Chart Analysis 24 May 2013

USD/JPY Analysis

 

USD/JPY Daily Chart 24 May 2013

The USD/JPY did retrace as we mentioned before in our previous analysis. We manage to ride with the yesterdays's  retrace movement to gain some profit. After retrace back to 101.25 support, we consider USD/JPY will have some strength to move up further for now and then.

AUD/USD and NZD/USD Analysis 

AUD/USD Daily Chart 24 May 2013

AUD/USD bounce off rejecting support 0.9600 ( double zero ). We might find a buy opportunity from this move since this is an important support for AUD/USD as seen also as the monthly chart. 

AUD/USD Monthly Chart 24 May 2013

Our analysis on the AUD/USD is the same as the NZD/USD, since them both are highly correlated pairs. Only we found the weight of the evidence is much heavier on AUD/USD since the support level is also a monthly support level.

NZD/USD Daily Chart 24 May 2013

EUR/JPY Analysis 

EUR/JPY Daily Chart 24 May 2013

EUR/JPY retraced back to its support  131.10 correlating with USD/JPY. After regaining its strength we consider it will get back up again.

Target Hit : Sell @USD/JPY

23 May 2013   USD/JPY Daily Chart

Our Latest Trading Signal has just get a target Hit Resulting +106 pips or +2% Capital Gain. Check it out !
Entry Sell : 101.97
SL : 102.50
TP : 100.91

Chart Analysis 23 May 2013

EUR/USD Analysis 

EUR/USD Daily Chart

Yesterday EUR/USD has been rejected off resistance 1.2952 like we mentioned before in our previous analysis. We can then sell this pair if price retrace @1.2917

XAU/USD Analysis 

XAU/USD Daily Chart

XAU/USD H4 Chart

Yesterday the Gold price was dumped at the American session similar to EUR/USD.  Rejecting the EMA 8 in the daily chart opened a door to short opportunity. If price then retrace back to 50% of its yesterday's daily bar then we might find a sell opportunity.

GBP/USD Analysis : Target Hit !

GBP/USD Daily Chart

The GBP/USD did make a huge move yesterday hitting our target profit resulting a +136 pips profit. And the move stops right at the next support 1.5032. We must note this support as important one. Through this post i would like to point out how a good trading set up was made with a 1: 2 Risk /Reward Ratio. Before that, the price was already break the 1.5200 support level forming an inside bar. We figured out that the price might break the mother bar low after it move back down at 21th May.

GBP/USD H4 Chart

 Still on the GBP/USD Analysis we found a near term resistance at the H4 Chart @1.5157. If price then retrace back to that resistance at the H4 Chart we would find a sell opportunity.

XAU/USD Analysis 22 May 2013

22 May 2013   XAU/USD Daily Chart

22 May 2013   XAU/USD H4 Chart

The XAU/USD was trying to break the 1337.xx support level but failed. It made a decisive move to go up instead. Yesteday this pair fell against H4 near term resistance @ 1392.84. But we believe this pair can still go back after rejecting @1360.xx level at the American session.

USD/CAD Analysis 22 May 2013

22 May 2013   USD/CAD Daily Chart

22 May 2013   USD/CAD H4 Chart

USD/CAD has rejected the 1.0292 resistance formed with a large pin bar as we may see on the H4 Chart. As we can see, our weight of the evidence of our technical analysis is that the inability for USD/CAD to close above the resistance level. We also notice that there's a 1.0300 ( double zero ) level that this pair cant penetrate. Through this post , we also like to point out how to put our stop loss. Which is, it should be a little bit above or below the rejection level.