EURO, JAP YEN and EURO-YEN
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering to our newsletter.USD-CHF @ 1.1707/09...Holding Long
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R: 1.1803-08 / 1.1861
S: 1.1670 / 1.1625 / 1.1570-45
Dollar-Swiss has moved up a bit during the day, consolidating the gains seen on Friday. If and while the market remains above 1.1670 now, there are good chances of the upmove extending further up towards 1.1808 (projected Max High for the Day) or even 1.1850-60 over the course of the week.
Holding:
USD 10K Long at 1.1711, SL 1.1660, TP 1.1770.
GBP-USD @ 1.4560/62...Bearish, sell rally/ retracement
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R: 1.4593 / 1.4658 / 1.4785-4800
S: 1.4538 / 1.4463 / 1.4413
The Pound has fallen further during the day, breaking below 1.4593 also. Thus there is a very good chance that the uptrend that had started at 1.3655 (11-Mar) has been broken, or is under serious threat at the very least. If the market remains below 1.46 today (it well might), further decline towards 1.4463 might be at hand. Rallies towards 1.46, if seen, are likely to attract selling.
Limit Sell Order:
Sell GBP 10K at 1.4593, SL 1.4673, TP 1.4485
AUD-USD @ 0.7051/54...Uptrend broken
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R: 0.7109 / 0.7140 / 0.7165-85
S: 0.7045 / 0.7000 / 0.6945-25
A sharp fall has taken place in the Aussie today, breaking below the important level of 0.7093 and a fall to almost 0.7045 (our alternative projection in the morning) has taken place. The uptrend since the 04-Mar low of 0.6285 has been violated.
As such, if the market remains below 0.7100 today, there are good chances of the falling extending down towards 0.6945, the 38.2% retracement of the rise from 0.6285 to 0.7328.
Limit Sell Order:
Sell AUD 10K at 0.7092, SL 0.7150, TP 0.6960
OR
Stop Loss Sell Order:
Sell AUD 10K at 0.7020, SL 0.7150, TP 0.6960
Happy Trading!







