201301291335 USDCAD

Market Conditions:
CAD trending down

Entry:
Took long position following the trend at H1 MA50 1.00651
Stop at 1.004

What happened:
Market penetrated through H1 MA100 and continue to drop
Stopped out at 1.001

For future trades:
Pay attention to the current position of the trending channel for D1

Tue 29/01/2013

AUD/USD intraday: bullish bias above 1.04. Pivot: 1.04 Our preference: Long positions above 1.04 with targets @ 1.047 & 1.05 in extension. Alternative scenario: Below 1.04 look for further downside with 1.038 & 1.036 as targets. Comment: the pair has broken above a declining trend line and should post further advance as the RSI is well directed and stands below its overbought area. NEXT

EUR/JPY intraday: the upside prevails. Pivot: 121.3 Our preference: Long @ 121.37 with targets @ 122.9 & 123.5 in extension. Alternative scenario: Below 121.3 look for further downside with 120.65 & 120.05 as targets. Comment: the pair stands above its support and remains on the upside, the RSI stands around its neutral area and lacks downward momentum. PREVIOUS  NEXT

NZD/USD intraday: bullish bias above 0.8325. Pivot: 0.8325 Our preference: Long positions above 0.8325 with targets @ 0.839 & 0.8425 in extension. Alternative scenario: Below 0.8325 look for further downside with 0.83 & 0.827 as targets. Comment: the pair is rebounding and has broken above its resistance, further advance is likely as the RSI is well directed and stands below its overbought area. PREVIOUS  NEXT

EUR/USD intraday: bullish bias above 1.3425 Pivot: 1.3425. Our preference: LONG positions @ 1.3435 with 1.348 & 1.3505 in sight. Alternative scenario: The downside penetration of 1.3425 will call for a slide towards 1.3395 & 1.3345. Comment: the pair stands above its new intraday support and remains on the upside, the RSI stands around its neutral area. PREVIOUS  NEXT

GBP/USD intraday: the downside prevails. Pivot: 1.5750. Our preference: SHORT positions @ 1.574 with targets @ 1.567 & 1.5635. Alternative scenario: The upside penetration of 1.575 will call for 1.579 & 1.582. Comment: the pair is posting a rebound but remains capped by a declining trend line as the RSI lacks upward momentum around its neutral area. PREVIOUS  NEXT

GOLD (Spot) intraday: the downside prevails. Pivot: 1672.00 Our preference: SHORT positions below 1672 with targets @ 1652 & 1643. Alternative scenario: The upside breakout of 1672 will open the way to 1676 & 1684. Comment: the price remains below its resistance. The RSI lacks upward momentum. As long as the resistance at 1672 is not surpassed, the risk of the break below 1652 remains high. PREVIOUS  NEXT

Crude Oil (Mar 13) intraday: bullish bias above 95.4 Pivot: 95.40 Our preference: LONG positions above 95.4 with 96.9 & 97.7 as next targets. Alternative scenario: The downside penetration of 95.4 will call for a slide towards 94.95 & 94.1. Comment: the RSI is supported by a rising trend line. PREVIOUS NEXT

Dax (Mar 13) intraday: consolidation. Pivot: 7753 Our preference: LONG positions above 7753 with targets @ 7890 & 7920. Alternative scenario: The downside penetration of 7753 will call for a slide towards 7635 & 7571. Comment: the RSI lacks upward momentum. PREVIOUS

201301282113 AUDUSD

 

Market conditions:

COT suggests sell

 

Entry/Exit:

What happened:
H4 AC suggests buy
M15 AC suggests buy
Market went up, breaking through MAs
Stopped out at 1.04157

For future trades:
Look at AC first

Mon 28/01/2013

AUD/USD intraday: key ST resistance at 1.0435. Pivot: 1.0435 Our preference: Short positions below 1.0435 with targets @ 1.039 & 1.036 in extension. Alternative scenario: Above 1.0435 look for further upside with 1.047 & 1.05 as targets. Comment: the pair stands below its new resistance and remains under pressure as the RSI lacks upward momentum and stands below its neutral area. NEXT

EUR/JPY intraday: bullish bias above 121.3. Pivot: 121.3 Our preference: Long @ 121.37 with targets @ 122.9 & 123.5 in extension. Alternative scenario: Below 121.3 look for further downside with 120.65 & 120.05 as targets. Comment: the pair stands above its new support and remains on the upside even though a pull back should not be ruled out, the RSI stands around its neutral area. PREVIOUS  NEXT

NZD/USD intraday: key resistance at 0.837. Pivot: 0.837 Our preference: Short positions below 0.837 with targets @ 0.834 & 0.832 in extension. Alternative scenario: Above 0.837 look for further upside with 0.839 & 0.8405 as targets. Comment: the pair remains under pressure and is challenging its support, the RSI stands below its neutral area. PREVIOUS  NEXT

EUR/USD intraday: the bias remains bullish. Pivot: 1.3395. Our preference: LONG positions @ 1.3405 with 1.348 & 1.353 as next targets. Alternative scenario: The downside penetration of 1.3395 will call for 1.3345 & 1.3325. Comment: the pair has broken above its previous high and remains on the upside even though a consolidation should not be ruled out, the RSI stands above its neutral area. PREVIOUS  NEXT

GBP/USD intraday: the downside prevails. Pivot: 1.5790. Our preference: SHORT positions @ 1.578 with targets @ 1.574 & 1.5715. Alternative scenario: The upside breakout of 1.579 will open the way to 1.582 & 1.585. Comment: the pair remains capped by a declining trend line and is chalenging its previous low, the RSI is badly directed but stands above its oversold area. PREVIOUS  NEXT

GOLD (Spot) intraday: key ST resistance at 1672 Pivot: 1672.00 Our preference: SHORT positions below 1672 with 1653 & 1643 in sight. Alternative scenario: The upside breakout of 1672 will open the way to 1676 & 1684. Comment: the 50 moving average remains on the downside. Technical indicators do not post any reversal sign. As long as 1672 is resistance, look for choppy price action with a bearish bias. PREVIOUS  NEXT

Crude Oil (Mar 13) intraday: the bias remains bullish. Pivot: 95.40 Our preference: LONG positions above 95.4 with 96.5 & 96.9 in sight. Alternative scenario: The downside breakout of 95.4 will open the way to 94.95 & 94.1. Comment: the RSI is mixed with a bullish bias. PREVIOUS NEXT

Dax (Mar 13) intraday: consolidation. Pivot: 7753 Our preference: LONG positions above 7753 with 7890 & 7920 in sight. Alternative scenario: The downside breakout of 7753 will open the way to 7635 & 7571. Comment: the RSI lacks upward momentum. PREVIOUS

SI Week 4_2013

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