USD Index first OPR chart of 2013

No new trades yet still waiting for a low risk set up to emerge. We will be watching the USD movement against other FX pairs as it usually give out quality clues.

USD testing support at 81 level

Potential reversal

A limit buy order to go long EURJPY @ 97.60 has been placed. Red dotted lines are stop loss and take profit points. Price action is pointing to a possible reversal. We shall soon see. Good luck in your trading this week. :o)

View of the weekly USD Index testing resistance.

GBPAUD update

Stop loss on remaining GBPAUD short got hit @1.54749 for -15 :o( I've missed the action on the USD Index it reversed from its low this morning to hit 79.50 this action resulted in USD pairs trading up and bringing down EURUSD and GBPUSD. Easy money if you're watching your screen at the time.

Existing Trade: Long CADJPY price action still favors the bull side. If price can move pass 83.60 level my first TP can be hit tonight.

Edit Wednesday, April 04 @11:17PM: 
Unfortunately, CADJPY came back down and hit half of my position @82.400 for +2 I'm holding the other half.

New Trade: Short EURNZD @1.6150 see chart for information. I will adjust the stop loss manually just waiting for next bar to form.

Edit Wednesday, April 04 @11:17PM: 
Manually out on EURNZD @1.6088 for a gain of +10
Shorted EURUSD early today @1.3179 sorry no chart. I just sold @1.3153 for a gain of +5.0

Go Loonie

Placed a two long trades on CADJPY filled @82.336 and 82.800 see green lines. Loonie tried its best to reject sellers yesterday standing firm from a nice location. The current bar is not done yet, looks good as of this writing but we shall see the market is dynamic.

Shorted GBPAUD entry might be too early realizing that I took half for a loss -10 I'm letting the remainder to play for now.

The USD Index is now below the 79 level breaking 78.50 might propel the US bears. Exercise patience as usual. Thank you God and Good luck to your trades! :o)

Wait and see

The USD Index is caught between two levels shown on this daily chart. Today is the fifth bar and something is about to happen the yellow boxes represent areas where if broken we can expect a greater chance of price moving in that direction. 

The previous mini trend although down have not demonstrated the strength needed to pull the price lower. I've also noted the twizzer as it reminds me to exercise patience. Good luck this week!

 

Is it done?

The USD Index have closed negative last Friday, shown in its daily chart is a minor support at 79 zone. The next level will be a retest of the 78.00 and 78.50 this support zone has a better chance of holding.

Watch the USDCHF for possible trading opportunity specially if the USD trades below 79 level. 

Pointing down

The USD Index continued showing weakness looking at the daily chart the possible strong floor just in my opinion are between 78.5 or 78. I'll be watching those levels.

Limit long EURUSD filled @1.31787

Limit long GBPUSD filled @1.58430

Sell limit order on NZDUSD filled @0.8250 this red bar looks much better in 4H chart.

Just got filled long on GBPJPY @132.550

Position stops are not permanent and are subject to adjustment. Thank you God!

USD Index broke out

The USD Index finally broke out today rejecting early sellers (refer to Monday, March 12 post). Price is above 80 level which is a good news for the bulls. It looks like price action on buck might have enough energy for an up move until 81.50 the next swing high. We shall soon see, follow through is key.

A minute or so ago I've closed my intraday long on EURNZD for -12 Pips that long red candle does not feel good. Take it out now before it gets deep.

Today's trades

Delayed posting, wifey and I came home late yesterday and I just got home from work. Anyway, these were two long trades got filled last night.

CADJPY @83.009

USDJPY @82.369

The USD INDEX

Watch the green buck although sellers has been rejected its not out of the woods yet. The magic number is at 80, USD Index must breakout and stay above this level. If and when there is a compelling move towards this direction its time to revisit the EURUSD. Price action will give you real time hint.

Good luck and God Bless!

BUEB

Bullish engulfing bar on USD Index daily chart...

For more reference click this link

Where's the USD?

Time to watch the USD Index. The US market may also correct if USD can find support and proceed to make a bounce. It is also possible that downward momentum will continue to persist breaking this previous support. As always be flexible use the market as our guide. Plenty of opportunities on both sides.

USD Index, Daily Chart

USD found support

Watch the USD index for further price action. First day of bounce it looks like more are to follow.

Stalking GBPUSD for a possible entry to the downside.

Do you believe in Fibs?

Is the bounce in the offing? Watch price action for clues...