Daily Analysis and Predictions

Emir Cehaic

Emir Cehaic

EURUSD

Timeframe: Daily

Date: 03/28/2014

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 Thursday, as price closed at 1.3740. That move triggered our short trade with the target at 1.3696 and stop loss at 1.3810.


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GBPUSD

Timeframe: Daily

Date: 03/28/2014

Pattern occurred: No pattern

Entry long: 1.6565

Target long: 1.6615

Stop loss long: 1.6515

Analysis:

Price rose during Thursday’s session with the close at 1.6609 and price reached our target. No new trades today, although we’ll continue to observe the price movement.


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USDJPY

Timeframe: Daily

Date: 03/28/2014

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 an upwards move during Thursday’s session and close at 102.172. 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 we could use 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 could enter short with the target at 100.765, stop loss at 101.620. Another possible short entry presents 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: 03/28/2014

Pattern occurred: No pattern

Analysis:

Price continued to rise during Thursday’s session and closed at 0.9257. Since we’ve just collected our profits yesterday, we won’t be placing any trades right away, but we’ll continue to observe price movement. A possible bounce off of the upper channel line, once the price reaches it, will open up an opportunity to enter a sell trade.


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Good luck and trade safe!

Emir Cehaic

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