Daily Analysis and Predictions

Emir Cehaic

Emir Cehaic

EURUSD

Timeframe: Daily

Date: 03/27/2014

Pattern occurred: No Pattern

Entry: 1.3747

Target Level: 1.3696

Stop Loss: 1.3810

Analysis:

We saw a downwards move during the session on Wednesday, as price closed at 1.3780. We can 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: 03/27/2014

Pattern occurred: No pattern

Entry long: 1.6565

Target long: 1.6615

Stop loss long: 1.6515

Analysis:

Price rose during Wednesday’s session with the close at 1.6528. That move triggered our long trade with the target at 1.6615 and stop loss at 1.6515.


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USDJPY

Timeframe: Daily

Date: 03/27/2014

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:

We saw a downwards move during Wednesday’s session and close at 102.020. 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: 03/27/2014

Pattern occurred: No pattern

Entry: 0.9135 (aggressive), 0.9165 (conservative)

Target Levels: 0.9190, 1.9220 (BOTH REACHED)

Stop Loss: 0.9080

Analysis:

Price continued to rise during Wednesday’s session and closed at 0.9224. That move reached both the targets with a total gain of 57 pips. Although we won’t be placing any trades after we’ve collected our profits, we’ll continue to observe the price movement.


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Good luck and trade safe!

Emir Cehaic

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