Daily Analysis and Predictions

Emir Cehaic

Emir Cehaic

EURUSD

Timeframe: Daily

Date: 03/25/2014

Pattern occurred: No Pattern

Entry: 1.3747

Target Level: 1.3696

Stop Loss: 1.3810

Analysis:

We saw an upwards move during the session on Monday, as price closed at 1.3837, above the 1.3820 resistance level. That was the possible long entry, however I’d be hesitant to enter the trade after such a big spike and fluctuation between 1.3759 and 1.3875. We can also continue looking for short trades, with the entry point at 1.3747, target at 1.3696 and stop loss at 1.3810.


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GBPUSD

Timeframe: Daily

Date: 03/25/2014

Pattern occurred: No pattern

Entry long: 1.6565

Target long: 1.6615

Stop loss long: 1.6515

Analysis:

Price rose during the session on Monday with the close at 1.6496. Should price close inside of the channel and above the 1.6565 level, we can start looking for a long trade with the target at 1.6615 and stop loss at 1.6515. Possible short entries should the price close below the last swing low at 1.6300.


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USDJPY

Timeframe: Daily

Date: 03/25/2014

Pattern occurred: No pattern

Entry short: 101.200

Target short: 100.765

Stop loss short: 101.620

Entry long: 102.680

Target long: 103.090

Stop loss long: 102.180

Analysis:

Price moved upwards during Monday’s session and closed at 102.177. We’ll continue to observe price movement and should price close above the 102.680 level, we could enter long with the target at 103.090 and even the upper channel line as the second target, stop loss at 102.180. Should price break the lower channel line and close below the 101.200 level, we can enter short with the target at 100.765, stop loss at 101.620. Another possible short entry should the price close below the most recent swing low at 102.000 with the lower channel line as our target.


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AUDUSD

Timeframe: Daily

Date: 03/25/2014

Pattern occurred: No pattern

Entry: 0.9135 (aggressive), 0.9165 (conservative)

Target Level: 0.9190

Stop Loss: 0.9080

Analysis:

Price continued to rise during Monday’s session and closed at 0.9131. We can start looking for long trades with an aggressive entry at 0.9135 and conservative entry at 0.9165. Target at 0.9190 (with the 0.9165 as our first target in case of aggressive entry) and stop loss at 0.9080.


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Good luck and trade safe!

Emir Cehaic

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