AUD/USD Downside Opening Up Again?

AUD/USD downside opening up again?

FXStreet (Guatemala) – AUD/USD is losing the bullish momentum on the very short-term time frames as Aussie data disappoints in the building permits. We are less volatile as we head towards the middle of the week’s close but the party hasn’t quite started yet.

We await the Yuan fix and Chinese stock markets open and performances. There is a divergence between on -shore and off-shore yuan which could resemble a further weakness in the Yuan and a risk to risk appetite and the Aussie We are also looking forward to the Nonfarm Payrolls at the end of the week to potentially counter what damage the dovishness in the FOMC has done to the greenback overnight.

AUD/USD levels

Technically, the bid is losing steam and we are looking back to the downside with RSI decreasing on the short-term sticks as we look at 0.7017 November lows again ahead of the September low at 0.6940. 0.7080 is first resistance while bulls may struggle at 0.7090 and the 20 SMA on the hourly. AUD/USD is offered below 0.7200.

Jan.4 Journal Entry

Jan.4 My Trade Journal Entry

I was extremely tired because i was up early in the morning trading and tried to stay up in order to go to the office and drop of some paperwork . I wound up being to tired to function come trade time and placed a beautiful analysis trade , and actually a live position a little bit later but got out too early ({Fear}) , or more accurately the fear of making a loss while i was sleeping …I didn’t get in with great footing so I was not as confident, which was another problem. I wound up exiting out the positions that had money on the line for small or like 17pips of loss … went to sleep and then woke up to the analysis trade still running had gone into 440 pips of profit >>>F.U.C.K>  ::: Lessons Learned :: (1)Cant be a sleepy dog, another words i must be prepared because now that i am trading live i must be on point … (2) Cant get exited about profit and loss, “just trade” because whatever, i gain i will be risking again the next day (3) My trading life and outside life   have to both be up to par because the effect each other

USD/JPY Can The Bulls Keep The Recovery Alive ?

      USD/JPY Can The Bulls Keep The Recovery Alive ?

 

FXStreet (Guatemala) – With spot at 119.39 at time of writing and off the lows from overnight trade at 118.70,USD/JPY is making a recovery, albeit very minor, after a very strong headwind of risk took it down through major technical and psychological levels.

The stock markets were in free-fall which all supports the Yen in the near term on a risk-off profile and run for cover while 2016’s outlook is very uncertain. But analysts are warning of caution into getting to short ahead of ourselves as fundamentals may not allow for a one way bet in this case, especially should the BoJ take bolder steps to reach their 2% inflation target in the near term.

This week is very crucial if a recovery can get the major back into neutral, but a disappointment in the jobs data will be very damaging in a market that is already in the fence as to whether the Fed can continue normalizing rates in H1.

USD/JPY levels

Technically, a break back through 120.00 is required to alleviate major downside pressures in the short-term. We have broken 119.11 and 2012-2015 uptrend and now target the uptrend from 118.11 (118.06 is October 2015 low). Below the market, 119.41 at time of writing, the previous Fibo support is at 119.06.