G14 OUTLOOK FOR THE WEEK 03 DEC - 10 DEC

Last week we had a consolidation in most pairs since it was  closing of the month and market had many corporate flows. Nonetheless EUR has managed to rise against most crosses indicating a further rise

EURUSD:  The pair  is in a buy mode. It is struggling to break  1.30 . Nonethe less my system shows that next week it will rise further  . Still 1.35 is my target

EURJPY:   This pair continues to be in a strong uptrend getting favoured by the rise in euro and the weakening in the yen .The pair fall early week only to recoup its losses and rise further. 107 target has been reached and now it is eyeing the 110 level

EURAUD: The pair  changed trend last week and now is in a buy mode. However we may see a small retracement before it can climb further

EURCHF: The pair is in the dark bear zone. Strong down (again after a small break of a couple of months the indicators have turned red again)

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 . first target 92.10. If this level breaks we will see a sharp decline to 90.60 area

GBPUSD:  This pair is still in a downtrend but with not any momentum left at the moment.  Tried to break higher last week but it did not suceed . As a result i expect it to resume its downtrend this week with a target 1.5850

USDJPY:  The pair fall last week affected by some profit taking . It has tried twice to break  83 level but not succed. I expect to see a break of that level this week. If not then uptrend will mean that has been exausted for the time being and  we will have a sharp decline to 80.80
 
AUDUSD:   Although this pair has finally gave a buy signal at the  beginning of last week it hasnt managed to established a strong uptrend. It is still consolidating in 1.04 -1.05 area . In the beginning of the week we may see a furtehr decline to 1.0380 before  it resumes a strong uptrend to 1.07 

END OF NOVEMBER P/L REPORT [ 0 PIPS] - ONE NEW TRADE OPEN

 November was not a very exiting month. Yen was the star as market expect to be depreciated dramatically after the new government is elected at the beginning of the December.

I have opened a long AUDUSD trade and i have still open a long USDJPY  since October

Below is a graph of how i have done since the beginning of the year. I still have my strategic longs in EURCHF and USDJPY.

PIPS	FEB	MARCH	APRIL	MAY	JUNE	JULY	AUGUST	SEPTEMBER	OCTOBER	NOVEMBER
BIGGEST  MONTHLY DRAWBACK	-80	0	-122	-200	0	0	0	0	0	0
P/L	512	495	-122	-200	0	0	285	0	0	0
EQUITY	512	1007	885	685	685	685	970	970	970	970

UPDATE ON MY LONG USDJPY TRADE

The pair is very close to my target . I decided to raise my s/l at 81.50!I believe that it should reach its target this week.

UPDATE ON MY LONG AUDUSD TRADE

The pair didnt behave as i was expecting last week. Nonetheless i believe that it has still the potential to rise. This week RBA announce rates and i expect to leave them unchanged which may be the trigger for the pair to break above 1.06. I remain long  with my s/l at  1.0290 and t/p at 1.07

TRADE IDEA FOR THIS WEEK- LONG AUDUSD @ OPENING(1.0465)

UPDATE 09/12/2012:The pair has not behaved as i was expecting. Although it has taken out the 1.0480 resistance it hasnt gained momentum closing the week at 1.0484.I will raise my s/l at 1.0320 and be vigilant to rethink and maybe  close it if it doesnt climb above 1.05 on Monday close.

UDPATE 29/11/2012:  I have entered  my trade at  1.0465 erly monday morning

The pair gave  a buy signal last Friday

I will enter (market)long at the opening of Monday session (00:01) with a target 1.07 and s/l 1.0290.

I will keep a  tight trailing stop on this trade as i expect the movement to be impulsive. Bear in mind that i have still open my USDJPY trade.

G14 OUTLOOK FOR THE WEEK 26 NOV - 30 NOV

The closing of last week was very event full in the FX world.  Although we had a bank holiday on Thursday and Friday in US market (due to thanks giving), Fridays close gave many trend reversal signals to the main pairs. More specifically we have now a verified uptrend in EURUSD, EURJPY, AUDUSD and nice breakout at Gold as well! Below is my weekly analysis

EURUSD:  The pair gave a buy signal on Friday! It has entered in an uptrend mode in both daily and weekly. Most probable target now is 1.3500

EURJPY:   This pair continues to be in a strong uptrend getting favoured by the rise in euro and the weakening in the yen .As I said last week since the pair managed to break the 104.70 resistance is now targeting 107 and then 110.

EURAUD: The pair gives mixed signals with the bear bias still being the stronger. As I said last week only a break of 1.2420 would change the trend and give a strong buy signal

EURCHF: The pair is in the dark bear zone. Strong down (again after a small break of a couple of months the indicators have turned red again)

USDCHF:  As I have already mentioned this pair is the alter ego of EURUSD. As a result since EURUSD gave a buy signal this gave a sell.

GBPUSD:  This was the pair that favoured the list by the risk on mentality last week. Still in a downtrend but with not any momentum left at the moment. Not a very clear picture

USDJPY:   The star of the last few weeks. The pair is continuing its strong uptrend in full throttle! All indicators are at buy mode. I expect to reach 84 next week and then 92 in the following weeks after

AUDUSD:  Last week the pair did not have a clear picture. However, since the closing of last Friday it has given a strong buy signal. First target 1.0620 and then  1.0800

JIM RICKARDS: A CURRENCY WAR SIMULATION