Thursday, 31 October 2013

AUD/USD Analysis

Bearish Pinbar candle on the daily timeframe, Weekly turned down too, 9529 support holds, Moving averages close to crossing, Other USD pairs showing bearish signs, Order to go short as per below: STOP: 9531 ENTRY: 9487 LIMIT: 9331 RISK/REWARD: 4.5/1

Thursday, 17 October 2013

GBP/CHF Analysis

Bullish pinbar candle on the daily timeframe, Previous resistance at 14512 now strong support after several rejections, overall trend is up, nice pinbar candles on the 4hr timeframe backup move up, Near term resistance at 14584 could be a stumbling block but it doesnt look like a key level to me. Order to go LONG as per below: STOP: 14506 ENTRY: 14566 LIMIT: 14732 RISK/REWARD: 4/1

Tuesday, 8 October 2013

NZD/JPY Analysis

Bearish pinbar candle formed on daily timeframe, Previous swing point broken, Trend turning down, Moving averages crossing down, Order to go short as per below: STOP: 8101 ENTRY: 8048 LIMIT: 7942 RISK/REWARD: 2/1

Tuesday, 1 October 2013

EUR/JPY Analysis

Bearish pinbar candle formed on pullback, on the daily timeframe, Uptrend is turning down, Swing point (11th sept high broken and tested today), 133.41 support held, weekly timeframe turned down, Order to go short as per below: STOP: 13353 ENTRY: 13285 LIMIT: 13149 RISK/REWARD: 2/1