Posted by: joetradingplace | January 14, 2013

Daily Analysis 14/01

Eurusd

Price broke through the pivot high last week, a retest of the pivot around the 3300s is possible…thats when price will decide wether to follow through or retrace a bit more, we will be watching the pair closely as it reaches this pivot zone. If she fails to follow through, a big and quick drop will be possible…time will tell.

eurusd trend

Gbpjpy

Price broke the pivot high, a retest of the pivot is possible…we will be watching as price approaches the pivot. If it follows through, we jump on the wagon….but if it fails, we will act accordingly.

geppy trend

Eurnzd

Price is retesting the pivot, thats where it will decide to follow through or drop down. We are watching this pair closely since she is at a very significant level….I think we are more likely to see some sideways move before she dicides direction…but i feel she might drop and if she drops she will drops hard.

eurnzd pivot
Gbpaud

Pair is at a very significant level…it broke this pivot to the dowside last week, but failed to follow through, now she back to retest the same pivot. I think price is more likely to bounce off now and push higher in the next hours/days. We are watching this pair closely for a good setup to position ourself.

Gbpaud pivot

Aussie

Price is at a very signficant level on this pair…a level where price might either keep pushing higher or bounce off. Looking at the weekly chart, the pair has been in a wedge for a very long time now and price is at the upper TL of the wedge, if price breaks through and follows through, the pair will move higher, but if price breaks through and fails to follow through, there is a lot of room for a move to the downside. For now its a wait and watch closely, because this level is very signficant. If we move down to the daily chart we can see how price is pressing on the upper TL of the wedge…could be a very good trendy trade from this pair in the next days/weeks

Weekly Chart

aussie weekly

Daily Chart

aussie daily

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