Watching for some reversal action this week ...

Hello traders and welcome to the weekly wrap up. Been a busy week. Tapering theme did not help the USD in the past week as weaker data undermined its strength. Looking in the week ahead, several reversal patterns taking shape at key resistance. Fingers crossed that I can capitalize on these this week. With that onto this week's forecast.

Pair	Level(s) to watch	Description
EUR/USD	1.32418, 1.34, 1.37098	Another weekly high set, but unable to close above 1.34. Pin bar fake out pattern. Watch for a short setup in the coming week (contrarian trade).
EUR/JPY	127.957, 129.493, 131.108, 132.738	Bullish week off 130 level. 131.108 is resistance turned support. Should be testing 132.738 this week.
EUR/GBP	0.84, 0.8468, 0.85898	Bullish momentum this week testing the 0.86 level, but unable to close above. Neutral at the moment on this pair. Watch for a break or rejection in the coming week from 0.85898 pivot.
EUR/AUD	1.44475, 1.45996, 1.47668, 1.49934	Inside bars on the daily chart. Slightly bearish on the H4 chart. Daily and weekly trends are still bullish.
EUR/CHF	1.22382, 1.22846, 1.24341	Bulls unable to take hold on this pair. Pair is neutral at the moment, but gut feel is to favour a retest of 1.2434.
EUR/CAD	1.36640, 1.38156, 1.39199, 1.41142	Bullish breakout of 1.38156. Next target target 1.41082. Watch for long entry signal.
AUD/USD	0.88468, 0.90406, 0.93043	No continuation on the break of 0.90406. Neutral on this pair at the moment. Watching for price action signal at 0.90406 pivot.
AUD/JPY	86.396, 89.68, 92.726	Bearish momentum stalled for the moment. Favour a break back above 89.68 if postitive risk appetitie takes hold this week.
NZD/USD	0.74656, 0.76868, 0.78576, 0.80979	NZD belted this week. Convincing close below 0.78576. Outlook is bearish all the way for this one in the upcoming week.
AUD/NZD	1.12639, 1.146	Positive break above 1.146. Watch for long entry opportunity.
AUD/CAD	0.93519, 0.95067, 0.96389	Pin bar off 0.93519. Watch for long entry opportunity this week.
USD/CHF	0.91745, 0.93887	Support at 0.91745 barely holding in the past week. May be an opportunity to play the reversal similar to EUR/USD pair.
USD/JPY	96.995, 98.231, 99.951, 101.522	Strong close above 98.231 and minor break of downward sloping resistance line. Favour continuation of bullish momentum in the coming week.
USD/CAD	1.03355, 1.04381, 1.05552	Bullish week which retested 1.05552. Pin bar reversal play maybe possible.
XAU/USD	1344.08, 1379.1, 1421.9, 1485.3	Bullish above 1344.08 key level. Looking for extension into 1421, then 1485. Watching for long entry opportunity this week.
SPX500	1598.4, 1647.9	Bearish momentum stalled. Neutral on the index at the moment.
GBP/USD	1.54194, 1.55737, 1.57365	Close for the week at key pivot without testing 1.57503. Watch for price action signal around this pivot level.
GBP/JPY	147.584, 151.468, 154.032	Price still in medium term consolidation. Testing the upper bound resistance. Pin bar fake out.
GBP/CAD	1.60415, 1.62029, 1.63891	Price broken above multi year highs. Testing 2011 levels.
GBP/AUD	1.63864, 1.68759, 1.7341	New high set in the past week, but did not close above key 1.7341 level. May see possible reversal this week.

As I mentioned previously, here are some of the short term reversal trades I'm looking at setting up this week:

Wow that was quick...

