Monday, April 5, 2010

Monday 4th April

Weekly Analysis to follow ...
Monday could be a pullback day for Indices, USD,  XXXJPY's and NZD continued weakness.  Crude is on its own trajectory to test 86 then 90.
Indices, crude, gold are all approaching important technical levels where pullbacks could happen.
The daily flag in AUDCAD could be breaking down and I like this trade best for the AUD rate decision tonight which may disappoint the market.
Sterling is catching a bid from weekend news showing the conservatives are pulling ahead in the election polls.

EURCAD stopped out (-1R) - last nights trade, support did not hold.
AUDJPY short 86.86 stop 87.06 target 84.70 - countertrend
NZDJPY short closed 50% @3R 66.40 (+1.5R)
NZDUSD short closed 50% @3R 0.7020 (+1.5R)
CRUDE short 85.90 stop 86.10 target 85 - countertrend
CRUDE closed 85.50 (+2R)
CRUDE long 85.50 stop 85.20 target 86+
CRUDE long closed 50% @3R 86.40 (+1.5R)
EURUSD short 1.35 stop 1.3530 target 1.30 / 1.28
EURJPY short 127.20 stop 127.40 target 125
CRUDE long closed 86.60 (+1.83R)
EURJPY closed 50% @3R 126.60 (+1.5R)
AUDCAD closed 50% @92.05 - RBA rate hike (+1.33R)
AUDUSD closed 92.00 BE - RBA rate hike
AUDJPY closed 86.30 - RBA rate hike (+2.8R)
EURUSD short closed 50% @3R 1.3410 (+1.5R)
EURAUD short 1.4615 stop 1.4665 - newstrade RBA decision

Open trades:
NZDUSD short 0.7095 stop 0.7120 - 1/2
AUDCAD short 0.9285 stop 0.9315 - 1/2
NZDJPY short 66.85 stop 67.0 - 1/2
EURUSD short 1.35 stop 1.3530
EURJPY short 127.20 stop 127.40 - 1/2
EURAUD short 1.4615 stop 1.4665

5 comments:

  1. I think I have a new favorite blog... this is some good macro you got going on here Nic.

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  2. Haha that's funny because I am not a macro trader at all. Thanks I-Man

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  3. Well, you're macro for me. I'm American, remember.

    :)

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  4. AUDCAD ... c'mon people, look at that weekly chart. If you think US will recover quicker/better than China this is the trade.

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  5. So RBA FAILS to tighten... initiates AUD weakness...?

    Probably a good call. But I am not a chart reader... good luck.

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