Good morning. Euro continues to lose ground across the board while the dollar is strengthening, providing some good buying opportunities in several pairs. Let’s take a look at some of today’s interesting charts EURUSD The euro failed to hold above support region formed by the two fib lines, so it’s probably better to sell into…
Posts Tagged ‘ audusd ’
Good News for AUD, Bad News for EUR
Following the tone set by the DOW yesterday which fell 243 points, Asian equities fell as well although the move wasn’t as bad as the US equity market. What helped the Asian equity markets was the release of economic news out of China that showed HSBC Flash manufacturing PMI rose from 47.9 in September to…
AUD/USD Gets Boost from CPI, Chinese Data
Australia’s Consumer Price Index rose by 1.4% in Q3, significantly stronger than a rise of 0.9% that was expected, almost three times the 0.5% rise in Q2. Australia releases official inflation data only once per quarter, making it more important. In addition, the first release of the HSBC Manufacturing PMI for China improved significantly from…
Tuesday Charts That Matter
Good morning. Euro failed to recover above $1.31 and resumed decline – testing the lower $1.30 zone at time of writing. Daily chart is bullish while it looks heavier on the intraday ones. EURUSD Market sentiment: intraday – bearish, short-term – bullish Potential trade strategy: to buy on retracement to 1.2970, target at 1.3070 USDCHF…
Thursday Charts That Matter
Good morning. The euro and other risk-sensitive currencies gained more ground since Tuesday and it’s likely that they would continue on the same path in the coming days. EURUSD Market sentiment: intraday – bullish, short-term – bullish Potential trade strategy: to buy either on break of 1.3150 or on a pullback to 1.3050, target at 1.3250+…
AUD/USD: Trading the Chinese GDP
The Gross Domestic Product (GDP) is a measurement of the production and growth of the economy, and analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Read…
17 Oct Trade Results
Bot EUR/USD @ 1.2952 TP @ 1.2960 +8pips Bot EUR/JPY @ 102.17 TP @ 102.24 +7pips Bot EUR/USD @ 1.2965 TP @ 1.2982 +17pips Bot EUR/JPY @ 102.28 TP @ 102.43 +15pips Sold AUD/USD @ 1.0272 TP @ 1….
Some Tuesday Charts to Watch
Good morning. Euro seems to be getting some relief, retesting 1.300 at time of writing. A breach would open the door to 1.32-1.33. German Zew and US CPI are today’s most important events. Market sentiment: intraday – bullish, short-term – slightly bullish Potential trade strategy: none 4hrs chart: 1.3070 follows 1.300 as next upside barrier to…
Trade Results for the Week
Trade 1 Bot EUR/USD @ 1.2986 Stopped out @ 1.2853 -133pips Trade 2 Sold EUR/USD @ 1.2849 TP @ 1.2846 +3pips Trade 3 Bot AUD/USD @ 1.0208 TP @ 1.219 +11pips Trade 4 Sold AUD/USD @ 1.0217 Stopped out @ 1.0226 -9pips Trade 5 Sold AUD/USD @ 1.0224 TP @ 1….