General Market Outlook - May 22nd, 2014
Interesting Pairs:
AUD/USD - Bullish
- Possible long entry in the 0.920X/0.918X region
- Round support level of 0.9200
- Tip of the wick from the bounce last time
EUR/USD - Bullish
- Possible long entry in the 1.362X/4X region
- Tip of the wick from last week and yesterday
NZD/USD - Bullish
- Possible long entry in the 0.852X/0.850X region
- Bottom of the range
- Support / demand region
USD/JPY - Bearish
- Possible short entry in the 101.8X/102.0X region
- Test of broken long term upward trend line
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Developing Pairs:
USD/CHF - Bearish
- STILL waiting for price to hit the top trend line in the high 0.89XX region
- Price may not get there if EUR/USD reverses from here
XAG/USD - Bearish
- STILL waiting for the descending triangle to break support and move down.
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Confusing Pairs:
GBP/USD - Bullish
- I'm bullish but not sure where I want to load longs yet...
USD/CAD - No comment
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Note: Refer to the last General Market Outlook for analysis going into this week's trade scenarios
Disclosure: I have no open positions right now but may trade based on my analysis, so take this into consideration as I may be biased.
AUD/USD - Bullish
- Possible long entry in the 0.920X/0.918X region
- Round support level of 0.9200
- Tip of the wick from the bounce last time
EUR/USD - Bullish
- Possible long entry in the 1.362X/4X region
- Tip of the wick from last week and yesterday
NZD/USD - Bullish
- Possible long entry in the 0.852X/0.850X region
- Bottom of the range
- Support / demand region
USD/JPY - Bearish
- Possible short entry in the 101.8X/102.0X region
- Test of broken long term upward trend line
---------------------------------------------------------------------------------------------------------------
Developing Pairs:
USD/CHF - Bearish
- STILL waiting for price to hit the top trend line in the high 0.89XX region
- Price may not get there if EUR/USD reverses from here
XAG/USD - Bearish
- STILL waiting for the descending triangle to break support and move down.
---------------------------------------------------------------------------------------------------------------
Confusing Pairs:
GBP/USD - Bullish
- I'm bullish but not sure where I want to load longs yet...
USD/CAD - No comment
---------------------------------------------------------------------------------------------------------------
Note: Refer to the last General Market Outlook for analysis going into this week's trade scenarios
Disclosure: I have no open positions right now but may trade based on my analysis, so take this into consideration as I may be biased.
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