XAU Trading Outlook Archive

As usual I’m looking for contrarian plays and I like the risk-reward being offered by EUR/AUD. The single currency is showing signs of weakness against the GBP and is stalling at technical resistance against the USD. With the AUD looking oversold, selling EUR/AUD rallies with… Read more

Exactly same as yesterday, I’d continue to play EUR/USD and GBP/USD from the long side, and if you want a bit of extra volatility then look to buy EUR/JPY or GBP/JPY. Also, as above, buy AUD/USD with stops below .9050 looking for .9250. Finally, the… Read more

I’d continue to play EUR/USD and GBP/USD from the long side, and if you want a bit of extra volatility then look to buy EUR/JPY or GBP/JPY.

I don’t like trading the EUR/USD very much as there are too many conflicting forces at play but it doesn’t seem to want to fall at all. I’d play it from the long side intraday looking for a move towards 1.3650 later tonight.

Not my favourite pair to trade, but the risk-reward for NZD/USD bulls looks quite appealing. I prefer to play this pair from long side; buy near .8180/00 with stops below .8120 looking for levels above .8300 in coming sessions.

At least my cable long trade worked out on Friday and I expect more of the same. Buy any small intraday dips and play from the long side for a break above 1.6260 and a move towards 1.6410.

Look for a test of 1.6250/60 later today in cable. Play it from the long side, expecting support near 1.6140 to emerge during Asia and a move higher to eventuate during European trade.

NZD/JPY worked out nicely yesterday and I think we should continue to trade the edges of the 81.25/84.25 consolidation range there. Be patient in all pairs, there will be opportunities post HSBC and BOJ but there is no point in guessing what will happen at… Read more

NZD/JPY is not near the top of my ‘favourite pairs’ list but the risk reward in selling rallies towards 84.00 with stops above 84.30 certainly has potential (see chart). AUD/NZD support at 1.1200 looks stronger by the day and this will also weigh on the… Read more

I’d play EUR/USD from the short side during Asia. There has been little or no bounce since the fall began so look for a test of levels nearer 1.3500 before day’s end. Sell any early Asian profit-taking rallies towards 1.3610/20.