XAU Trading Outlook Archive

Sell EUR/AUD on any small intraday rallies towards 1.4200 keeping stops above 1.4255 looking for a move towards 1.4000. I prefer to avoid the USD pairs at the moment but there is a nice developing technical set-up in EUR/USD favouring selling rallies towards 1.3560/70 with… Read more

I fancy that the Yen crosses are getting a bit over-bought in the short term so I would look to sell any intraday rallies in AUD/JPY, keeping stops well above 94.50 is possible.

Firstly I would suggest that you avoid all the USD and risk pairs whilst the US stand-off is going on. If you really want to trade, then look to neutral pairs like AUD/NZD and I have a definite buy-dips bias towards 1.1280 keeping stops fairly… Read more

The markets are pretty choppy at the moment and hard to get a solid feel for the really important levels so it’s best to be very patient. Normally, poor Chinese data and risk-aversion re US talks implies a lower USD/JPY.

TRADE OF THE DAY: I got the EUR/JPY wrong yesterday so not feeling overly confident. The Yen weakness of the last 24-hours has been quite impulsive and there could be more to come. Buy dips in AUD/JPY towards 92.20 with stops below 91.80.

TRADE OF THE DAY: The only good risk-reward trade jumping out at me today is EUR/JPY. Reliable sources are quite bearish on this pair and feel that 132.20 will cap whilst stops below 131.00 will get tripped soon. It’s currently trading near 131.60 and I… Read more

TRADE OF THE DAY: Same as yesterday so patience needed in AUD/JPY which has some very strong technical support towards 90.00. Wait for exhaustive intraday dips and keep stops well below 90.00. Another good risk-reward play is to buy AUD/NZD on dips towards 1.1325 keeping… Read more

TRADE OF THE DAY: Cable has backed off from severely over-bought conditions and I’m looking to buy intraday dips. I’m not 100% sure on the exact levels just yet but wait and see if an hourly low forms 1.5950/70 and then dip your toes.

TRADE OF THE DAY: I fancy that EUR/AUD may see lower levels over the next few sessions and I prefer to sell any small intraday rallies towards 1.4430/40 with tight-ish stops above 1.4470.

TRADE OF THE DAY: Not really seeing any value trades this morning and I don’t like picking definite levels when volatility is heightened. Range trading the AUD/USD between .9270/80 and .9345/55 makes the most sense to me. Good luck out there.