Markets Price Action, The week ahead.(DEC 2 - DEC 6, 2013) EURGBP EURCHF EURJPY EURUSD NZDUSD GBPUSD AUDCHF CADCHF EURCAD CADJPY EURNZD GBPJPY

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Markets Price Action, The week ahead. AUDJPY AUDUSD CADCHF GBPAUD GBPCHF GBPUSD NZDCAD NZDCHF

AUDJPY chart above shows us a likely continuation of the bullish trend that emered after price hit a double bottom at about 5 and 27th August 2013. Its always safer to go with the major trend. If we get a reasonable setup on this pair in the coming week, we would buy into the pair. The pair currently trades just above a Support.

 AUDUSD has given off a bearish break changing our bias on the pair. We had expected the pair to bull from the Previous support but it has failed to push the pair significantly higher. A corrective bullish pullback is expected still before any new bearish entries can be made.

 CADCHF is clearly a bearish market with new entries made each time it swings. The current move on this pair could yet break the recent lows.

 GBPAUD has failed to resume a new bearish trend as had been expected. But good enough, there was no Trade setup to warrant any bearish entry and with break of the previous high, the bullish trend resumes. but like before, we still shall wait for price to sell corrective into our mapped support zones.

 GBPCHF has closed with a fakey Price action trade Setup after the initial rejection of the higher prices at its key resistance zone. The trade made new bearish entries on this setup and we look to the pair falling into the first mapped support zone. New bullish entries could also be made at those points.

 GBPUSD looks to be trapped within a horizontal consolidation. sell entries will be made as it faces rejection at the resistance zone while buy entries made at the support.

 NZDCAD also looks to be trapped withing a horizontal consolidation. A buy entry could be taken if the dynamics are right.

NZDCHF is very close to the Trade Room's take profit, which also is the support zone for the bullish break. We could take a buy entry if the price action is right.

The week ahead: Nov 18 - 22, 2013. AUDUSD, EURJPY, EURCAD, GBPAUD, GBPUSD, NZDJPY, NZDUSD.

AUDUSD as seen above is consolidating at about the support Zone we had mentioned at our last review. The expectation is for bulls to get in on this pair and push it higher from this zone. The trade room made an entry just before the close of the previous week and we expect the bulls to take control from here.

EURJPY as seen above has hit our projected TP Zone. The trade room made over 300pips from our entry. We now wait to see the reaction of the pair at this resistance zone.

EURCAD had triggered our buy entry as price fell within the support zone where bulls were expected to get back into the bullish ride, however, it did manage to pierce that zone-an indication that the bears were viciously selling off. The trade room did make a bullish entry but profits have been protected early since the pair also gave off a sell signal at the last recent resistance Zone. From this point, we are safe to hold onto the trade and hope price manages to push through this resistance. If it fails to and resumes bearish instead, The long tailed support should hold it for another round of bullish entries. Therefore we may be in for some Din Dong on this pair yet.

GBPAUD just above has been pushing long since the last time its review was made. We had pointed out that the trend had changed to bear but that a corrective buy-off was to be expected. Two zones were mapped out as possible reversal Zones and it has thus far broken through the first zone. If it sustains this break, It will most likely begin its sell off from the next resistance zone as indicated in the chart above. A price action sell signal at that zone should send prices down to the expected TP zone as indicated on the chart above.

GBPUSD has been consolidating within the Key resistance and Support Zone as indicated in its chart above. Its now moving bullishly towards its Key Resistance Zone. Pending Price Action, New bearish entries would be made at that zone. It may interest traders to know that the pair now carries a bearish bias following a failed break of the Support Zone.

 NZDJPY: The last review we ran on the pair showed that we held a bullish bias on the pair and also made a bullish entry on it based on the over-all bias. The pair had given off a bullish Trade Signal as it delved into its Key Support Zone, setting off a Pin Bar Trade Setup. This was more like a bread and butter setup and was subsequently taken gleefully. As the pair now trades within its Resistance Zone, We wait to see what Price action Signal it gives off at this zone.

The NZDUSD chart tells an interesting story. The pair had made a failed attempt to continue its bullish trend from the area now marked as Key resistance. This changes the bias on this pair to bearish, and though the new move is bullish, it merely is a corrective bullish move. We are bullish on this pair but our TP is at the Key resistance zone and we would quickly make new bearish entries if we get a clear sell signal.


