USDCHF Price Action: The Week Ahead, 14/04/2013-19/04/2013

 

Price has fallen lower following the outside bar price Action Spotted last week. There is no Key Support seen on the weekly chart till about 0.9070.

 

 Price Broke through minor Daily Support at about 0.9290 an indication that the recent bearishness on the pair should continue.

GBPCHF Price Action: The Week Ahead, 14/04/2013-19/04/2013

 

Following the Closing Price Reversal Setup spotted on the pair last week, price has pulled lower modestly. I do envisage even lower prices. Key Support is seen at 1.4025

 

The Daily Chart also offer a Fakey/Closing Price Reversal Setup. Price Should attempt to Target Support as long as the New Resistance at 1.4288 remains unbridged.

USDCAD Price Action: The Week Ahead, 14/04/2013-19/04/2013

 

USDCAD retraced Slightly after hitting Key Weekly Support, Though, no Price Action Setup is seen on the weekly chart, our attention will be more on the daily.

 

The Daily Chart does show the formation of an Inside Bar. This stands for indecision. However, Since price is currently on Support, We will be more inclined to buying the pair but there is no clear setup to go with on this pair since the weekly chart is not in line with it yet.

GBPJPY Price Action: The Week Ahead, 14/04/2013-19/04/2013

 

GBPJPY pulled back extensively withing the week after an initial continuation of the more dominant bullish trend forming a counter Trend Pin Bar. Price may attempt to reach the Support seen at about  146.00 From where the more dominant bullish Trend could resume pending price Action.

 

The Daily Chart seems to also support the expected Rotation back into Support with the formation of the Pivot Top Price Action Setup. 

AUDUSD Price Action: Continues bullish surge after Closing Price Reversal, 12/04/2013

 

 The AUDUSD has continued to surge higher after the bullish Closing Price Reversal Setup, discussed in my trade Commentary on the 08/04/2013. It remains to be seen if the resistance just above at 1.0578 can put a halt to this massive bullish move.

My Recommendation: Buy pair on intraday time frames and pullbacks.

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GBPCHF Price Action: Inside Pin Bar Price Action Setup, 12/04/2013

 

In its attempt to go bullish, GBPCHF broke through resistance at 1.4285 on the 21st March after it formed a Fakey with Pin Price Action Setup. Price has once again pulled back into the resistance which now tends to acts as support on the pair. An inside Pin Bar Price action setup ensures indicating a resumption of possible bullishness and if this setup pulls off, price would attempt to reach resistance at 1.4531.

My Recommendation: Buy pair with stops below recent lows.

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USDCAD Price Action: Inside Bar Price Action pulls Lower. 10/04/2013

 Price has pulled lower following the Price Action Inside Pin Bar Trade Setup discussed April 8th. The Trade Room is short on this pair and expecting to make our usuall 1:2 Risk Reward from it.

My Recommendation: Stay Bearish.

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