Month: December 2012

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AUDUSD 20.12.2012 Trade Result

AUDUSD 20.12.2012 Trade Result

Excerpt from my previous AUDUSD posting dated 18.12.2012 : ” I am more inclined to short the AUDUSD. I would be looking for the 1.0525 to be broken and target the 1.0490 as first target profit then followed 1.0464.”  This was what exactly happened for the AUDUSD trade. The price closed below 1.0525 on the morning…

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EURUSD 20.12.2012 Outlook

EURUSD 20.12.2012 Outlook

Based on my last posting on the EURUSD, I mentioned that I was looking for price weakness at the 1.3171 level. I also mentioned that if the price manage to close above the 1.3171 (marked in red) price will go on to test the 1.3269 level which it did. We now see a long upper…

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EURUSD 18.12.2012 Outlook

EURUSD 18.12.2012 Outlook

Price is showing exhaustion after testing the 1.3171. However due to the current momentum I am staying aside until I see a bearish price indication on the D1 chart. A close above 1.3171 would see price test the 1.3269. Due to the ongoing negotiations on the fiscal cliff, I believe we would see some movement…

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AUDUSD 18.12.2012 Outlook

AUDUSD 18.12.2012 Outlook

With the kids having a super long holiday and getting restless, I had to take some time off to be with them. The family is the rock for all to do well in everything. Based on the last posting on 11.12.2012, I mentioned that we had a rising bearish wedge. Price however went on to…

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AUDUSD 11.12.2012 Trade Outlook

AUDUSD 11.12.2012 Trade Outlook

The AUDUSD has been on a steady rise since October 2012. However we are seeing a bearish rising wedge pattern forming and price action indicates that the upwards momentum is slowing down. I will continue to look for price weakness in the Daily chart and confirmed the weakness in the smaller time frame. The two…

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11.12.2012 Trade Result

11.12.2012 Trade Result

Based on the outlook given yesterday, I took one trade out of two. I shorted the GBPUSD and exited the trade with a 16 pips loss. The maximum positive pips I was looking at during the trade was 12 pips. As for the EURUSD, there were no bearish price confirmation for me to execute my…

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GBPUSD 10.12.2012 Outlook

GBPUSD 10.12.2012 Outlook

Daily Chart Currently price is trading at the 1.5977-1.6045. Selling pressure has not abated. However the support area is not far. The high lighted area in blue clearly shows the area where price shows clear support area. Hourly Chart Price is testing the 1.6026 support area and I would be looking for a strong close…

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EURUSD 10.12.2012 Outlook

EURUSD 10.12.2012 Outlook

Daily Chart The 1.3039 has been 3 times in the past 4 months. At every test of the 1.3039 level, price experience strong resistance. There is no signs that the selling has abated. Support on the daily chart is at 1.2829. If price is able to close strongly below the 1.2829, I would view the…

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