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The Week ahead Nov. 10 - Nov 15 2013. AUDUSD, CADCHF, EURCAD, EURJPY, EURNZD

AUDUSD daily chart above shows that price has fallen within the pairs critical Support Zone. Bulls are expected to get into the market pending Price Action bullish setups. If we get a failed break on this pair as it attempts to continue in its more dominant bullish trend, our target on the potential move long will be cut significantly.

 CADCHF gave off a bearish Pin Bar Trade Setup at the close of trading on Friday as price bulled correctively into its resistance zone. The bears should snap on the opportunity to make new bearish entries. A close above this zone would change our bias on this pair.

 In the previous commentary on this pair, I mentioned that the pair was expected to resume its bullishness at about this zone. The Pin Bar Trade Setup from Thursday's close, signals a trigger for the continuation of the previous bullish trend, since we only see the bearish move as a mere corrective sell-off.

 The EURJPY and CHFJPY act basically in the same way, and I had pointed out that the bulls were expected to get in on them as price falls into the demand zone. The Trade room made a quick entry on the bullish side and with the daily time frame also giving off an inside Bar Trade Setup, Its likely that price would resume north from this setup.

We had a failed break of a Support Zone on the EURNZD on Thursday, 7th Nov. The failed break should send prices higher in a corrective bullish move.


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GBPAUD CHFJPY EURCAD Price Action Setup, Nov 5th 2013

 The Chart above is that of CHFJPY daily. It brokeout bullishly on the 22nd of October but failed to push through. The "failed break" as many may call it still keeps the pair within its bullish bias until at least, the support zone as indicated above is clearly broken. In the meantime, bullish entries will be sort from that zone as price possibly makes a failed bearish push within it.

 EURCAD Chart as seen just above shows a pair clearly in a bullish mood. The last bullish break on the 22nd October pushed the pair into a 12months high, with the pair haven gained about 2000 pips from its low dating back to August 2012. This bullishness has intermittently witnessed corrective sell-offs like we are having at the moment but bullish entries will still be sort as the pair delves into our mapped out support zones. The chart above shows from about what region the bulls could get back in.

 

GBPAUD as shown in its chart above has had its momentum changed from bullish to bearish. Though at the moment, the pair does seem to be setting up for more bulls, it still needs to respect the bearish break it gave off as Ive indicated in its chart. However, pullbacks into the resistance zones as labelled on the chart has to occur for any reasonable sell entries triggering.

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The week ahead. Nov3-Nov 8, 2013

The chart above reflects the weekly expectation and trend on the eurusd. The trend is clearly bullish after we got a weekly bullish break  as indicated on the chart. Price did continue to bull immediately after the break but the trend has now stalled as we now witness a corrective bearish move and as price drops into our support zone, bullish setups would be sort still on the weekly chart.

 The chart above is the daily chart of the NZDJPY. There was a bullish break on the 22nd of October which failed to push through. Though this break still affords us to remain with a bullish bias on the pair, we have patiently waited for a corrective selloff which has culminated in the Pin bar Trade Setup spotted on the chart on the 29th October. Bullish entries were subsequently made and the bulls are expected to return to the market on this pair.

USDCAD Daily chart above has a bearish undertone. The Pivot Top Reversal Pattern as indicated on the chart should send the bears back into the market.


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The Week Ahead 7 - 11 Oct., 2013: EURNZD EURJPY EURUSD Price Action Trade Setups

 EURNZD gave off an inside Pin Bar after price has looked to have sliced through Support at about 1.6300. That Price Action Pattern lead the way to some pullback. But when managed to break and close above the previously broken Support to the upside yet again, the bias tilted from expecting more bears to expectation of a new round of bulls. Expectations are for price to reach towards 1.6800 Psychological resistance.

 EURJPY should continue moving southwards following the double daily Pin bars it gave off last week. Reaching support at about the 130.00 Psychological Support remains feasible.

EURUSD gave off a Pivot Top price Action Trade Setup. This setup gives us a bearish bias going into the new week however, further confirmation would be sort on the 4hr time frame before any new sell entries can be made.

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