for the week starting 28-July-2014
EUR/USD
Selling pressure is high after EUR/USD break below 1.3475.
Weekly Chart
Market has break below support and Ayumi reckon selling pressure to lead EUR/USD to another low near blue line (1.3300 - 1.3350) in 2 months time (Sep-Oct 2014).
Daily Chart
bearish bearish bearish, with small Average True Range.
Immediate resistance 1.3500 - 1.3550.
Initiate Short if market failed to break and close above 1.3550.
Check 4 Hour Chart to confirm trading plan.
4 Hour Chart
4 Hour resistance at 1.3475, 25 pips higher.
Will update if any trade initiated.
GBP/USD
Interesting Market
Long term (until October 2014) bullish, target 1.7300.
Weekly Chart
Daily Chart
Affected by strong US Dollar, GBP/USD daily chart is suggesting otherwise.
Bearish sentiment - short term sell.
Day Chart
Resistance 1: 1.7030
Support 1: 1.6920 - 1.6950
Support 2: 1.6850
Cheers
Ayumi
EUR/USD
Selling pressure is high after EUR/USD break below 1.3475.
Weekly Chart
Market has break below support and Ayumi reckon selling pressure to lead EUR/USD to another low near blue line (1.3300 - 1.3350) in 2 months time (Sep-Oct 2014).
Daily Chart
bearish bearish bearish, with small Average True Range.
Immediate resistance 1.3500 - 1.3550.
Initiate Short if market failed to break and close above 1.3550.
Check 4 Hour Chart to confirm trading plan.
4 Hour Chart
4 Hour resistance at 1.3475, 25 pips higher.
Will update if any trade initiated.
GBP/USD
Interesting Market
Long term (until October 2014) bullish, target 1.7300.
Weekly Chart
Daily Chart
Affected by strong US Dollar, GBP/USD daily chart is suggesting otherwise.
Bearish sentiment - short term sell.
Day Chart
Resistance 1: 1.7030
Support 1: 1.6920 - 1.6950
Support 2: 1.6850
Ayumi
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