XAU Trading Outlook Archive

I would try and remain patient today but I do like the short-term prospects for the AUD/USD bulls. The AUD is nearing better-value levels against the NZD, JPY and EUR and in the absence of any strong trends, I’m tending towards buying AUD/USD dips. If… Read more

My hot streak is over and perhaps you should use my ideas now as reverse indicators! It looks like the USD bulls might have more joy over the next 24 hours so sell rallies in cable to 1.6110, AUD/USD to .9530, or EUR/USD to 1.3800,… Read more

I’m going against my recent bias here, but GBP/AUD looks like it could be ready to turn lower in the short-term. There is usually some heavy GBP selling against the EUR at this time of the month and with EUR/AUD looking technically ‘toppy’, I favour… Read more

I quite like the look of EUR/JPY and more gains are likely in my view but patience will be required. Buy intraday dips to 134.40 keeping stops below 133.80, looking for a test of 135.50. AUD/NZD still looks like a very straightforward buy-dips proposition and… Read more

Range trading the AUD and selling USD rallies are my preferred trades at the moment. USD/JPY is sitting right on its important 200-DMA and Goldman Sachs reckons that a clean break and close below could be worth around 530 pips; so sell intraday USD/JPY rallies… Read more

Let’s stick with the AUD/USD for today and trade the above mentioned .9550/.9650 range. I’d also consider buying the dip in AUD/JPY to 92.70/80 but be patient and wait for an hourly base to form before committing. Also keep a close watch on the 200-DMA… Read more

Sell AUD/USD on a failure at .9725, looking to buy back near .9645 and keeping stops tight above .9755. Or, buy EUR/JPY dips towards 134.75 with stops below 134.25 looking for a test of 136.00 later today.

Sell AUD/USD on a failure at .9715, looking for stops to be triggered below .9630 on the way to .9560ish. Remember it’s NFP tonight.

I’m still in the USD bear camp and it’s as always a matter of picking the right vehicle. Trade should be quiet ahead of tomorrow’s NFP so maybe look to the crosses for some value? Sell AUD/JPY near current 94.60 levels with a stop above… Read more

Sell USD against something is my advice and my preferred play is still to be long GBP/USD. It’s Friday, so no point in chasing the market, best wait for some good risk/reward levels. I’d also look to buy intraday dips in AUD/USD, and we might… Read more