Just like that, almost three weeks have past since I posted. A weekend at the snow, a few days recovery, daddy duties, and work ... adds up doesn't it? Annnyyy whooooo, I am back and trying to make a living in the currency markets, which incidentally have been very unkind to me as of late. No matter, onwards to a mid week report:

Pair	Level(s) to watch	Description
EUR/USD	1.32418, 1.34, 1.37098	Bullish breakout to the upside. Watching for retracement entry.
EUR/JPY	127.957, 129.493, 131.108, 132.738	Consolidation phase at key levels. Some volatility.
EUR/GBP	0.84, 0.8468, 0.85898	Bearish below 0.85898. Watch for short opportunity.
EUR/AUD	1.38603, 1.44475, 1.49934	Bullish momentum continuing. Price is likely to retest 1.5 level. Bullish above 1.44475.
EUR/CHF	1.22845, 1.24341	Price consolidation above 1.22845. Neutral outlook at the moment.
EUR/CAD	1.36640, 1.38156, 1.39199	Bullish breakout price action. Next target target 1.41082.
AUD/USD	0.88468, 0.90406, 0.93043	Price consolidating above 0.90406. Break of this level will target low of 0.88468
AUD/JPY	86.396, 89.68	Consolidation below 89.68 level. Outlook continues to favour bears.
NZD/USD	0.76868, 0.78576, 0.80979	Sideways consolidation. Next support at 0.78576.
AUD/NZD	1.12639, 1.146	Sideways consolidation. Targeting resistance at 1.146
AUD/CAD	0.93519, 0.94869, 0.96389	Price consolidating at 0.93519 key level. May see short term bounce to 0.94869, then 0.96389.
USD/CHF	0.91745, 0.93887	Price curently at bottom of consolidation range. Break below 0.91745 signals extension to 0.9 level.
USD/JPY	96.995, 98.231	Price consolidating just above 97 level. Watch for short opportunity.
USD/CAD	1.03355, 1.04381	Price testing resistance. Needs to break above 1.04381 for continuation.
XAU/USD	1344.08, 1421.9, 1485.3	Bullish above 1344.08 key level. Looking for extension into 1421, then 1485.
SPX500	1598.4, 1647.9	Daily close below 50MVA. Index targeting 1598.4 area.
GBP/USD	1.55737, 1.57365	Targeting 1.57365 area. Look to play range between upper and lower bound.
GBP/JPY	147.584, 151.468, 153.659	Price still in medium term consolidation. Testing the upper bound resistance.
GBP/CAD	1.60415, 1.62029, 1.63891	Price broken above multi year highs. Testing 2011 levels.
GBP/AUD	1.63864, 1.68759, 1.7341	Testing multi year highs. Failure at resistance may present short opportunity.

Frustration

Have been extremely busy at work since my last post, and wouldn't you know it, that's when the market decides to move. Missed out on a swag load of opportunities. Call it laziness, call it busy from getting home at God awful hours in the night. Either way I could not capitalize. Instead I chose to make an undisciplined and unplanned trade. Result: 60 pip loss within secs. Awesome way to start the weekend...

Taking a look at my trades in the past year and consistency continues to elude me. Does not look like an issue with the technique, but more with the start stop approach which has plagued my relatively short trading career. That is, narrow periods of concentration across days and weeks where I do well with focus, offset by weeks to months of inactivity and forgetting all the fundamentals. Need a better way to beat myself into shape.

Enough whining, onwards to this week's analysis...

