Monday, July 24, 2017

Crosses Intra day trades

The below are the trades I am looking at today. The 2nd table shows the status of the last day trades.

Dollar Index


CMP
93.86


Risk Reward ratio
Bearish weekly close, can take USD lower to 92

EURUSD


CMP
1.167



Increased momentum could warrant correction to 1.1580
Supports
1.14
1.1527
1.1651
1.1581



Resistances
1.1796
1.1764





Buy
EURUSD
1.1656
Stop at
1.1634
TP at
1.1704
2.2
Buy
EURUSD
1.1586
Stop at
1.1564
TP at
1.1644
2.6

GBPUSD


CMP
1.3012



Weekly upward trend has lost momentum
Supports
1.2856
1.2888
1.2985


Resistances
1.3233
1.3127
1.3028




Buy
GBPUSD
1.2986
Stop at
1.2964
TP at
1.3026
1.8
SELL
GBPUSD
1.3044
Stop
1.3066
TP at
1.2986
2.6

USDJPY


CMP
111



Downtrend. Looking for 24% retracement to initiate fresh shorts
Supports
109.61






Resistances
111.81
111.65
111.23
111.41



SELL
USDJPY
111.44
Stop
111.86
TP at
110.46
2.3

AUDUSD


CMP
0.7923



Daily charts showing reversal
Supports
0.768
0.781
0.7786
0.7886



Resistances
0.8008
0.7932





SELL
AUDUSD
0.7944
Stop
0.7966
TP at
0.7886
2.6




Status of 21st July Trades

Dollar Index


CMP
94.18


Risk Reward ratio
Status
Bearish weekly close, can take USD lower to 92



EURUSD


CMP
1.1644




Upward trend. Breakout in weekly charts

Supports
1.1393
1.1523
1.1578





Resistances
1.1805
1.1661






Buy
EURUSD
4h close above1.1661
Stop at
1.1644
TP at
1.1694
1.9
Long from 1.1665, +5pips
Buy
EURUSD
1.1586
Stop at
1.1554
TP at
1.1674
2.7
NA


GBPUSD


CMP
1.2996




Upward trend with strong weekly resistance at 1.3240

Supports
1.2856
1.2967
1.298
1.2923



Resistances
1.324
1.3028






Buy
GBPUSD
1.2944
Stop at
1.2884
TP at
1.3084
2.3
NA
SELL
GBPUSD
1.3015
Stop
1.3036
TP at
1.297
2.1
Tp hit +45 pips


USDJPY


CMP
111.73




Daily downtrend. Daily 55 and 200 dma seems broken

Supports
111.65
111.72






Resistances
112.86
111.9
111.94
112.16
111.85



SELL
USDJPY
111.73
Stop
111.96
TP at
111.3
1.9
Tp hit +43 pips
SELL
USDJPY
112.14
Stop
112.46
TP at
111.3
2.6
NA


AUDUSD


CMP
0.791




200 weekly average at 0.8016 significant

Supports
0.7794
0.7886






Resistances
0.8016
0.7989
0.7933





Buy
AUDUSD
0.7896
Stop
0.7866
TP at
0.7954
1.9
Long running 0.7896, + 24 pips
SELL
AUDUSD
0.7984
Stop
0.8036
TP at
0.7886
i
NA


Regards

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