AUDNZD Hits Supply And EURJPY Is Set to Fall

Last week we took a short term long trade on EURGBP and entered a long from the USDCAD demand level we looked last week too. We have a few more opportunities this week which are detailed below:

AUDNZD – Short

AN broke through the supply level we looked at last week and has hit the next one up. The arrival looks good so we just need to wait for a reversal.

2015-06-14 AN Short D1

EURGBP – Long

Price is still heading towards the demand we looked at previously so it’s still on the radar. We’ve had a nice decent so far with red candles so if that continues we may have a long. We did a short term long already but the larger move would be from the demand below:

2015-06-14 EG Long D1

EURJPY – Short

EJ has made a more convincing move to the south since last week and I still expect a further drop which I imagine would be this week. There could be a few hundred pips in it.

2015-06-14 EJ Short D1

EURUSD – Long/Short

EU is still in between levels and it has it to reach one of the levels at some point and when it does I’ll be watching for the arrival and potentially a reversal.

2015-06-14 EU Short D1

GBPUSD – Long/Short

GU is pretty much the same as EU at the moment. Until price reaches one the levels, I’m sitting on my hands with this pair.

2015-06-14 GU Short D1

USDCAD – Long

USDCAD triggered an entry last week so we went long from the daily demand. We’ll monitor the trade and see how it progresses this week.

2015-06-14 UC Long D1

Video

Detailed Analysis

Members can login to the forum for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries. The detailed video analysis is here. We also analyse the markets for short term trades throughout the week. If you do not have access to this premium content then you can find out how to sign up here.

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