Trend analysis & EUR USD JPY AUD trade setups | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

eur/usd, eur/jpy, usd/jpy average 0 replies

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

Some Trade Setups & Contributions 2 replies

Attachments: Trend analysis & EUR USD JPY AUD trade setups
Exit Attachments

Trend analysis & EUR USD JPY AUD trade setups

  • #1
  • First Post: Nov 4, 2009 12:08pm Nov 4, 2009 12:08pm
My take on trends of some majors & exotics, plus possible trades to take; please join in for other good RR trades you think might develop/developing.
  • #2
  • Nov 4, 2009 12:11pm Nov 4, 2009 12:11pm
EURUSD

In my view, the pair is currently in downtrend, entered last week with the break of 1.48 level.

With 1.4950s level to watch, it could pay well to take a short from 1.4840-60s to cash in around 1.4660-80s.
  • #3
  • Nov 4, 2009 12:34pm Nov 4, 2009 12:34pm
where are you getting a down trend?
Attached Image (click to enlarge)
Click to Enlarge Name: maket.jpg Size: 84 KB
  • #4
  • Nov 4, 2009 3:04pm Nov 4, 2009 3:04pm
Quoting hdc88
where are you getting a down trend?

I agree with the post above, but thats in shorter time frame; given the struggle of EURUSD around 1.49-1.4950s, I believe pair will need more boost; maybe NFP, to break above.

Until then, good shorting opportunity for every quote above 1.4850s in my opinion, targeting 1.4650s and lower.

Pair currently stands at 1.4870s now; for around 80 pip stop, one could target 200+ gain. Risky, yes. Possible, yeah.
  • #5
  • Nov 4, 2009 3:06pm Nov 4, 2009 3:06pm
USDJPY

This pair is also in a down channel in my view; will struggle above 91, to 92.50s. Every quote above 90.50s is good to short, and target could be 89.50s.

Will take the short opportunity if/until a decisive move above 92.50s.
  • #6
  • Nov 4, 2009 3:09pm Nov 4, 2009 3:09pm
GBPUSD

As the last point, i believe GBP is a bit more stronger than EUR, and in up channel against USD.

Closed the longs taken at yesterday's lows around 1.6350s at around 1.6570s with today's move higher; for a quick 200+ points.

Still have small amount of longs, in line with the trend.

Will wait for a pull back to 1.6420s and possibly 1.63 to enter more longs.

My view is that even though we may see swings, the pair will remain in the up channel until a decisive break of the 1.62 level.
  • #7
  • Nov 4, 2009 3:10pm Nov 4, 2009 3:10pm
Anyone have opposing position/view like me, EUR short and GBP long?

Yeah, for some time they will cancel each other's gain/loss; acting like a hedge; but still don't know if EURUSD will break above 1.4950s or not; so i'm feelin' good.
  • #8
  • Nov 4, 2009 5:56pm Nov 4, 2009 5:56pm

USDCAD

It looks like the up trend is still in tact; however 1.0550-1.0575 area is important to watch for a reversal there; possible to go short below that point.


However, right now, it looks like good RR is present to go long from these area at aroun 1.0620s, to target 1.0820s. Thats 200+ pips right there. The risk is around 50-70 pips. Might be worthy to give it a try; i will, since am still in the uptrend board.

  • #9
  • Nov 4, 2009 7:14pm Nov 4, 2009 7:14pm
Quoting preneur
EURUSD

In my view, the pair is currently in downtrend, entered last week with the break of 1.48 level.

With 1.4950s level to watch, it could pay well to take a short from 1.4840-60s to cash in around 1.4660-80s.

The pair is sliding lower...

Some portion of the shorts might be cashed in around 1.4750-75 area, the other half/or whatever could be carried for the initial target of 1.4650-80s.
  • #10
  • Nov 5, 2009 9:43am Nov 5, 2009 9:43am
EURUSD

The pair still held below 1.4950s; which as discussed earlier, would need a boost from NFP to be taken out.

Still in bear trend region. Added some shorts as pair moved above 1.4900, targetting 1.4750s and possibly 1.4650s;

Trend positions (of short) still intact; until a move above 1.4950s
  • #11
  • Nov 6, 2009 4:23pm Nov 6, 2009 4:23pm
Quoting preneur

USDCAD

It looks like the up trend is still in tact; however 1.0550-1.0575 area is important to watch for a reversal there; possible to go short below that point.


