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Sunday, October 7, 2012

OCt 2nd Week Technical Analysis

GBPUSD
Monthly - Downtrend tread line break-out,expected to stay bullish till the above tradeline
Weekly - Rejection to go below we can put trade on both side - I am expecting Bullish Here onwards
Daily -
Wait for H4 candle close -

Buy at - 1.6130 Target-1 - 1.6300 Target-2 ~ 1.6414  SL 1.6060
we can put a reverse order at 1.6060 Sell at 1.6060 Target 1.5915 SL - 1.6143

AUDJPY -
Daily Ranging With the Rectangle
- I am expecting a bullish here onwards till the top of rectangle
- Buy @ 80.30 Target 83.00 SL 79.40

Monthly -  High wave candles in last 2-3 months- previous is bullish piercing pattern expected to continue bullish
Weekly - Rangning with in 80.00 -83.00

EURNZD
- Expected to Go Bullish
- As close is ab above round number 1.5900 & crossed the previous resistance successfully
- Buy @ 1.5900 target 1st 1.5600