Pair	Level(s) to watch	Description
EUR/USD	1.32, 1.33	Ranging price action between 1.32 and 1.33.
EUR/JPY	129.493, 131.108, 132.738	Ranging prices action between 129.493 and 132.
EUR/GBP	0.86637	Price pushing higer within expanding wedge formation. Moving averages are bullish.
EUR/AUD	1.38603, 1.4415	Aussie dollar continuing to suck across the board. Should be another extended wave up. Watching for long entry opportunity.
EUR/CHF	1.235	Slightly bearish consolidation towards upward sloping trendline support.
EUR/CAD	1.37	Break of key level 1.37. Watch for retracement for long opportunity. Likely to hit 1.43381
AUD/USD	0.877, 0.90406	Sux to be Aussie right now. No end to the pain in sight. Watch for short opportunity. Likely extension into 0.85 area.
AUD/JPY	86, 89, 90	Same assessment as USD counterpart. Looking out for extension into support at 86 level.
NZD/USD	0.78576, 0.8, 0.805	Bullish engulfing bar off mva(20). Close below 0.78576 level. Likely to retest 0.76868 this week.
AUD/NZD	1.16521	1.12 target reached. Looking for price consolidation this week.
AUD/CAD	0.93519, 0.94815	0.93519 level breached. Extension likely. Watch for short opportunity.
USD/CHF	0.92054, 0.92272,	Inverted hammer close to key level. May see beginning of a reversal this week off the upward sloping support line of triangle formation.
USD/JPY	97.5, 99.7	Unable to hold 100 level. Price caught in downward descending channel.
USD/CAD	1.03355, 1.04381	Rebound off 1.025 level and close above 1.03355. Should retest 1.04381.
XAU/USD	1267, 1300, 1321	Weekly pattern still bearish. Daily MVAs bullish with fakey setup off key 1300 level.
SPX500	1709	Another historical high this week. US economy slow down? Bitch please!
US Oil	Discontinued
GBP/USD	1.52491, 1.54	Large pin bar off 1.51 level on the weekly chart. Bullish engulfing candle off the daily. Likely extension to the upside this week.
GBP/JPY	150.68, 151.727	False break of the rising channel this week. Still watching for a move to the down side.
GBP/CAD	1.58770, 1.58, 1.59262	Price consolidating back above the trend line. Needs to close above 1.59262 to signal uptrend coninuation.
GBP/AUD	1.68729	Extremely bullish. Watch for long entry back at 1.68729 support level

Trend map

I'll start today off with an update on yesterday's trade. Trailing stop was knocked out at break even (again!!). Have to be content with these sorts of things 'cuz it happens.

A bit of volatility today. Positive news out of the Euro bloc saw EUR crosses rocket up past resistances, only to lose all those gains by NY session.

Losses seen in EUR/CAD (Doh!) and especially GBP/CAD. Kudos to those who caught both yesterday's inside bar short setup and today's fakey pin bar setup (see pic).

Been a bit odd this week. Price action following press release seemed to align then surprises everyone by whipping back up the opposite way. Technical not aligning to fundamentals - always fun.

Looks like rough markets to navigate for the rest of the week. Some big ticket items on the release docket tomorrow out of the US. Will have to see if they manage to jump start some trends.

As always, good luck in tonight's trading all.

Setup on EUR/CAD

Hello traders and welcome to today's call out. Quick update on yesterday's trade. Momentum was quick to die out with gains quickly retraced. Exited during Asian trading hours. Pairs have now completely reversed.

Current trade is EUR/CAD with the short triggered on release of Canadian retail sales which smashed expectations. However, not much follow through after hitting the first target. Looks like another one to grind out. Stop has been trailed to break even. Headed into the start of the US session on a lightweight 14 pip profit after an initial 30 pip gain.

I have included both the H4 and D1 charts highlighting the technical pattern for the basis of the trade - inverted hammers at resistance trend lines.

As always, good luck out there guys. Will catch you again, tomorrow.

Daily Call Out - Early movers

Welcome to today's daily call out (a new phrase I just decided to coin :)). Have two trade setups: USD/CHF and GBP/CAD.

USD/CHF

Inside bar short setup on the 4 hour chart.

• Entry @0.93827
• Target @0.928
• Stop @0.94194

GBP/USD

Inside bar fake out long entry on the 4 hour chart.

• Entry @1.58293
• Target @1.6
• Stop @0.1.5798

Chop

Hi all. The title of the post aptly describes what I felt were the trading conditions last week. With the exception of Yen crosses towards the end of the week, trend trades were very few and far between. This came as a surprise given the heavy event risks during the week (including the Bernanke testimonials).

The chop was horrible on my trades this week, along with a rogue trade mid week on the USD/JPY cross. Would have been better to stay on the sidelines. I ended up an unhealthy 100 pips worse off.

A light docket for event risks going into the new week. However, as a gambling man I would say "leave it to a quiet event risk week to cop all the big price moves." So I head into this week with cautious optimism for continued volatility (always good for us speculators).

SPX500 continues its upwards march, clocking another record close last week. Gains are being closely tracked by the USDOLLAR index which has traditionally been divergent. What will give first?

