GBPUSD is finally moving to the anticipated direction and looks like it is ready for the breakout. We BUY the hourly breakout targeting 1.3350-70. Stops could be set below the last swing lows(1.3215).
EURUSD is approaching its first meaningful support area for today at 1.1275-85. So our idea for this will be the following: BUY @1.1285 SL@ 1.1254 TP 1.1315
GBPUSD broke out from the sideways formation and from the downward channel with Friday's move. The continuation of the move is our favored scenario and we follow it with BUY positions at current levels (1.3250). Stops must be set below 1.3195, targeting 1.3280-85 and 1.3330. Another way to trade our view is to BUY at current levels adding more at 1.3225-30 setting...
Below you can find our Technical View for the beginning of the week for the major currency pairs and for the crosses that have interesting and tradable chart outlook. EURUSD GBPUSD USDJPY AUDUSD NZDUSD USDCAD GBPJPY
USDCAD is facing resistance area from previous base lows. The technical picture suggests that the corrective move maybe over, so we try this view with SELL positions at current levels, setting the stops above 1.2755. Targets 1.2670 and 1.2640...
USDJPY is testing support at 113.25-35 area. We BUY at current levels (113.45) for 113.75. Stop below 113.17.
EURUSD is approaching its first important support zone for today at the 1.1265-75 area. We will BUY at 1.1275 adding more at 1.1230. Stops below 1.1215. Target 1.12950-00 if only the initial entry is hit and 1.1275-80 if both.
GBPJPY is forming a base just above the critical support zone at 149.00 area. We believe that an upward break of the sideways formation is in the making. We will BUY at current levels, adding more at 149.50. Stops below 149.10 and targets 151.00 and 151.70... The Daily and 4h Charts below give the a view of the broader perspective...
EURUSD has just broke the short term channel and the sideways formation showing strength. We follow the breakout with BUY orders at current levels, adding more at 1.1290. We set our stops below 1.1260, targeting 1.1335 and 1.1350
GBPUSD is testing support after the break. We BUY at 1.3170-75 setting stops below 1.3145, for 1.3210-20
AUDUSD is in an overbought state and we believe that it will make one final last leg up before a meaningful correction. We are going to SELL any new high at R1 for today at 0.7145 adding more at 0.7170-75. we will set our stops above 0.7190 targeting 30 pips for profit.
CADCHF pulled back at the PP0 and the lower Bollinger Band in a clear uptrend, providing also a reversal candle which is normally a BUY sign, We BUY at current levels setting the stops below 0.7285 targeting 0.7330 and 0.7345-50.
GBPJPY has formed a classic reversal candle at the Daily chart that makes the continuation of the upmove as the most probable scenario. We BUY at current levels, adding more at next level of support at 149.70-80. we'll set our stops below 149.40, targeting initially 151.00.
GBPUSD has formed a reversal candle at previous lows. We BUY at current levels targeting 1.3260-65. Stops below the lows
EURUSD is testing its short term channel bottom and 1.1230 critical support. We BUY at current levels after the reversal candle, setting the stops below 1.1220, targeting 1.1265 and 1.1285
GOLD has tested the important support area at 1765 and now it seems like it is preparing for an upward continuation of the move, towards 1810-15. We will BUY an upward breakout of 1787 on an hourly close, setting the stops below 1773, targeting 1810. An alternative and more aggressive approach will be to BUY at current levels setting the stops below 1773 adding...
AUDUSD is approaching its channel top after Friday's false break and we believe that sellers will emerge at these area leading to a short term correction. We will use any retracement from 0.7110-20 area as opportunity to BUY. At the moment we are focusing on the SELL side at 0.7110 setting tight stops above 0.7135, targeting 0.7080-85. A break of the channel will...
EURUSD is set to go higher as the technical picture suggests, so we buy at current levels, setting the stops below 1.1355. Targets 1.1350 and 1.1380. The 4H Chart below is looking for a right shoulder to form...