bids on the Friday of the previous week following the 5 day sell off. The stochastic seems like it wants to crossover, if we can get back above 109024, its a buy. A break of 108400 is a definite sell with initial targets T1:10800, T2:10740. All the best, Tan

aardall

Hi, The USDJPY saw a good break of a resistance level last week (10925). The extension was muted as we were looking at the 1272 extension of the leg. The stochastic shows that we are in a congestion area as it is looking like %K and %D wants to cross. A close below the 10925 would mean we may need to look at plays to the down side with targets being the 108...

aardall

Hi, Aud found choppiness last week, mainly due to delay of the US-china trade deal. It was important to close the week above the 69000 handle to look for the head-shoulders long. Short targets come in at the 382(68316) and the 67500. Be on the look out for optimistic news about the US-china deal to see a close above the confirmation line and a run up to the...