For the key levels this week, I have added a couple of new dimensions to the directional bias. Will experiment with this and see whether this boosts the trading accuracy (ratio currently sits at roughly 45/50)

Key Levels

Pair	Level(s) to watch	Description	H4 Bias	D1 Bias	W1 Bias
EUR/USD	1.29924, 1.30758, 1.32	Poised for retest of 1.32. Still mildly bullish.	Bullish	Bullish	Neutral
EUR/JPY	131.108, 133.25	Weekly close above previous high at 131.108. Targeting upper trend line resistance of the channel.	Bullish	Bullish	Bullish
EUR/GBP	0.85898	Retesting key 0.86 level. Pair is looking vulnerable if key support fails to hold.	Bearish	Bullish	Bullish
EUR/AUD	1.38603, 1.4415	Ranging price action. May retest 1.44756 high set in late June. Close above here would confirm bullish extension.	Bearish	Bullish	Bullish
EUR/CHF	1.235, 1.24	Not much movement for the week. Very slightly bullish.	Neutral	Bullish	Bullish
AUD/USD	0.90406, 0.93043	Strong rejection off support at 0.90406. Watch for long entry opportunity.	Neutral	Bearish	Bearish
AUD/JPY	90, 92.95	Bullish engulfing candle on the weekly. Approaching short term resistance again at 92.95.	Bullish	Bullish	Bearish
NZD/USD	0.78576, 0.8, 0.805	Confirmed reversal off the weekly inverted hammer. Should see another push to the upside this week.	Bullish	Bullish	Bearish
AUD/NZD	1.16521	Bearish extension scenario confirmed. Watch for retracement opportunity to sell. Close above 1.16 required to rever short term outlook back to neutral.	Bearish	Bearish	Bearish
AUD/CAD	0.94815	Close above 0.94815. Semi inverted hammer. May see some gains this week. Still short term bearish.	Bearish	Bearish	Bearish
USD/CHF	0.94385	Consolidation in the past week. 10MA bearish. 20MA flattening. Watch for short opportunity this week.	Bearish	Bearish	Neutral
USD/JPY	96.995, 99.9	Recaptures 100 level. May see retest of 103.7 highs. Watch for long entry this week.	Bullish	Bullish	Bullish
USD/CAD	1.025, 1.0360, 1.04366	Pair looking vulnerable this week. Rejection of 1.04366 level. May see a leg down to 1.025 this week.	Bearish	Bearish	Bullish
XAU/USD	1267, 1300, 1321	Price consolidating this week. Close above 1300 required for correction continuation.	Bullish	Bullish	Bearish
SPX500	1687	Continued bull run on stocks. Record high breached.	Bullish	Bullish	Bullish
US Oil	103.6, 110	Continued march upwards for oil. 110 per barrel 2012 high within sight. Watching for retracement opportunities.	Bullish	Bullish	Bullish
GBP/USD	1.51707, 1.52813	Close above 1.52 level. Watch for opprotunity to join bullish correction this week.	Bullish	Bullish	Neutral
GBP/JPY	153.8	Price close to testing the upper resistance line of the upward sloping channel.	Bullish	Bullish	Bullish
GBP/CAD	1.58770, 1.58, 1.59262	Price consolidating back above the trend line. Needs to close above 1.59262 to signal uptrend coninuation.	Bullish	Bullish	Neutral
GBP/AUD	1.66242, 1.68729	Price back into consolidation ranges. Testing downward sloping trend resistance.	Bullish	Bearish	Neutral

Weekly wrap up 14/07/2013

Hey traders and welcome to this week's wrap up. An extremely volatile week with the FOMC minutes throwing more confusion into the mix; print more money, don't print more money, who knows what the Fed's thinking anymore. Key break outs from previous week somewhat negated on the back of the past week's event risks.

Aussie dollar weakness continues unabated with weaker unemployment figures weighing down the commodity currency. Even the promise of potential continuation of QE3 could not stop the free fall. AUD/USD however has put in a reverse hammer at key psychological level. Will see what happens this week.

Speaking of which, another big week with GDP and CPI figures on tap - I wonder when the fun will stop...ಠ_ಠ.

