James Kim@Saxo
In this webcast, Saxo's global sales trader James Kim runs through the events of the week ahead and give his thoughts on the positioning of S&P, Hang Seng, US Dollar Index, EURUSD, USDCHF, NZDUSD, AUDUSD, USDJPY, XAUUSD.
Short term
Trade view / 25 July 2016 at 7:45 GMT

Bearish signals confirmed for AUDUSD

partner and technical analyst / 3 c analysis
United Kingdom
Instrument: AUDUSD
Price target:
Market price:

Bearish signals for last week, and in each of the last four trading days, have been confirmed, as investors sold the market to post five lower daily highs in a row and a loss of just over one and a quarter Big Figs.

A sequence of higher weekly lows has been ended, and this is negative for sentiment. Daily signals are somewhat oversold, so there is the potential for a bounce to start this week -- but this should be a temporary selling opportunity.

Management and risk description

Sell modestly at market, with a preference to sell the rally. Lower your stop to entry if the first target is met.


Entry: market and 0.7543, the 13-day average rate.

Stop: 0.7677, July's high.

Target: 0.7322, the 3-week low, and 0.7149, just above May's base.

Time horizon: this week.

Source: CQG  

AUDUSD Weekly -higher lows ended
Source: CQG 

Five-year AUDUSD:

Create your own charts with SaxoTraderGO click here to learn more

Source: Saxo Bank 

— Edited by D. Deacon

Non-independent investment research disclaimer applies. Read more
Andrey Derimarko Andrey Derimarko
you can sell?
Steve Lucas Steve Lucas
I am small short on the weekly may go higher today though
Andrey Derimarko Andrey Derimarko
hi Steve! down so far so good!
Steve Lucas Steve Lucas
yes, but usdjpy mixed & volatile....equities mixed...signals murky today..
Steve Lucas Steve Lucas
The sell limit was traded at .7543...we would take back half of the overall position size and lower the stop to Wednesday's .7561 top.


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer
- 沪ICP备13028953号-1

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail