General Market Outlook - May 22nd, 2014
Interesting Pairs:
AUD/USD - Bullish
- Possible long entry in the 0.920X/0.918X region
- Round support level of 0.9200
- Tip of the wick from the bounce last time
EUR/USD - Bullish
- Possible long entry in the 1.362X/4X region
- Tip of the wick from last week and yesterday
NZD/USD - Bullish
- Possible long entry in the 0.852X/0.850X region
- Bottom of the range
- Support / demand region
USD/JPY - Bearish
- Possible short entry in the 101.8X/102.0X region
- Test of broken long term upward trend line
---------------------------------------------------------------------------------------------------------------
Developing Pairs:
USD/CHF - Bearish
- STILL waiting for price to hit the top trend line in the high 0.89XX region
- Price may not get there if EUR/USD reverses from here
XAG/USD - Bearish
- STILL waiting for the descending triangle to break support and move down.
---------------------------------------------------------------------------------------------------------------
Confusing Pairs:
GBP/USD - Bullish
- I'm bullish but not sure where I want to load longs yet...
USD/CAD - No comment
---------------------------------------------------------------------------------------------------------------
Note: Refer to the last General Market Outlook for analysis going into this week's trade scenarios
Disclosure: I have no open positions right now but may trade based on my analysis, so take this into consideration as I may be biased.
AUD/USD - Bullish
- Possible long entry in the 0.920X/0.918X region
- Round support level of 0.9200
- Tip of the wick from the bounce last time
EUR/USD - Bullish
- Possible long entry in the 1.362X/4X region
- Tip of the wick from last week and yesterday
NZD/USD - Bullish
- Possible long entry in the 0.852X/0.850X region
- Bottom of the range
- Support / demand region
USD/JPY - Bearish
- Possible short entry in the 101.8X/102.0X region
- Test of broken long term upward trend line
---------------------------------------------------------------------------------------------------------------
Developing Pairs:
USD/CHF - Bearish
- STILL waiting for price to hit the top trend line in the high 0.89XX region
- Price may not get there if EUR/USD reverses from here
XAG/USD - Bearish
- STILL waiting for the descending triangle to break support and move down.
---------------------------------------------------------------------------------------------------------------
Confusing Pairs:
GBP/USD - Bullish
- I'm bullish but not sure where I want to load longs yet...
USD/CAD - No comment
---------------------------------------------------------------------------------------------------------------
Note: Refer to the last General Market Outlook for analysis going into this week's trade scenarios
Disclosure: I have no open positions right now but may trade based on my analysis, so take this into consideration as I may be biased.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.