AUDJPY
AUDUSD
EURAUD
EURCAD
EURGBP
EURUSD
GBPUSD
NZDUSD
USDCAD
USDJPYSunday, 18 March 2012
GBPUSD March.2012
GBPUSD sharp advance from a pivotal point has ended up almost at a pip on 0.382 fibo-line from which some consolidation may be seen at Monday down to 5795-5750. It has also gone to 75 RSI from where this pair almost always goes down 30-50 pips or down bellow 50 RSI before continuing further up or reversing a 1hr trend. Support remains on 200DMA line.
EURUSD March. 2012 (cont.)
While Euro successfully rebounded last week from 1.30, a general pattern remains bearish. I am expecting 1.32 and 1.33 to be tested next week while break above Feb high 1.35 opens the last line of defense at 200DMA to be tested.
Daily close bellow 1.30 leaves wide open exposure of 1.26 to be tested after which the only significant price is 2010 low.
Short term - EUR bullish up to 1.33-36 where dips from 55DMA may be bought (1.31 @ Monday, if reached) while long term outlook remains bearish.
Daily close bellow 1.30 leaves wide open exposure of 1.26 to be tested after which the only significant price is 2010 low.
Short term - EUR bullish up to 1.33-36 where dips from 55DMA may be bought (1.31 @ Monday, if reached) while long term outlook remains bearish.
Wednesday, 7 March 2012
USDMXN Long on raising wedge March.2012
Update 18.03.2012
After breaking long raising wedge, USD continues to make a further losses against MXN.
While 12.60 remains a price of rather strong support, area of interest for a potential short entries is 12.73 - 12.95, depending on what time-frame trade is targeted. Daily trend remains bearish as long as price remains bellow 200DMA.
Long entries may be triggered from the March low @ 12.55-60 with stops bellow daily lows that may give quite substantial risk/reward ratio....
Monday, 5 March 2012
Sunday, 4 March 2012
GBPNZD March.2012
Continuing on the last GBPNZD analysis from Nov.2011 - this pair went up to 2.100 as expected than reversing back to almost entirely to July.20111 low 1.86 where failed to make a new low. While long term pattern still remains bearish, short term chart shows ascending channel that shows some potential to the upside as long as trend remains within it. Breaking of this channel would expose a new low test while moving above 55DMA will and 1.925 may open the opportunity for a new 2012 highs.
Trading plan:
Long @ 1.89 with stop 1.88 on hourly chart given RSI does not fall bellow 40 and Stochastic shows moving upwards after failing bellow 20. First resistance will be the upper ascending channel on 1hr chart or 55SMA on a daily.
For a long term long confirmation of the up-trend, RSI would have to remain above 42.
Long @ 1.89 with stop 1.88 on hourly chart given RSI does not fall bellow 40 and Stochastic shows moving upwards after failing bellow 20. First resistance will be the upper ascending channel on 1hr chart or 55SMA on a daily.
For a long term long confirmation of the up-trend, RSI would have to remain above 42.
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