Month: November 2012

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GBPUSD 16.1.2012 Outlook

GBPUSD 16.1.2012 Outlook

  Based on yesterdays price action, I have updated the box of the GBPUSD. I will buy the GBPUSD if the 1.5897 level is broken and targeting next resistance at 1.5957 and sell the GBPUSD if the 1.5837 level is broken and targeting the next support at 1.5771.

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EURUSD 16.11.2012 Outlook

EURUSD 16.11.2012 Outlook

Prices has found support at 1.2657 box and a hammer was formed there. Looking back, the 1.2657 area is also the past support and resistance area. As discussion among the U.S. lawmakers are still going on and budget and tax talks are scheduled for today, I expect prices to be stuck in the 1.2729 and…

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Gold Trade results 13.11.2012

Gold Trade results 13.11.2012

I spotted an opportunity to short the GOLD at 1723.50. The trade turned out to be a dud where the price closed above 1725.51 about 3 hours later. I took a loss and exited the trade at 1727.10. After reevaluating the new boxes, I have updated the boxes to: 1723.21 – 1735.31, 1712.26 – 1723.21…

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U.S. 2013 Headache

U.S. 2013 Headache

  At the change at midnight on 31st December 2012, the U.S. government will face conundrum better known as the “Fiscal cliff”. Among the laws set to change are the end of last year’s temporary payroll tax cuts which will effectively increase tax for workers by 2%, the end of certain tax breaks for business,…

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USDJPY 14.11.2012 Outlook

USDJPY 14.11.2012 Outlook

After being stuck in the 79.21 – 79.57 box range for 3 days, The USDJPY finally broke above 79.57 and break it did. Price are now in the 79.86 – 80.17 box. I view the 80.17 resistance as a very important resistance for the USDJPY for the moment. A close above 80.67 would see the…

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AUDUSD 13.11.2012 trade result

AUDUSD 13.11.2012 trade result

Yesterdays AUDUSD long hit the intended target profit. I posted the target profit as 1.0440. What I did was minus 3 pips spread from 1.0440 and had target profit at 1.0437. A habit I have since there may be a +-3 pip error margin in drawing the trend line. The entries explain in the posting…

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AUDUSD 12.11.2012 Outlook

AUDUSD 12.11.2012 Outlook

Had a 2 day break from trading and a nice rest. Needed the rest to get rid of the stubborn runny nose. I updated my Aussie charts and nothing has changed much. Just one or two pips difference. The AUDUSD had a box at the 1.0406 – 1.0440 zone and I took this trade after…

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