With three small range days this pair is set to move strongly. Selling @ 9120. S/L over today's hi @ 9180; tgt 9000.
An inside day today set ups a simple trade. Selling @ 1.51820, with a target @1.50 and S/L @1.52805. Best.
The pair has been consolidating for the past 4 days. A close above 98 will target 100. A close below 97 will target 95. Best.
Yen appears to be strengthening as the Nikkie index swoons. The bearishness in the pair is controlled for the time being. The pair has been finding support around 100.500 area but has found ready sellers around 102 level in the past week. Key support resides at 99.60-80. Close below 99.60 will find next support way down at 97. A close above 102.520 will be...
ECB Meeting and the US monthly employment data this week are likely to be pivotal for establishing the intermediate trend in the pair. If the US employment data on Fri. is perceived as strong the pair will be under selling pressure. On the other hand, if the employment data disappointing, the QE tapering talk will subside and the pair can rally, especially if...
Getting ready to resume uptrend. Buying at 102.401. S/L @ 101.500. T/P @ 104.
Downtrend remains intact. The normal pull back can take the pair to the approaching resistance. Going short at 1.30200. S/L 1.30880. Target 1.29120
Uptrend remains intact. The normal pull back can take the pair to the approaching support. Going long at 100.365. S/L 99.5. Target 102.275
Cable finding support at bottom of the cloud. Long from 1.5272. S/L @ 1.5720. PT @ 1.53900.
Risk off trade has pushed AUDUSD comfortably below the 7 month range from Aug 2012. However, the strong waterfall move has the oscillator to levels where this has found support in the past. A patient trade will be to test the breakdown level @ 1.01500. and then begin the second down leg from 1.01500 to a measured move to 0.9700.
Trade for 5/7. An inside day today following a mixed day last Fri. Undecided structure building energy for next strong move.. Short @1.30520 for a target to 1.29660. S/L @ 1.31405. Not the greatest of risk/reward but that's what the market structure is showing for now.
Trade for 5/7. An inside day today following a strong up day on Fri. Needed rest. Long @ 102.245 or @ 101.165, whichever occurs first. S/L @ 100.270. Profit target @ 105.400