EUR/AUD Update...Short Confirmed

For now...

This one might work out, waiting to see if it goes lower. Target is undefined, but I'm letting it run as they say.

EUR/AUD Sell signal?

I have been trying to short the EUR/AUD quite unsuccessfully in the last few days...but this may look good now.

Sold for 30K at around 1.2710 many hours ago > the EUR is overvalued, and the AUD is undervalued perhaps, or not, but the charts do not lie.

GBP/JPY Shorting Now - Correction Appears Possible

Shorting the GBP/JPY, which to me, appears heavily overbought considering the state of affairs of the UK economy. Normally I do not take trades at this time, but I made the fatal mistake of opening my charts and looking for an opportunity. These days, I cannot open a chart and not see some sort of angle. I'm trading light here, because I'd rather relax and prepare for Monday, but here it is:

Looking for price to move from 126.96 down to either 126.50 or even better, down to 126.20 (Fibonacci levels of the latest rise), I need to pay for a new monitor and start planning on buying a car. My risk, so far 8 basis points, or pips at 127.068 on a 40K. I will glance at the charts and move this one into break even as soon as it is reasonable. Time to relax, and welcome to the new trading week of Sept 17, 2012 to Sept 23, 2012.

AUD Looking Poised for Another Climb

AUD/USD and AUD/JPY both look poised for additional gains, based on my study of these charts. I'm looking at the 15 minute on both.

I'm already long on both, as both carry trades and with profit targets of 1.06/07 on AUD/USD and 82.00/83.00 on AUD/JPY. Thursday and Friday should be interesting to see how they play out.

AUD/JPY Bullish for now...

It is a bit late to share this idea, because the time to buy would have been 100-140 pips ago, when I did, but here it is. Good data out of Australia last yesterday and good ADP data, and good ISM data = AUD/JPY up.

In theory, based on ADP data earlier today, the NFP should be okay, and it could go higher. I have a target of 82 to 83, but who knows. Of course the trade balance data out in 20 minutes is pointing south so I may just collect my 100+ pips and call it a week on this pair.

EUR/USD Late Asia Session Update

It appears as though risk was down, but not quite out, and there may be a bit more upside in the next few hours. Rumors of a 1.4000 barrier option, and some comments from the Chinese contradicting their tightening of lending policy has begun a tentative risk rally yesterday afternoon. I tried to sleep, but when price started moving up, I found that I couldn't so I guess I'm going to watch early London. In the meantime, here is a 15-minute chart of the EUR/USD.