Markets Price Action and Formations: THE WEEK AHEAD JAN 27 - 31 2014. EURJPY EURNZD GBPCHF GBPJPY NZDCHF NZDUSD

 EURJPY appears to be offloading some of its over bought pressure. It is important to note that the recent rally of the jpy could even get stronger given that the move has triggered from a head and shoulder formation. We are yet to get a confirmatory price action confirmatory setup to go with the formation and if we fail to get it until price hits the horizontal/trendline support, the more dominant bullish trend should then continue.

 Last week, I had mentioned that the EURNZD was still within its bullish trend as price fell into its bullish entry zone. The trade room made bullish entries based on the setup and we are currently over 300pips up as we approach our conservative TP.

 GBPCHF has just broken through our bullish trendlines as its corrective sell-off seem to be flagging a change in trend. However, we wont be moved into any actions on this pair just yet until the trend clears out. We still carry a bullish bias on this pair as we wait for prices to offer opportunities to trade into them.

 The NZDCHF has continued in its more dominant bearish trend after a corrective sell-off on the head and shoulder price formation as indicated above. Price on this pair should continue to fall lower in the coming week

NZDUSD is trapped within a range but has been offering reasonable trade setups in the range. At the moment, we still await a bullish entry setup from the head and shoulder formed at range support.









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Markets Price Action and Formations: THE WEEK AHEAD JAN 20 - 24 2014. EURAUD EURNZD EURUSD GBPCHF NZDUSD

EURAUD remains bullish as price continues to soar after brief retraces. This bullish bias remains in the comming week as we would be looking to buy into the up trend if price falls into our critical bullish entry zones between 1.5000 - 1.5200.

EURNZD looks set to continue in its more dominant bullish trend after price gave off a Pin bar as it fell into its bullish entry zone. Friday's bar further proves this as it took out the stops of traders who may have gone short based on the Pin bar of the previous day. 1.6700 is the projected conservative take profit zone.

EURUSD now approaches it Bullish entry zone. Entries could be made with a pending order or for the less aggressive trading, after the formation of a significant Trade Setup.

 GBPCHF bounced strongly off its bullish entry point maintaining its bullish trend.

NZDUSD is a few pips away from its bullish entry zone. The trend on this pair remains bullish and buyers should find this zone significantly interesting for placement of buy orders. The less aggressive trader will probably wait for a trade setup at this zone.

Markets Price Action and Formations: THE WEEK AHEAD JAN 13 - 17 2014. NZDUSD EURAUD EURJPY EURUSD GBPUSD GBPNZD

 NZDUSD gave bounced off its support/Entry Zone as buyers jumped in at the chance to move long with the pair in a 1, 2, 3 triggered bullish price formation. The 123 price formation/price action trade setups give the savvy price Action trader an edge in making market decisions. 0.8511 is the key target for the expected bullish move.

 EURAUD is still very much in an uptrend though there now is significant threat to its continuation after price failed to continue lonng after hitting the bullish entry zone. A break below the minor support would initiate a possible change in trend.

 EURJPY still looks significantly bullish as price broke through and still trades above the recommended entry zone. Price should continue long in the coming week.

The euro has bounced off its support/bullish entry point following a 1 2 3 price formation it gave off at the formation of the IPB (Inside Pin Bar) at about December 2014. The CPR (Closing Price reversal Price Action setup now sets the tone for a resumption of the more dominant bullish trend.

 

GBPNZD faced support as it traded into its bullish entry zone (My entry zones are determined by the breakout point of a previous 1 2 3 price formation). Price is expected to resume another bullish run based on this. Further more, price also broke out from the cluster of inside bars at that zone.

I have maintained that the GBPUSD is bullish with no sign yet of it slowing down yet. Price has once again bounced off support/entry zone, setting up even another 1 2 3 formation and a break of the entry trigger at the tip of the recent pin bar would set the pair up for another leg of the bullish run.



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Markets Price Action and Formations: THE WEEK AHEAD JAN 6 - 10, 2014. AUDUSD CADCHF EURUSD GBPCHF GBPUSD

AUDUSD has given off a double bottom after price fell to its critical Support zone. This zone looks like interesting buyers into action however care must be taken in making bullish entries. Intraday time frames would be key in making these counter trend bullish entries.

CADCHF outlook remains bearish until its key resistance is broken though we may see some corrective bullishness in the coming week or weeks until about the marked key resistance zone above.

EURUSD outlook also remains bullish as price looks to continue to bounce off the lower trend-line as shown above. At the moment though, corrective sell off entries could still be sort as price aims towards its support zone.

The trade room made a huge catch on pips on the GBPCHF just before the close of the year after price bounced off a rising trendline. Outlook remains bullish though new entries on intra-day time frames could still be sort.

GBPUSD remains bullish and the Trade Room continues to look for good setups to long this pair. Price is currently within support zone and the daily or 4hr time frames may offer reasonable entry setups.


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