Posted by: joetradingplace | January 4, 2013

Daily Analysis 04/01

Swissy long from 9105…final target at 9315….

I think price is more likely to retrace to 9250s zone before we could see another push higher. Hope there will be an opportunity to add to the long position.

swissy

 

Eurusd

eurusd 2

 

Eurjpy

eurjpy

 

Eurnzd Analysis

From mid december, we have been bullish this pair, but when the pair failed to follow through above 6100, we turned bearish, but couldn’t find a good setup to take a short postion, now we are waiting for price to retrace back to the blue line( previous pivot level), and we will be looking for a short position around the green box…1st trg should be around the recent pivot lows.

eurnzd

Gbpaud Analysis

Price is more likely to retrace and retest the previous support (blue line)….so we are waiting for the pullback to join in the doen trend…we will be looking for short positions around the blue circle.

gbpaud 1

 

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