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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Markets Price Action and Formations: THE WEEK AHEAD DEC 16 - 20, 2013. CADCHF NZDUSD NZDJPY GBPCAD

 GBPCAD still is in a very bullish run, however, corrective sell offs are expected until about the key support at about the horizontal / trendline supports as indicated above.

NZDJPY: we still continue to look out for bullish entries on this pair. It currently shows a bullish continuation trade setup in the Inside Bar it presents at the moment.

NZDUSD: There is a clear Pin Bar bullish continuation trade setup on this pair. The bias on the pair is slightly bullish and we expect price to attempt to break through the bearish trendline as shown on its chart above.

CADCHF: One of the greatest virtues in forex trading is patience. Those who were really patient with this pair based on my initial recommendation would have made up to 1:7 risk reward on its bearish trade setup we discussed a few weeks back. Expectations are now for a corrective bullish run.


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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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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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