Key levels to watch

Pair	Level(s) to watch	Description	Bias
EUR/USD	1.29924, 1.32	Strong close above 1.3 level. Changes the bearish outlook to neutral. Short term bullish bias in place.	Neutral
EUR/JPY	128.795, 131.086, 132.745	Upward trending channel maintained. Likely to retest 1.325 level. First line of resistance at 1.31086.	Ranging
EUR/GBP	0.85898	Consolidation above 0.86. Continue to watch for long opportunity.	Bullish
EUR/AUD	1.39769, 1.4415	False break of head and shoulders pattern; new high set. Short term bullish, but still looking for short opportunity.	Bullish
EUR/CHF	1.2363, 1.238	Close to the downside. False break of 1.238 level. Watch for short opportunity.	Ranging
AUD/USD	0.90435, 0.91634	Extremely oversold; another new low set. Reverse hammer on the weekly chart. Watch for long opportunity.	Bearish
AUD/JPY	89.087, 92.95	Strong rejection of price at 93 level. Looking for a restest of 89.087 support.	Ranging
NZD/USD	0.78289, 0.74565	Reverse hammer on the weekly. May see price consolidating above 0.76868 level.	Ranging
AUD/NZD	1.16521	Bearish close; looking like another extension to the downside. Watching price closely at 1.16521 level	Bearish
AUD/CAD	0.94815	Another bearish weekly close signalling an extended run to the down side. Watching price at 0.94815 level.	Bearish
USD/CHF	0.95132, 0.95529	Price consolidating this week below 0.95 after the previous week's false break. Should see one more leg down in the short term to 0.93 level.	Ranging
USD/JPY	96.995, 99.9	Loss of 100 level. Looking at range between 100 and 97.	Ranging
USD/CAD	1.04177, 1.05524	Loss of 1.055 level. Consolidation below this level for the week.	Ranging
XAU/USD	1321	Stronger bullish close this week. Watching for short opportunity towards 1321 level.	Bearish
SPX500	1686	Continued bull run on stocks. Looks to retest 1686 record high.	Bullish
US Oil	103.6	Break of long term triangle. Watch for long opportunity this week.	Bullish
GBP/USD	1.52, 1.52813	Retracement this week. Watch for short opportunity at 1.52813 level.	Bearish
GBP/JPY	151.727, 149.434	Bearish scenario still valid. Watching for a break to the downside of the current range.	Bearish
GBP/CAD	1.58770, 1.58	Break of upward sloping trend line. Well into correction move now, targeting 1.55. Watching for retracement entry opportunity.	Bearish
GBP/AUD	1.63828, 1.662, 1.68729	Close above 1.662. Head and shoulders pattern faked out. Price back into consolidation ranges.	Ranging

Correction underway?

Hello traders and welcome to this evening's commentary. An interesting day spurred on abysmal UK data. This has seen some interesting action in the Aussie and European crosses. Unfortunately I was unable to take advantage of a great pin bar fake out setup on the GBP/AUD which formed on the four hour chart.

From last week's commentary, I was watching closely for the head and shoulders confirmation. This pattern completed on both the EUR/AUD and the GBP/AUD yesterday with the ensuing price action setup occurring today around midday AEST. Unfortunately day job takes priority. It was good looking setup which paid out roughly 4:1. Over the European session, losses on the GBP/AUD accelerated capping off an almost 200 pips decline.

I have marked out the typical head and shoulders break out target which is measured from the break out point. The distance is typically measured as the highest point of the head to the neckline. Will be watching for an opportunity for an entry on any short term retracement as there is still plenty of room for the price action to run.

Long entry on EUR/JPY on fake out setup off 129.493 level. Entry @ 129.863. Stop @ 129.363. Targeting 131 level.

US Dollar Steams Ahead

Hi traders and welcome to the weekend wrap up. This past week saw some very positive news out of the US and very much shite news out of Europe. A positive NFP print capped off the USD gains with more event risk coming up in the new week. I have added a quick link to the economic calendar over at FxStreet. You can find it on the side bar navigation.