However, right now, it looks like good RR is present to go long from these area at aroun 1.0620s, to target 1.0820s. Thats 200+ pips right there. The risk is around 50-70 pips. Might be worthy to give it a try; i will, since am still in the uptrend board.


Paid well...

USDCAD kept its uptrend. Trades from 1.0620s, which gave opportunity for two straight days, is now 150+ points in profit. Cashed 1/3 of positions. Looking to cash the other 1/3 at around 1.0820s; keeping the rest as the trend direction position.


Anyone thought it was good value around 1.0620s and took long entries?
  • #12
  • Nov 7, 2009 9:55am Nov 7, 2009 9:55am
Thank you for starting this particular thread. Understanding the trend, where
you currently are within it, and, where you anticipate it will go ----the most
challenging points in reading charts. Thank you for helping us to do this for
ourselves by your reasoning.

happy trading
  • #13
  • Nov 11, 2009 6:34pm Nov 11, 2009 6:34pm
GBPUSD

Pair reached back enough to enter more longs; could be another swing down, but believe that the extra long from here will pay fine -> look to cash above 1.68
  • #14
  • Nov 11, 2009 6:35pm Nov 11, 2009 6:35pm
Quoting trademeister
Thank you for starting this particular thread. Understanding the trend, where
you currently are within it, and, where you anticipate it will go ----the most
challenging points in reading charts. Thank you for helping us to do this for
ourselves by your reasoning.

happy trading

picking the direction of the trend right is the 1st thing to do, in my view.

would also appreciate your view of the directions of trends
  • #15
  • Nov 11, 2009 6:44pm Nov 11, 2009 6:44pm
EURGBP

The down trend began almost a month ago, with move below 0.9120s is on the line, however still in tact.

GBP weakness during last couple of sessions saw the pair rise toward 0.91. For 1:2 RR, it could be a good idea to short the pair, targeting 0.8920s. GBP is likely to outperform EUR during the next couple of sessions.
  • #16
  • Nov 11, 2009 6:51pm Nov 11, 2009 6:51pm
Further Bad signal for $

Counter pairs, used in tandem with carry trading, for their relatively high paying interest rates, AUD and NZD is showing extra strengths, and have broken lower in both EURAUD and GBPAUD (EURNZD and GBPNZD also)

The pairs tried to rally higher during the last three weak, but now failed and broken lower of their base. This is an extra sign of the dollar weakness to come. Noting that, if the dollar succeeds to reverse this setup, 2nd time in a row, in a short time, we will witness one of the notable dollar rallies ever.

However, right now, all hell broke lose for the US dollar...
  • #17
  • Nov 12, 2009 9:09am Nov 12, 2009 9:09am
EURJPY & GBPJPY


After a run-up since last couple of days, both pairs struggle to move higher. There is an opportunity to short with RR:1

might be worth to give it a try
  • #18
  • Nov 12, 2009 1:39pm Nov 12, 2009 1:39pm
USDJPY

Similar to the setup and opportunity over at EURJPY and GBPJPY (and most other JPY crosses), with the recent weakness of JPY, the pairs moved higher. However, they are still in the downtrend region.

With RR1, it could pay to short from here, to profit for around 100+ points.
  • #19
  • Nov 13, 2009 6:33am Nov 13, 2009 6:33am
Quoting preneur
EURGBP

The down trend began almost a month ago, with move below 0.9120s is on the line, however still in tact.

GBP weakness during last couple of sessions saw the pair rise toward 0.91. For 1:2 RR, it could be a good idea to short the pair, targeting 0.8920s. GBP is likely to outperform EUR during the next couple of sessions.

Target HIT -> Ca$h 100+ points.

Keeping the main trade, short. Will wait for a retrace to enter more shorts to cash them.
  • #20
  • Nov 13, 2009 6:39am Nov 13, 2009 6:39am
Quoting preneur
EURJPY & GBPJPY


After a run-up since last couple of days, both pairs struggle to move higher. There is an opportunity to short with RR:1

might be worth to give it a try

Target Hit -> Ca$hed 150+ points each

As previously discussed, JPY crosses across the board were showing signs of weakness, and JPY reversed its decline and brought the pairs down.

The main trends of JPY crosses are still in tact and direction is down. Keeping the original shorts taken late Oct, 28th to be precise. Will wait for another retrace, if we get one, and i highly doubt for now, to enter the extra shorts again.
0 traders viewing now