Wednesday, 21 August 2013

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.

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