Key levels for the coming week:

Pair	Level(s) to watch	Description	Bias
EUR/USD	1.27953	Closes above key level 1.27953. Upward sloping trend line also a key level. Watch for short opportunity.	Bearish
EUR/JPY	129.738, 129.493	Narrow range in the short term. Look for breakout early this week.	Ranging
EUR/GBP	0.85894	Close above key level. Watch for long opportunity.	Bullish
EUR/AUD	1.4073, 1.42546	Upward sloping trend line held this week. Persisting Aussie weakness, but definitely oversold.	Ranging
EUR/CHF	1.2363, 1.238	Slightly bullish this week. Congestion range coming up. Break of 1.238 to confirm stronger bullish momentum.	Ranging
AUD/USD	0.91634, 0.9, 0.877	Another new low set for the end of the week. Continued bearish trend below 0.91634.	Bearish
AUD/JPY	89.087, 92.95	Weekly close above 91. Turns bias towards testing 93 level.	Bullish
NZD/USD	0.78289, 0.74565	Barely closes above bottom of consolidation range. May break early in the week.	Bearish
AUD/NZD	1.17336, 1.18484	Bullish close this week. May begin correction run this week.	Bearish
AUD/CAD	0.96389, 0.94815	Close above 0.96389 required to confirm possible bullish scenario. Short pin signal, but dangerous due to oversold conditions.	Bearish
USD/CHF	0.95529	Bullish close above 0.95529. Watch for long opportunity this week. Next target, 0.98 area.	Bullish
USD/JPY	99.88, 100.70	Bullish close above 100 level for the week. Look for long opportunity back towards this level.	Bullish
USD/CAD	1.055, 1.065	Confirmed close above 1.055. Watch for long opportunities this week targeting 1.065.	Bullish
XAU/USD	1236.8	Persistent strength in bear trend. Watch for short entry signal.	Bearish
SPX500	1654, 1600	Price action was bullish this week with a firm hold of 1600 level. Scenario is neutral for now.	Neutral
US Oil	103.6	Huge move for oil this week. Testing the upper trend line of long term triangle.	Bullish
GBP/USD	1.51754	Strong bearish momenum. Testing lower bound trend line of symmetrical triangle.	Bearish
GBP/JPY	151.727, 149.434	Pin bar fake out on the weekly chart. Watch for short setup this week.	Ranging
GBP/CAD	1.58770, 1.58	Break of upward sloping trend line. Well into correction move now, targeting 1.55	Bearish
GBP/AUD	1.662, 1.63828	Pin bar at key level; heads and shoulders pattern not yet confirmed. Watch for short opportunities back towards 1.662 level.	Ranging

As always, good luck for the coming week.

Risk off day?

Evening traders and welcome to the US session. We have had a relatively risk adverse day with Yen strength and European woes central themes of the day. USD/JPY has lost the 100 handle. Strongest currency by far today appears to be the GBP, bucking the risk off trend.

EUR/GBP collapsed from a strong resistance level today. Unfortunately, I missed that opportunity. Pin bar formed last night and the move was well underway by the time I woke up this morning.

Chart in focus for me today is the EUR/JPY. Few things of note:

• Price is bound within upward sloping channel in the medium term.
• Significant drop today, breaking the short term uptrend on the H4 chart.
• MVAs starting to turn.

Still keeping a close eye on this one, especially at the 129.5-129.8 area. Will be looking for a sell signal forming in this area in the next 24 hours, targeting the 127.4 area.

The 4th July celebrations US tomorrow, so markets will be relatively quiet. EU interest rate decision on tap and then the NFPs to round out the week. Good luck traders and we'll talk to you again tomorrow.

Itching to trade...

Hi all; sitting here with an itchy trigger finger, but can't doing anything about it. Price action has been frustrating. Following significant levels have been cracked so far:

• 100 level for US/JPY
• New high for US dollar index

Price action, however has been less than definitive. See-sawing movement and unconvincing price action all around (at least from my perspective anyway).

Looks like I'll be on the sidelines again. Many times before I've rushed in on a night like this only to have trades go against me more often than not. To those of you who are finding better opportunities ... good luck!

Range trading order of the day...

