The two main events were the rise in the EURUSD and the significant weakening of the yen. Since we enter in the holiday season i expect that the market will not trade rattional and although i will be wathing i am not expecting moves to make sence since all the big players are standing aside waiting for the new year
EURUSD: The pair finished the week strong climbing to 1.3160 and making all the short players out there to feel very uncomfortable. It remains to see if it can break the remaining1.3180 level which will skyrocket the pair very fast to 1.3480
EURJPY: The pair closed the week at 109.90 !!!! It has climbe a lot and a correction is long overdue. I expect above 110-111 to find a significant resistance and stall for a while. Bias remains bullish
EURAUD:The picture in this pair is gettinbg vlearer this weak . Many indicators have turned bullish and the pair is getting also affected by the stronger euro. My bias is buy with a s/l at 1.2290 . However it is not yet at trend
EURCHF: The pair had a spike at the beginning
of last week reaching close to 1.22. However it then falls again. Although, it
gives some indication that it is getting out of the come is still a very tricky
pair. Someone could play the long side with a s/l at 1.2020 and t/p 1.22
USDCHF: As I have already mentioned
this pair is the alter ego of EURUSD. As a result since EURUSD is rising
this pair is falling and the opposite
GBPUSD: The pair managed to change
to uptrend mode last week. Nonetheless i am not very convinced and i don’t
believe that it has a lot of a potential in the upside. Not very clear
picture for this pair either
USDJPY: The pair have broken form a bulish flag(continuation formation). Having taken out the 83 level is aming the 84.and then 85.50 !
AUDUSD: This pair is also in a buy mode . However, it seems that it has problem to rise as fast as the other risk on pair which make me wonder if the rise is meant to be short lived. Nonethe less i remain bulish as long as it trades above 1.0380!
Δεν υπάρχουν σχόλια:
Δημοσίευση σχολίου