Sunday, August 20, 2017

EN Outlook (WW34FY2017)

Daily Trend and my trading plan..(long upon retrace is a safer bet)

Sunday, July 30, 2017

GA Outlook (WW31FY2017)

Weekly structure...(in corrective move for continuation of dwn trend)?

H1 and the plan for next week

EA Outlook (WW31FY2017)


GJ Outlook (WW31FY2017)


Saturday, July 16, 2016

GBPUSD (18July-22July) Outlook

Weekly
Closed the week ,giving up half of the weekly gains on Friday failing to break Post-Brexit resistance @1.348xx [Range1 Upper Band].
 
Daily
Friday close below 1.3200 [Range1 Lower Band] signals weakness in Bulls.
Price may dive all the way to 1.303x or even to 1.290x.

My trading plan
Look for long only above Range1 Upper Band is broken
EP-    1.3500
TP-    1.3850-1.3900 Zone
SL-    <1 .32="" font="">






GBPNZD (18July-22July) Outlook

Weekly
Closed the week with weaker bullish engulfing bar than GBPJPY signaling a trend change to bull bias. Confirm with next week candle.

Daily
Friday close formed a pinbar (very bearish) with highest volume for the week which i guess a profit taking event coupled with rate cut possibility from BOE.
Looking at the volume and situation last friday, we could expect it will retrace to Zone1[1.825-1.835] or even further to Zone2[1.795 to 1.805] next week (before 21July/ RBNZ).

My trading plan
Look for bull signal during the above-mentioned retracement.
EP-    1.825-1.835 and 1.795 to 1.805
TP-    1.885-1.930 Zone
SL-    <1 .768="" font="">



USDJPY (18July - 22July) Outlook

Weekly
Closed the week with bullish engulfing bar signaling a trend change to bull bias.
Confirm with next week candle.

Daily
Friday close formed a pinbar with highest volume for the week which i guess a profit taking event.
Looking at the volume and situation (monitoring Abenomics rumors/news) last friday, we could expect it will retest 104.xx-103.xx zone next week.

My trading plan
Look for bull signal during the above-mentioned retracement.
EP-    103.xx-104.xx
TP-    107.xx-108.xx
SL-    <102 .xx="" font="">






USDJPY (18July - 22July) Outlook

Weekly
Closed the week with bullish engulfing bar signaling a trend change to bull bias.
Confirm with next week candle.

Daily
Friday close formed a pinbar with highest volume for the week which i guess a profit taking event.
Looking at the volume and situation (monitoring Abenomics rumors/news) last friday, we could expect it will retest 104.xx-103.xx zone next week.

My trading plan
Look for bull signal during the above-mentioned retracement.
EP-    103.xx-104.xx
TP-    107.xx-108.xx
SL-    <102 .xx="" font="">






Saturday, June 11, 2016

AUDJPY (13 JUN - 17 JUN 2016) OUTLOOK

As mentioned in earlier weeks, AUDJPY remains range bound (78.2xx - 80.5xx)
Expect to hit upper band of range next week.
I m in LONG bias for next week (TP @80.0xx & SL @ 78.2xx)
   - Break of 79.0 will definitely bring to 79.7xx to 80.0xx lvl (ref: 1H chart)


 

Saturday, May 21, 2016

USDJPY OUTLOOK (23 - 27 MAY 2016)

USDJPY rose until 110.5xx lvl and retraced..(strong resistance @ 110.5xx to 111.8xx)
I m bearish or hope for reversal based on 20May Candel formation.
Expect to retrace to 109.0xx and 108.77.

Update1 [25 May 2016] : Managed to retrace to 109.100 on 23May2016 ,but miss my target of 109.0xx lvl and rebound. Let's wait until the end of the week.

Update2 [28 May 2016] : Bounced back to 110.1xx level on 27 May 2016 upon Yellen's anticipation of June rate hike. I m still expecting of reversal to 109.6xx ->109.2xx->108.6xx as long as 110.5xx lvl is held. (i m still holding some shorts with SL @110.66)

Update3 [10 Jun 2016] : My shorts triggered. (seems) it is LOW. But it did managed to free-fall to 106.3xx lvl following BAD NFP data.




Updated chart closed on 27 May 2016

Updated Chart closed on 10 Jun 2016