First report for the New Year

Hi all and welcome to my first post in 2013. Was a quiet one leading into end of year holidays for me hence the absence in any posts. However, back this week, more optimistic than ever. Good luck all for 2013.

Key levels to watch for in the coming week (14/01/2013) Pair Price Bias Comments AUD/CAD 1.027, 1.03254, 1.04278 Bear False break of 1.04278 and the downward trend line since Feb 2012 AUD/JPY 88.741, 91.211 Bull Watch for retracement for long entry. Confluent level at 38.2% Fib retracement of the current leg up. AUD/NZD 1.25186, 1.269 Bear Consolidation moves at the moment. AUD/USD 1.03664, 1.04103, 1.04779, 1.05825 Bull False break of 1.05825 at the end of the week. NZD/USD 0.82654, 0.83395, 0.84596 Bull Topside failure at 0.84596. EUR/USD 1.31256, 1.328, 1.34768 Bull Clean break of 1.328 level. EUR/AUD 1.25368,1.2801 Bull Break back above 1.23568 pivot. EUR/GBP 0.81484, 0.82195, 0.82828 Bull Previous resistance high breached. GBP/AUD 1.51987, 1.5277, 1.54658, 1.5634 Bear   GBP/USD 1.58287, 1.60125, 1.614, 1.63047 Range   USD/CHF 0.92414, 0.94301 Range Approaching top of the range @ 0.94301. GBP/USD 1.59134, 1.59774, 1.60814 Bear Break back below downtrend line. Key supports @ 1.59771, then 1.59134

General Commentary

Euro resurgent after ECB meeting. Commodity currencies looking healthy after strong Chinese economic prints.

Weekly Forecast 19/11/2012

Key levels to watch for in the coming week (19/11/2012)

Pair	Price levels	Bias	Comments
AUD/CAD	1.027, 1.0386	Neutral	Break back below 1.0386. Consolidation bias.
AUD/JPY	83.563	Bull	Clear break and hold of 83.563.
AUD/NZD	1.269, 1.28090	Bull	Watch for rotation back into resistance turned support @ 1.269
AUD/USD	1.03238, 1.04091	Neutral	Consolidation between 1.03238 and 1.04091
NZD/USD	0.81019, 0.83551	Neutral	Bullish pin at the bottom of the range.
EUR/USD	1.25907, 1.2696, 1.2803	Bear	Break of double top pattern. Test of support turned resistance last week @ 1.2803. Short term consolidation.
EUR/GBP	0.79527, 0.80038, 0.80578, 0.81136	Neutral	Consolidating in range.
EUR/CAD	1.26, 1.28	Bear	Test and rejection at 1.28037.
EUR/JPY	102.2719, 103.849	Neutral	Test of resistance at the top of the trading range.
EUR/AUD	1.217, 1.2374	Bear	Tested previous support turned resistance @ 1.2374
GBP/USD	1.5757, 1.59134, 1.59774	Bear	Slight bounce last week. First resistance @ 1.59134, then 1.59774.
GBP/AUD	1.5277, 1.54658, 1.5634	Bear	Small bounce in the previous week. May consolidate between 1.5277 and 1.54658.
GBP/JPY	125.66, 127.011, 128.177, 129.458	Bull	Break of resistance at 128.177 in the previous week. Targeting 129.458.
GBP/CAD	1.57797, 1.59528	Bull	Currently consolidating between 1.57797 and 1.5972.
USD/CHF	0.94176, 0.95116	Neutral	Successful test or resistance support @ 0.94176.
USD/JPY	79.273, 80, 80.541, 81.683	Bull	Huge run targeting next resistance @ 81.683.
XAU/USD	1672.5, 1698.3, 1736.05	Bull	Consolidating in range between 1698.3 and 1736.06.

My setups to start off the week

Pair	Setup	Trend Direction	Comments
AUD/USD	Pin Bar	With	1.03185 LE 1.02804 Stop 1.0410 Limit Risk to Reward: 1/2
EUR/CAD	Pin Bar	With	1.2793 SE 1.28371 Stop 1.26 Limit Risk to Reward: 1/6

Weekly Forecast 12/11/2012

General Commentary
SPX 500 in decline. Clean break of 1400 level off the previous week’s pin.
USDOLLAR index still at the top of the current range after a test of the range bottom. Pair Price Bias Comments AUD/CAD 1.027, 1.0386 Bull Break and hold of 1.0386. Inside day closing out the week. EUR/AUD 1.22259, 1.2374 Bear Inside day. Watch for rotation back into 1.2374. GBP/AUD 1.53109, 1.54658, 1.5634 Bear AUD/JPY 81.969, 82.959, 83.563 Range Pin bar at Friday close. AUD/NZD 1.269 Bull Watch for rotation back into resistance turned support @ 1.269 EUR/USD 1.25907, 1.2803 Bear Break of double top pattern, targeting 1.25907. NZD/USD 0.81019, 0.83551 Range Ranging market. AUD/USD 1.03238, 1.04091 Range Price action closing back into the range. USD/CHF 0.93915, 0.94301, 0.94704 Bull Tentative break of previous resistance at 0.94704 GBP/USD 1.5757, 1.59134, 1.59774 Bear Accelerated losses below 1.59774. Looking to target 1.5757. USD/JPY 79.273, 79.65 Bear Friday pin bar close off key support level. EUR/GBP 0.79527, 0.80038 Bear Watch for retest of 0.80 level. GBP/CAD 1.57797, 1.59528 Bear Engulfing bearish candle on Friday. EUR/CAD 1.26, 1.28 Range Price action consolidating between 23.6% and 38.2% Fib. EUR/JPY - Bear XAU/USD 1713 Bull False break of 1698.3. Price action pushing back through 1725.