With the close of AUDCHF last week, it is evident that AUD is ready to decline. The opening price of the pair this week is important to take this short trade. If price gap-up, it is necessary to wait for weakening of the price before open a short trade on this pair; otherwise, this week open price will be good to short... Profit taken and stop loss are as shown on...
AUDNZD has been declining for couple of days and is ready for an intra-day pullback before the major trend continues. Analysis is based on my currency pair analysis. I expect the pair to fall to 1.04438 where I will enter the trade with initial profit target at 1.04794; 2nd target is at 1.04948. Stop loss is few pips below 1.04369.
Any questions? Please let me know.
This is based on strength analysis just as I predicted for NZDJPY, EURJPY & GBPJPY last trading week (check out my last week trading idea on JPY). Initial profit target is @ 1.120 while the second target will be at 1.240. This is a swing trade but could change to positional trading depending on close of daily candles.
Any questions? Kindly let me know.
From my analysis, JPY is ready to fall and couple of currency pairs could gain while yen is taking its bite. Currency pairs to watch include: EURJPY, NZDJPY & GBPJPY. CHFJPY has led the pack already, but a pullback to support might not be a bad trade either.
My 2 targets entries for EURJPY are 121.920 and 121.360 with a stop loss placed 10 pips below June 3 low....
Gold Rally to 1500...Gold briefly touches the swing high created in February this year before the little pullback. A break above 1346 is imminent and this indicates more swing highs will be violated. A break above 1360 resistance will finally expose gold to the resistance at 1525 as shown in this chart.
After the initial break of 1360, gold will attempt to...
This week brent oil falls to its lower channel on the weekly chart & looking at a lower time frame to make the long entry. Stop loss placed below the lower channel while initial profit taking will be @70.55 resistance price level, however I'm a fan of trailing stop using fractal on lower time frame.