EUR/USD Analysis

Recent bearish movement in the euro seems to be picking up pace after a breather with the nice looking bearish pin bar candle. Today it retraced the 4th July high by 61.8% fib and turned back. It also rejected support line which was previous resistance. Trend is down on all major timeframes too. nice bounce off 21ema in between the 2 moving averages gives a case to go short stronger. Short order placed as per below

STOP: 14288
ENTRY: 14180 (8ema near 50% retrace of the daily candle)
LIMIT: 13964

RISK/REWARD: 2/1

EUR/GBP Analysis

Big bullish reversal candle suggests another bought of buying is imminent. Is this also was previous strong resistance and with the trend

8 and 21ema still bullish

Order placed to go long as per below:

STOP: 8896
ENTRY: 8954
LIMIT: 9128

RISK/REWARD: 3/1

AUD/JPY Analysis

Have been keeping an eye on these inside bars of the past few days which finally broke upwards today through 87.20 resistance. Seeing as i missed the entry, im hoping for a pullback to the 87.20 area. Trend is up. Order as per below:

STOP: 8668 (roughly 50% of the mother candle on the 1st July)
ENTRY: 8726
LIMIT: 8900

RISK/REWARD: 3/1

CHF/JPY Analysis

Bullish pinbar has formed on the daily timeframe. Bullish momentum seems to be still rising and there are a few signals that back the bullish case

This pinbar has formed off 96.10 support which was previous resistance for the last couple of months. Trend is bullish overall as well. 8ema provides support on the same point as the 96.10 support line

Order to go long as per below:

STOP: 95.82
ENTRY: 96.25
LIMIT: 97.75

RISK/REWARD 3.5/1

GBP/JPY Analysis

Based on the 4hr timeframe, we have uptrend which is building momentum. Today a 4hr hour pinbar has formed which has bounced off the 13000 support which was pretty resistance before. We have also had 2 rejections of 21ema which suggests a move higher is likely. The 2 moving averages are also supporting this trend so ive placed a LONG order as per below


STOP: 12986
ENTRY: 13007
LIMIT: 13112

RISK/REWARD: 5/1

AUD/JPY Analysis

Interesting readings on the daily timeframe where we seem to have found strong support at the 84.33 region. Although short term momentum is down, we have had 5 bounces off the 84.33 area. This area was previous resistance on the 18th Feb. This area also marks the 38.2 retrace of the 17th March low. The main overall trend on the daily and weekly charts is up. Also, notice the trading range which seems to have developed between 87.20 and 84.33 area. I'm placing a long order, summarised with reasons below

Reasons:

- Main trend up on Daily and Weekly charts
- 5 bounces off support at 84.33
- Bullish pinbar candle today off 84.33 support
- 38.2 retrace of the 17th March low
- Bottom of the trading range

ORDER to go long at 84.56
STOP: 8400
LIMIT:8680

Risk Reward 4/1

NZD/USD Analysis

Nice pinbar setup on the daily timeframe for this pair. Only thing i see against this setup is lower time frame momentum is slightly in favour of the bears but i see a confluence of bullish signals which i fancy and it seems as if the lower timeframes possibly need a breather

Reasons to go long:

- Bullish pinbar candle on Daily
- Bounce off 7970 support which was previous resistance
- Main trend on daily chart is up
- The close of the daily bar is around 50% retrace from the 16th May low

Order to open: 8021 (50% retrace of daily candle)
STOP: 7962
LIMIT: 8198

RISK/REWARD 3/1