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 DEC 9 - 13, 2013. CADCHF EURNZD EURUSD NZDCHF NZDJPY

CADCHF has continued to move southwards inline with its recent trend. I have taken time to give a slightly different insight into what the markets are doing with respect to Price Formations. The head and shoulder Price formation which I also like a lot seem to have triggered the recent bearishness.

EURNZD has shown a reluctance for the recent bullishness to continue. We now have a the formation of a head and shoulder, with the second shoulder showing Pin bar rejection candles. It this setup pulls off, it still could be contained within the symmetric triangle formed from the recent and previous head and shoulder price formations.

 EURUSD gave off another Bullish Pin Bar at trend-line support after the initial one which is shown in the chart above. EURUSD is in no doubt bullish mood and though the trade rooms previous bullish entries had hit TP, we still look for new bullish entries on retracements.

 NZDCHF chart shows a pair which has broken through trend-line. Though we have a counter trend Pin Bar at the moment which could move the pair higher in a corrective buy off, more sustainable entries would be sort as the pair buys corrective into 0.8750 area.

After NZDJPY made a bullish break of its trendline, bias on the pair changed to bullish. And there had been two good possible entries. We still buy on any decent retrace into this pair.

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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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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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