Tag Archives: US Dollar

AUD/USD Trading Plan, August 1st 2013 (English Language)

Hello traders,

please find in the following an update for the AUD/USD major pair.

In the previous review for AUD/USD (July 30th 2013) I had indicated only one scenario after the completion of the move lower. That move is now completed and price touched the 0.8910 level, as anticipated.

Now two potential scenarios could develop (please refer to below picture):

AUD/USD currency futures daily chart, August 1st 2013

AUD/USD currency futures daily chart, August 1st 2013

Scenario 1. Price could continue lower into 0.8850. Once it gets there, our model shows the possibility of a  move higher as indicated in the last review or;

Scenario 2. Further weakness and a continuation lower into the 0.8595 area before a potential bounce.

Please, consider subscribing my Newsletter for free so I can keep sending updates to you, it only takes few seconds:

Thank you for subscribing should you decide to do so. Lots of other people are doing the same.

If you intend using this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

Advertisements

Leave a comment

Filed under English language, Forex, Trading Plan

USD/JPY Trading Plan, July 31st 2013 (English Language)

Hello traders,

A good opportunity in the USD/JPY pair is shaping up.

The pair is at major support, the 97.7 area. One of the two scenarios is going to develop (please refer to the below picture):

USD/JPYforex pair, daily chart - July 31st, 2013

USD/JPYforex pair, daily chart – July 31st, 2013

Scenario 1. Price never comes below the 96.7 level, the move higher resumes and the first target would be a recent highs in the 103.25 area.

Scenario 2. The 96.7 level is pierced on the downside and triggers a sell. In this case it is probable, in my opinion, to revisit the 94 area with a potential to moving lower into the 91.60 level. In this case the weekly timeframe would show a failed extension long which could set the scene for a full retracement into the 89.7 area.

If you liked this post, subscribe my Newsletter, it only takes few seconds. You will get weekly and mid-week video updates on the major pairs, the S&P500 and the Dollar Index:

Thank you for subscribing should you decide to do so. Lots of other people are doing the same.

If you intend using this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

Leave a comment

Filed under English language, Forex, Trading Plan

AUD/USD Trading Plan, July 30th 2013 (English Language)

Hello traders,

please find in the following an update for the AUD/USD major pair.

In the previous review for AUD/USD (July 26th 2013) I had indicated the 91.20 as the line in the sand where the correction into the 0.95 area would have been aborted. Yesterday that level was pierced on the downside indicating renewed weakness for the Aussie.

In my opinion the larger target for the current move lower is at 0.85 (please watch the coming weekly review).

AUD/USD daily timeframe July 30th 2013
Picture: AUD/USD daily timeframe July 30th 2013

It looks like bears front ran the 0.9330 area of resistance having a target in the 0.8840 area. This are is close to the 2nd target of the current daily extension short in this pair, coming around the 0.8910 area.

Our model of Program Trading suggests some profit taking in the 0.8840 to 0.8910 area.
After and if that happens, we cannot exclude a retrace (profit taking of shorts) into the next area of resistance on the daily chart at the 0.9080 area. If bears participate in that area we could see new lows into the 0.8730 area.

Please, subscribe my Newsletter for free below so I can include you in the distribution list, it only takes few seconds:

Thank you for subscribing should you decide to do so. Lots of other people are doing the same.

If you intend using this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

Leave a comment

Filed under English language, Forex, Trading Plan

AUD/USD Trading Plan, July 26th 2013 (English Language)

Hello traders,

last Friday I worked on a trading plan for the Aussie forex major, i.e. the Australian Dollar versus the US Dollar and I am sharing it with you in this post. I think there is an opportunity evolving right now in this forex pair.

Please find attached the analysis for AUD/USD published on July 26th, 2013:

The AUD/USD is in weekly shorts in the longer timeframe and our model suggests a move into the 0.8550 area is possible in the coming month(s).
However, the pair may have started a move higher into the next resistance area which starts at the 0.9495 and extends up to the 0.9550 level.
The scenario of correction higher into resistance remains valid as price stays above the 0.9120 which acted as support in the last 3 days.

AUD/USD daily timeframe July 25th 2013

Subscribe my Newsletter for free below so I can include you in the distribution list, it only takes few seconds:

Thank you for subscribing should you decide to do so. Lots of other people are doing the same.

If you intend using this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

Leave a comment

Filed under English language, Forex, Trading Plan

USD/CAD Analysis, Setups and Forecasts June 16th 2013 (English Language)

Hello traders,

Starting from next week, I am going to provide add the USD/CAD forex pair to my daily review (Sunday  to Thursday, for the next trading day) and my weekly review (on Sundays). I hope you appreciate the effort and such review is useful for your trading.

