AUDNZD VALIDATES CHANGE IN TREND

AUDNZD which had hitherto been on an extended bearish run now seems to have found a new path in its recent rally. Expectations are now for more bullishness in the coming weeks.


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Markets Price Action and Trade Setups: THE WEEK AHEAD March 03 - March 07, 2014. EURGBP, NZDCHF, GBPCAD, AUDNZD,

 NZDCHF pulled back into its intersecting resistance as price was pushed lower as it made an attempt to break through trendline/horizontal resistance. The resulting engulfing bar is a trigger for more bearishness to follow in the coming week.

 Last month's analysis on the AUDNZD showed we had a bearish bias, following the Pin Bar that signalled a possible return of the bears. The trade did take a while to get going but eventually did when we got the trigger setup as shown above. This trade has hit our 1st TP and now approaches the 2nd and 3rd TP's. Tis trade could deliver well over 1000pips based on the 3 entries we made.

 EURGBP looks set to resume long on a retracement move. The resistance as shown above could be key. We would watch to see if we would get a bearish trigger at that zone.

 GBPCAD also looks set to retrace lower. New bullish setups would be sort at about the support as indicated above.



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Markets Price Action and Trade Setups: THE WEEK AHEAD FEB 10 - 14 2014. NZDCAD GBPUSD GBPCHF EURJPY EURAUD AUDNZD

AUDNZD failed to break above a recent resistance zone, giving off a Pin bar in the wake of the false break. This set the tone for a possible sell off and we mapped out the possible entry points. The pair offered three setups within the 4hr time frame to go with the short and we managed to take them all. 

EURAUD false break of its inside bar set the stage for a possible bullish move. The bullish entry has managed to contain the pair and give further credence to the setup. Entry has been made and hopefully, this setup would offer us a good reward. The take profit zone is also mapped here.

The last time we ran a commentary on this pair (EURJPY) we brough our attention to its head and shoulder formation which we expected to send the pair back into support zone. That scenario played out quite significantly and we now have had a reversal as buyers came in hard at this zone. Price shud continue long in the coming week

 GBPCHF also has has given off a nice looking Pin Bar at support and the bullish zone has offered us a chance to join in on the expected bullishness. A 1-2 R/R should easily be met with this setup.

 GBPUSD offered quite a number of oppurtunities for long entries after we got a sinificant Pin Bar at the false break of the support. We managed to place 2 entries and both are already on a 1-2 R/R.

NZDCAD looks like a pair on a mission and we are on board with it. After the formation of the engulfing bar, we mapped out our possible entry zones and were able to make just one entry from this setup.



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