Price Hits Supply On AUDNZD And Bounces From Demand On EURAUD

Price has returned to a couple of levels I’ve been watching so I’m expecting some moves this week. A number of pairs from last week have made significant moves so check out details and the video below:

AUDNZD – Short

We were waiting for price to hit demand but it decided to rally instead. It went on to hit supply where I spotted a short opportunity. Price did arrive with green candles only so that looks good. We’ll see how it progresses this week.

2015-11-08 AN Short D1

CHFJPY – Long

Price has dropped into daily demand and it hasn’t made a great move up yet. We’ve seen a few higher lows so we could still see a rally. I’ll be watching this week.

2015-11-08 CHFJPY Long D1

EURAUD – Long

EA has finally dropped into demand and we’ve had a bit of a bounce so far with a long wick to the downside. We’ll see if we get the rally we’ve been anticipating.

2015-11-08 EA Long D1

EURUSD – Long

EU looks like it’s set to engulf the level I marked up last week as we’ve seen a pause before a large red momo that ended last weeks trading. The next level is a little lower and though it’s been hit already, I’ll be watching PA on potential second touch.

2015-11-08 EU Long D1

GBPUSD – Long

GU has had a number of large moves south over recent months with another coming last week. We can look for pullbacks for shorts and the next demand level to watch for is below:

2015-11-08 GU Long D1

USDCHF – Short

The Swizzy is heading back to the supply that preceded the huge drop back in January this year. This would be a second touch so it’s worth watching.

2015-11-08 USDCHF Short D1

USDJPY – Short

Price is heading up to daily supply with green candles only. If it continues we could have a short trade on so keep an eye out.

2015-11-08 USDJPY Short D1

Video

Detailed Analysis

Premium members can login to the forum for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries, and the other setups we have for this coming week. This weeks detailed video analysis is here. If you do not have access to the premium content then you can find out how to sign up here.

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