Also my last review for the USD/CAD pair is dated March 10th, 2013 so it was long due for an update (I don’t actively trade the US Dollar versus the Canadian Dollar, but I will now start reviewing it regularly).

Please find below my latest video-analysis for the USD/CAD forex pair recorded on Saturday June 15th. This recording will also be included in Sunday’s June 16th newsletter only reserved to subscribers (see below how to get your free registration):

The USD/CAD is in a long-term bear, with ‘recent’ resistance showing on the weekly chart at the 1.0560 area. This resistance area was tested in the second part of 2011 and has a target below into the 0.88 area. This is the long-term target for the USD/CAD if we get US Dollar weakness as anticipated.

On the daily chart we have a sequence started at the end of September that failed recently and the market showed it’s first leg downwards in the last two weeks. If we get a retrace higher this market could be entered short at 1.0270 or 1.0290 with a stop above 1.0325. Check my newsletter on Sunday for the exact levels and a clear trading plan.

Subscribe my Newsletter for free below so I can include you in the distribution list, it only takes 10 seconds:

Thank you for subscribing should you decide to do so. Lots of other people are doing the same.

If you intend using this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

Leave a comment

Filed under English language, Forex, Trading Plan, Weekly review

USD/JPY versus EUR/JPY Comparison and Forecast, February 21st 2013 (English Language)

Hello traders,

this afternoon I worked on a comparison analysis between to major pairs: USD/JPY and EUR/JPY. In the following is the result of the analysis:

USDJPY vs EURJPY comparison & forecast, daily chart - February 21st, 2013

USDJPY vs EURJPY comparison & forecast, daily chart – February 21st, 2013

There is a major difference on the daily chart which can be spot analyzing the two charts compared above. Price action of both charts is the same but; while the Euro failed the next move higher, showing a Euro that is going to weaken faster than the Japanese yen in the coming days,that did not happen to the USD/JPY. So that means that bulls are not interested too buy the EUR/JPY pair at this stage (see below), while they could still be involved in long positions in the USD/JPY pair.

The USD/JPY pair (see picture above) did not fail the current long extension setup. Above the 91.60 level longs are still valid with a 1st target at the 94.90 area (scenario 1). The scenario 2. for the USD/JPY would develop if price falls below the 91.60 level. In that case we could see a move into the next level of support down at the 89.40 area.

As anticipated, the main difference between USD/JPY and EUR/JPY is that the latter failed the extension long. That happened the very moment price moved below the 123.30 level on Friday last week.The price is now in scenario 1, moving in traditional shorts with resistance between 125.30-125.80. First target is down at 121.80. Scenario 2 would kick if price would not bbounce off the next support level at 119.60 which lines up to the 2nd target in the 119.90 area. In that case, we could see a continued move lower.

The level of support on the EUR/JPY pair will be identified when the EUR/USD pair will also find support. I anticipate this support will come at 1.2900. Both USD/JOY and EUR/JPY could find their support when that happens.

In my mid-week update I will send tonight I will have a video on this analysis and more information.

Tonight I am going to send my Mid-Week update. Subscribe for free below so I can include you in the distribution list, it only takes 10 seconds:

Thank you for subscribing should you decide to do so. Lots of other people are doing the same.

If you intend using this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

Leave a comment

Filed under English language, Forex, Trading Plan, Weekly review

USD/CAD Trading Plan, February 12th 2013 (English Language)

Hello traders,

A quick update on the USD/CAD because I think it could have already started an interesting move lower. But I also think there is still the possibility to participate in it.

The 1.0030-40 area is a significant resistance area for the USD/CAD. In case of renewed Dollar weakness we could see a move lower, into 0.9960 at least.

As usual, my scenarios (please, refer to the below picture):

USD/CAD daily timeframe analysis and trading plan - February 12th, 2013

USD/CAD daily timeframe analysis and trading plan – February 12th, 2013

Scenario 1. Price keeps moving lower past the 0.9980 level and trades into the 0.9960 support area

Scenario 2. Price moves into the 1.0010 support area and moves higher into the 1.0030-40 resistance again. From there the move lower can start. The initial target is the same 0.9960.

Notice that the big 1.0040 resistance level has targets below at the 0.94s… Tomorrow I will record a video in which I will analyze the 4-hour chart as well, and will post it on the Blog.

A good short opportunity is unfolding here. Please let me have your thoughts. Thank you.

Subscribe my Newsletter for free below so I can include you in the distribution list, it only takes 10 seconds:

Thank you for subscribing should you decide to do so. Lots of other people are doing the same.

If you intend using this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

Leave a comment

Filed under English language, Forex, Trading Plan