Signal For Tuesday 5th December 2017

Overall there is strength in the JPY with minor strength in the CAD


Overall there is weakness in the CHF, with minor weakness in the NZD



Trading Directions I am favouring for the next 24 hours


Buy Trades – GBP/CHF, CAD/CHF


Sell Trades – USD/JPY, CHF/JPY, NZD/JPY,

Signal For Tuesday 17th January 2017

Overall there is minor strength in the GBP, JPY and USD 

Overall there is minor weakness in the CAD, EUR and CHF


Buy Trades – USD/CAD

Sell Trades – None

Signal For Monday 16th January 2017

Overall there is minor strength in the NZD 

Overall there is weakness in the GBP, EUR, USD and CHF


Buy Trades – NZD/USD, NZD/CHF

Sell Trades – None

Signal For Friday 13th January 2017

Overall there is strength in the AUD and NZD 

Overall there is weakness in the GBP


Buy Trades – EUR/GBP

Sell Trades – GBP/USD, GBP/JPY, GBP/AUD, GBP/NZD, GBP/CHF

Signal For Thursday 12th January 2017

Overall there is strength in the AUD and NZD 

Overall there is weakness in the USD, EUR, GBP, CHF, JPY and CAD



Buy Trades – AUD/USD, AUD/JPY, AUD/CAD, AUD/CHF, NZD/USD, NZD/JPY, NZD/CHF, NZD/CAD

Sell Trades – EUR/AUD, EUR/NZD, GBP/AUD, GBP/NZD 

Signal For Wednesday 11th January 2017

Overall there is strength in the AUD, JPY and GBP 
Overall there is weakness in the NZD, EUR, CHF and CAD


Buy Trades – GBP/NZD, GBP/CHF, AUD/NZD, AUD/CAD, AUD/CHF
Sell Trades – EUR/USD, EUR/JPY, EUR/AUD, CHF/JPY, NZD/USD, NZD/JPY

Signal For Friday 16th December 2016

Overall there is strength in the USD and CAD 

Overall there is weakness in the GBP, EUR, JPY, NZD and CHF


Buy Trades – USD/JPY, CAD/CHF

Sell Trades – EUR/USD, EUR/CAD, GBP/USD, GBP/CAD, NZD/USD, NZD/CAD

Signal For Thursday 15th December 2016

Overall there is strength in the USD with minor strength in the GBP, EUR and CHF 

Overall there is weakness in the JPY, AUD, CAD and NZD

Buy Trades – EUR/JPY, GBP/JPY, GBP/AUD, CHF/JPY, USD/JPY, USD/CAD, USD/CHF

Sell Trades – AUD/USD, NZD/USD, NZD/CHF

Signals For Monday 5th December 2016

Overall there is strength in the JPY, with minor strength in the AUD and NZD 

Overall there is weakness in the EUR, CHF, USD, with minor weakness in the GBP and CAD


Buy Trades – NZD/USD, NZD/CHF, AUD/USD, AUD/CHF, GBP/CHF

Sell Trades – EUR/USD, EUR/JPY, EUR/GBP, EUR/AUD, EUR/NZD, CHF/JPY

Daily Analysis EURUSD , GBPUSD , USDJPY and XAUUSD

EURUSD Daily Analysis

EURUSD (1.132): The price action in EURUSD yesterday closed in a fake break out from the inside bar with prices seen settling back above the inside bar’s low of 1.1284 and also filling the gap formed on Monday’s open. On the 4-hour chart, the price is seen retracing the losses, but so long as a lower high is formed, the bias remains for a test to 1.120. The Stochastics on the 4-hour chart is signaling a potential bearish divergence with a lower high as well, validating this view. Watch for a close below 1.130, which could trigger declines to 1.1240 and eventually to 1.120.

USDJPY Daily Analysis

USDJPY (100.31): Despite opening with a gap, USDJPY closed bearish yesterday with prices seen trading near the 100.00 price level. As noted yesterday, 100.50 minor resistance remains a key level that needs to be breached for USDJPY to see any upside in prices. The next main resistance level at 102.00 remains to the upside. The Stochastics on the 4-hour chart is confirming the consolidation within the falling wedge pattern, and thus any potential upside is seen only above 100.50 – 101.00 resistance level. Below 100.00, USDJPY could be seen posting fresh declines with 99.00 the next immediate level of interest.

GBPUSD Daily Analysis

GBPUSD (1.314): GBPUSD has been flat for the past three daily sessions, trading within 1.32 and 1.30 levels. However, resistance near 1.32 – 1.317 remains a strong level that needs to be cleared for any valid gains to remain in place. In the near term, GBPUSD is most likely to remain range bound with a breakout of 1.32 or 1.30 likely to keep the momentum going.

Gold Daily Analysis

XAUUSD (1337.20): Gold prices tested a new 2-week low yesterday to 1331.86 before recovering modestly. Still, the price action on the daily chart marks a bearish bias following the failure to break above 1350 – 1360 resistance zone. On the 4-hour chart, gold prices remain flat, but support is seen at 1327.50 while resistance at 1340 is likely to cap any gains to the upside. There is also a potential symmetrical triangle formed on the H4 chart, which confirms the bearish bias to 1327.50 followed by 1315.00.