GBPNZD Monthly Analysis Jan 14

Similar to EUR NZD this pair looks very bullish after breaking resistance at 2.00.

Target for this pair is 2.10 if price holds above 2.00.
Monthly and Weekly charts below

EUR NZD Monthly Analysis Jan 14

This pair looks extremely bullish on weekly and monthly charts. This pair has rejected 38.2 and 50% Bullish fibs and trendline support.

Pair is likely to reach 1.70 which is a long term resistance and then if holds above it 1.82.
Weekly

 Monthly

AUD Pairs Weekly Analysis 27012014

Update : My bearish bias on AUD pairs made on 27th Jan 2014 are no longer valid now.

AUD is becoming bullish across all pairs post Reserve Bank of Australia's decision to keep interest rates on hold at 2.5 %. 
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AUD , CAD are one of the weakest currencies at the moment. This is quite evident from Below image.

Important support levels were broken,retested and rejected on some AUD pairs last week. Below are my thoughts and trade setup ideas.



AUD/CHF : CHF is currently one of the strongest currency and AUD one of the weakest. The pair has broken important support at 0.82300 and then at 0.78500. I missed my sell limit order entry at 0.82300 level by few pips 2 weeks back and was expecting price to return to this level but it didnt.
Weekly Stochastics are bearish.

I will be placing a sell limit order at 0.78100 for a target of 0.74100.


EUR/AUD: This pair has broken resistance at 1.50500 and 1.56200. I expect price to retest 1.56200 next week and continue its bull run.

GBP/AUD : This pair has broken weekly resistence at 1.87 and likely to resume its uptrend after retesting it.

AUD/CAD Trade Set up 20012014

This pair is turning bullish after creating higher high and higher low on weekly.

Today price is breaking out of long term consolidation pattern on H1.

Charts speaks for themselves loud and clear. So here are weekly and H1 timeframe charts.

EUR/USD Daily Chart Update 15012014

As expected this pair has resumed its bearish trend after retrace and rejection of 1.36700 level. This level is rejected by bearish Fakey which today is followed by Daily Bearish Breakout Bar.

Although Daily chart close is few hrs away price has clearly broken 1.36200 level which it is likely to retest.

Target

Bearish FIB 61.8 level is rejected and the target will be 161.8 FIB level i.e. around 1.33200.

EUR/NZD Daily Trade Set up_ 07th January 2014

This pair has broken the support at 1.6700 or rather showed false break above this level before reversing uptrend. I see 2 possibilities here.

Pair will retrace up to retest 1.67 before resuming downtrend. OR
Pair will break support at 1.64 to move towards 1.61. This is fast moving pair so 2nd possibility is more likely to happen.

I have placed sell limit at 1.66300 and sell stop at 1.63400.

EUR/NZD Daily 07012014

AUD/CAD Monthly Analysis Dec 2013

This pair is in downtrend on monthly after breaking long term support at 0.99400 in June 2013.

In Oct and Nov 2013 it retested the same level and rejected it which is 50% Monthly Bear FIB level.

In Dec 2013 it broke support at 0.95948 resuming its downtrend which is likely to be tested in Jan 2014.

In my opinion 0.95900 is the place to enter sell limit orders as price is expected to retest and reject this level.

Target: If we go by monthly chart

Target 1 is 100 Bear FIB Level 0.91750 and
Target 2 is 161.8 Bear FIB level 0.82100.

AUD/CAD Monthly Chart Dec 2013