Hey traders and welcome to today's commentary. Not much going on today with most pairs in consolidation ranges. Just an update from my weekend wrap up. Failed to notice that there were a couple of heads and shoulders patterns forming in certain pairs. Albeit, the neckline is running with the trend. Will still keep a close eye on these patterns today.

Weekly update 29/06/2013

Hello traders and welcome to the weekly recap for the week ending 29/06/2013. Quick update on my trade on Friday. Order was stopped out on the back of Aussie dollar weakeness as the US dollar continued to surge on the back QE tapering speculation.

Heading into a week full of event risks to start the new financial year with the following data on tap:

Mon	EUR	CPI
TUE	AUD	RBA interest rate decision
THU	GBP	BOE interest rate decision
THU	EUR	EUR interest rate decision and monetary statement
FRI	USD	The almighty non farm payrolls pring (NFP)

Key levels for the coming week:

Pair	Level(s)	Description	Bias
EUR/USD	1.3 - 1.31	Potential short entry on reverse pin bar fakeout. Bullish above 1.31	Bearish
EUR/JPY	129.483, 127, 125.162	Barely closed above the downward sloping trend line starting from May top. Outlook neutral for the moment.	Neutral
EUR/GBP	0.85894, 0.847, 0.84	Price rejected from key level (pin bar formation). Will watch for short trade opportunity. Bullish above 0.8589	Neutral
EUR/AUD	1.4396, 1.41681, 1.39769	Aussie weakness persisting. Price may be targeting 1.4396 retest this week.	Bullish
AUD/USD	0.93864, 0.9, 0.877	Fresh multi-year low. Targeting 0.9 psychological level, then 0.877.	Bearish
AUD/JPY	89.087, 92.95	Price consollidating between 89 and 93 levels.	Neutral
NZD/USD	0.78128, 0.74565	Still in consolidation range. Overall bias is still bearish.	Bearish
AUD/NZD	1.18484, 1.17336	Aussie unable to gather any bullish momentum. May see a bearish extension this week.	Bearish
AUD/CAD	0.96389, 0.9569, 0.94815	Watching for short entry signal at 0.96389 level.	Bearish
USD/CHF	0.95529, 0.935, 0.92054	Ranging price action. Watch for long entry at 0.935 level.	Bullish
USD/JPY	99.879, 96.995, 98	Watching for long entry back towards the 98 level	Bullish
XAU/USD	1243, 1273	Persistent strength in bear trend. Watch for short entry signal.	Bearish
SPX500	1624, 1600	Expecting bearish continuation. Technically into a corrective zig zag pattern.	Bearish
USDOLLAR	10876, 10576	Strong bullish momentum. Will probably look to crack 10876 this week. A disappointing NFP could sink the trend.	Bullish
US Oil	97.63	Price still consolidating below the 98 level. Neutral at the moment. Set short entry at 97.32 level. Close above 97.65 confirms bullish scenario.	Neutral
USD/CAD	1.045, 1.055	Close above 1.045 level cofirms bullish scenario. Watch for long entry signals.	Bullish
GBP/USD	1.51754	Strong bearish momenum. Watch for retracement opportunity for short. Short-term correction possible.	Bearish
GBP/JPY	151.849, 150.458, 149.698	Ranging price action. Slightly bullish. Watch for long opportunity this week.	Bullish
GBP/CAD	1.60415, 1.58770	Price consolidating below 1.60415. Only above this level is bullish scenario restored.	Bearish
GBP/AUD	1.667, 1.663	Bullish momentum. Continuation should be confirmed if price closes above 1.667.	Bullish

Good luck trading this week!

Coming to financial year end 12/13

Good evening traders. We are one day out from the last business day of the financial year. Docket is heavy with US data:

- jobless claims
- personal consumption
- home sales

Have taken a short position on a symmetrical triangle formation on EUR/AUD - trading with the down trend and a basic inside bar break out price action signal. With key data on tap, stop is tight.

Entry @1.39957 with a stop @1.4029. Strategy will be quite tight. After initial move of 20 pips, will tighten the stop to break even.

Looking for some continuation into key support area @1.3824. Good luck trading out there all.