Nothing important to add here. These are the target areas for the event.
We have reached a price range, where in past we have seen very-very violent reactions and this week is ideal for something similar to happen (US GDP, FOMC, ISM etc). The whole world is bearish on EUR + the all important weekly trendline is broken (a bearish sign for a lot of traders). So... time to turn around?
Pound reached my area of interest and I'm looking for clues to find entries to the long side. I'm not interested in shorting this one. However, I might wait until the FOMC statement is behind us to avoid any suprises.
Not much to add here. Keep a keep close on that possible wedge. I would prefer a break lower.
Not much to add here as there has been very little change in the price action for a considerable amount of time. The Support Zone is holding so far. If it should fail, I would look towards 0.9200 area and if we should break higher, then the next area of interest for me is 0.9580.
Kiwi is approaching my area of interest and I'm expecting a bounce higher from there. How much higher, I'm not sure as I'm not interested to trade that area at the moment but I am interested to see what kind of reaction it will be and after that I'll start looking for possible trades.
EURCAD pushed higher in the end of the week and even though the whole move was a CAD move, I stil like it. If EURUSD should pick up we might see further follow-through in this pair. I'll be watching this one closely next week.
Next week I'll be tracking this pair and if I see a solid break of the upper trendline then I'll start looking for possible long entries.
Not much to add here. Everything is on the chart.
101.40 area support held this time and after a fairly beautiful re-test of the trendline we started moving up. Also, keep in mind that we might have triangle there, which also has a measured move. However the triangle scenario is fishy, so consider it as a "secondary analyses".
Kiwi pushed lower after RBNZ press conference. Eventhough the central bank raised the rates from 3.25 to 3.50 the market decided to play a little trick on news traders and sold off instead. This kind of situatsion is fairly common. However in bigger picture I'd say Kiwi will remain bullish and for now, I'm looking to see if we reach the 0.8500 area.
For me, the areas of interest have not changed - still looking for 1.0808/58. When the price reaches that area, I will start looking for further clues to what might happen next.
Pound has been very well bid against the USD and at current moment the pair is consolidating above a fairly important support area. I have no idea how important the scheduled data release is for the pair but from the technical perspective, a break here could go either way.
US Core CPI pushed EURUSD to new lows and currently the price is testing the last meaningful support @ 1.3464 area. If we should break this one then the next area to keep in mind is near 1.3375/34. However, if we should turn here, then I would look towards 1.3640 area. Time will tell.
During the Asian session USDJPY suddenly found bids and pushed through the 101.40 level which will probably act as a support for today. We shoudn't see any significant movement before the Core CPI later today. 102.00 could still attract the price and 100.70 remains as the main support. All levels valid - nothing's changed.
EURAUD is just sitting near the range support area and on any other day I wouldn't find it interesting but, since Gov. Stevens from RBA is going to speak today, things may change fairly fast in this pair. In general, market is expecting Stevens to do what he usually does: to push Aussie lower across the board. Hence this area could be a nice place to try to trade...
This pair is trading near interesting levels. I'd say we could go in both ways here and probably the main driver for this pair will be USDJPY. I do like the upside a bit more but in the same time USDJPY is looking rather heavy. Anyways, interesting situatsion here and in my opinion - worth watching.
It is quite possible that this pair may fail @ 0.9000 level once again and start pushing towards 0.8800 simply because EURUSD is @ support and these two pairs are usually inverse correlated.