AUD/USD shorts at resistance at 7510/30 worked perfectly as we hit best support at 7420/10 for a potential 100 pip profit last week. Longs needed stops below 7395.
NZD/USD sell signal was triggered on Monday. Shorts at resistance at 7060/70 with a 120 pip potential profit as we hit our target and minor support at 6930/20.
AUD/JPY shorts from strong resistance at 8340/50 worked perfectly (although we crashed from 4 pips below here) as we hit the ultimate target for last week at 8120/00. A potential 200 pip profit?
Analysis
AUD/USD longs at best support last week at 7420/10 targeted 7450/55 then resistance at 7480/90 for some profit taking. Further gains met strong resistance at 7520/30.
Shorts needed stops above 7540. Longs needed stops below 7399. A break lower was another medium term sell signal initially targeting 7370 and 7340/30.
NZD/USD was lower, as predicted, to the target and very minor support at 6930/20.
Gains were likely to be limited with resistance at 6970/80. Strong resistance at 7000/20. Shorts needed stops above 7035.
A break below 6900 was a sell signal targeting 6850/45.
AUD/JPY was lower as predicted and very close to our target of 8120/00. THIS IS THE BEST SUPPORT FOR THE WEEK. Longs needed stops below 8080. A break lower was a sell signal targeting 8045/35, then 8010/00.
Longs at 8120/00 targeted 8190/8200. Further gains tested resistance at 8230/40.
Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realized. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.