NZDUSD, CADJPY and GBPAUD trading plan (04-08-2015).

1-NZDUSD trading plan.

Allow for a bullish consolidation, then sell signals under the H4 triangle support trend line.

On the weekly time frame, we see a strong bearish trend, with an inverted hanging man and a gravestone doji. This probably means we are entering some kind of bullish consolidation.

NZDUSD WEEKLY CHART.

NU_W

This consolidation seems however limited, as we see on the monthly chart that after a sharp decline the pair is retesting the 200 SMA, which stands around 0,665.

NZDUSD MONTHLY CHART.

NU_M

Finally, looking at  the H4 chart, we see the pair was in a  triangle and broke down the support trend line. It even seems it failed a retest at it. I eventually expect it to consolidate up to 0,66 (50 or 38,2 fib retracement level and SMAs confluence), but the main trend is still bearish and it seems wiser to look for selling signals at those levels.

NZDUSD H4 CHART.

NU_H4

2-CADJPY trading plan.

Sell signals under 94,5 . Sell confirmed bearish breakout out of 93,75.

It is all in on the daily chart. We broke a key support around 94.5, the next supports are at 94 (psychological levels) and 93,75 (0,786 Fibonacci line support).

CADJPY DAILY CHART.

CADJPY_D

I am all the more confident about this setup as we are breaking down a support trend line on the monthly chart.

CADJPY MONTHLY CHART.

CADJPY_M

3-GBPAUD trading plan.

Watch closely 2,120 support level. Favor selling signals around 2,13 and 2,135

After the RBA rate announcement, the Aussie surged up. On the GBPAUD H4 chart we see the pair broke a support around 2,135 and a trend line around 2,13, to reach a strong support line around 2,12. Therefore we will be looking to sell signals around  the resistances  (2,135 and 2,13) or to sell a confirmed break out of the current level (2,12).

GBPAUD H4 CHART.

GBPAUD_H4

On the daily chart the pair is still in a rising channel, with support roughly around 2,11. This is why I prefer to wait for a retest of 2,12 before shorting it.

GBPAUD DAILY CHART.

GBPAUD_D

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