EURAUD at resistance - 27/09/13

EURAUD

Not much happening this week in the markets that I've been interested in.

Noted that EURAUD has reached previous support at the 1.4492 level.

Watching price action at this level for a clear rejection.

Trade - Long AUDJPY

AUDJPY

The Yen continues to weaken.

The Aussie breaks through the level established at 93.45.  I have an order at this level with a stop at 92.34 - looking to catch some momentum upwards.

Entry: 93.45
SL: 92.34
T1: 94.61
T2; 96.42
T3: 97.28

Trade: EURAUD - short

EURAUD

EURAUD has Closed Below established support at 1.4240.

Looking for a retest of this level - and a move lower.

Data:

Entry: 1.42145
SL: 1.43381
FTA: 1.41501
T1: 1.40751
T2: 1.39253

UPDATE:

Lost trade. The level didn't hold - almost immediate rejection stopping me out. Onto the next one:

Weekly Outlook - 16 Sept 2013

Technical outlook for the upcoming week.

EURAUD

On the radar since last week, EURAUD is rotational back to the level at 1.4406.  Looking to short at this area.

GBPUSD

GBPUSD broke through resistance at 1.5718, looking to buy on pullbacks to this level.

NZDUSD

Watch how the market opens next week. If the Kiwi continues to gain momentum against the Dollar - look again for rotations to the 0.8124 level to get long.  The alternative is a bearish rejection signal of this level. 

Gold

Looking for the $1363 level to act as resistance in any rotations upwards in Gold this week. 

GBPJPY

Looking for a retest of the 154.03 level.

Weekly Outlook for 09 September 2013

Technical outlook for the upcoming week. 

Silver:

Silver is in an uptrend - 1st chart is the weekly.  We can see the massive line in the sand at $26.86.  It's acted as support several times in the past.

For longs that would be a very good area to act as a profit target. Could we see Silver reverse at that level?

Down to the Daily. The chart is a little choppy.

Immediate support is found in the $23.14 area. Immediate resistance comes in the $24.50 zone.

Outlook is bullish for Silver. Let's see how this market opens on Monday.  Presently, I think we need to break out of this range of consolidation and retest.

GBPJPY

GBPJPY is trending up. A look at the weekly shows us ranging between 147.92 and 156.59

I'd consider the area marked below as a potential entry long.

The 153 zone has acted as resistance previously.  Can it act as support?

EURAUD

EURAUD collapsed this week, through it's Weekly support level on the chart.  

On the daily - could we see a retest of support acting as resistance @ 1.4460.