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Forex Trading Day Review – June 19, 2015


  • AUDCAD, AUDJPY, EURAUD, EURCAD, EURJPY continue to be range bound.
  • AUDNZD and EURNZD continued moving to the upside on NZD weakness.
  • AUDUSD and EURURSD are range bound, but broke through key levels of resistance that they had been hitting up against for the past 1 1/2 weeks, and came down and re-tested the level as support.
  • EURGBP moved lower on GBP strength.
  • CADJPY ended the week with a strong move to the downside.
  • GBP continues to be strong with GBPAUD, GBPCAD, GBPJPY, GBPNZD, and GBPUSD  finishing the week with a continued trend to the upside.
  • NZDCAD, NZDCHF, NZDJPY, and NZDUSD continued moving to the downside with NZDJPY being the weakest of the group.
  • USDCAD, USDJPY and USDCHF continued moves to the downside.

Weekly Highs/Lows:

  • Weekly highs:  GBPCAD and GBPNZD,
  • Weekly lows:  CADJPY and EURGBP,
  • New monthly highs:  GBPCAD and GBPNZD
  • New monthly lows:  NZDJPY

News releases

  • Medium impact news releases potentially impacting NZD are scheduled for Sunday after the trading session opens.
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Forex Trading Day Review – June 16, 2015

  • AUD continues to be range bound
  • CAD has rejected a key level of support several times over the past week.
  • CHF has setup a bearish flag
  • EUR bounced off of a key level of resistance again followed by a move to the downside.
  • NZD has been range bound since last week’s RBNZ cash rate cut.
  • USD has approached a major level of resistance.
  • New monthly highs:  GBP continued it’s trend to the upside making new monthly highs.
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Forex Trading Day Review – June 12, 2015

  • USD headed lower following two major economic news events released early in the US session, and after hitting a major resistance level yesterday.
  • AUD has been range bound all week ahead of Monday’s AUD Monetary Policy Meeting Minutes release
  • NZD continued to drop lower for the second consecutive day following the RBNZ’s cash rate cut to 3.25%
  • Made new monthly highs:  EURNZD, GBPJPY, GBPNZD, GBPUSD,
  • Made new monthly lows:  NZDCAD, NZDCHF, NZDJPY, NZDUSD
  • There are no major economic news events scheduled for this weekend.
  • On Monday, there will be an all day G8 meeting and major news reports potentially impacting CAD and USD.
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Forex Trading Day Review – June 11, 2015

  • NZD is down following yesterday’s RBNZ cash rate cut.
  • USD pairs rejected a key level of resistance.
  • GBP made a move to the upside during the European and US sessions.
  • EUR made a steady decline all day.
  • New monthly lows:  NZDCAD, NZDCHF, NZDJPY, NZDUSD
  • No major economic reports are scheduled for the Asian session.
  • Two major economic reports are scheduled for the US session