Analysis for 30 August 2013

EUR/USD
The euro remains under pressure and had suffered some sharp losses yesterday against all the most-traded counterparts. On the last trading day this week, some data concerning the euro will be published, which don´t indicate substantial increase according to the forecasts, and will support the euro correspondingly little.
Two indices are published with relative importance of the United States. At 09:45 h the Chicago Purchasing Managers Index and 09:55 h the Michigan Consumer Sentiment Index. Both have fallen at the last reading and should, if the forecasts are true positive, support the dollar further.
Technically, the pair currently located at a support level at 1.3230. If this is clearly broken nothing should stand in the way towards 1.3100.

Long: > 1,3275
S/L: 25 Pips
TP: 35 Pips
Trailing Stop: 20 Pips

Short: < 1,3180
S/L: 25 Pips
TP:  50 Pips
Trailing Stop: 25 Pips

USD/JPY
The dollar was yesterday 0.65% higher against the yen and was at the end of the trading day near the resistance at 98.30.
The published data about the japanese economic during the early trading were unconvincing and don´t relieve the yen against the U.S. dollar. As for the USD no negative economic data is expected and a reduction of bond purchases is increasingly likely, the bullish trend of the USD should be continued.

Long: > 98,63
S/L: 25 Pips
TP:  50 Pips
Trailing Stop: 25 Pips

Short: < 97,80
S L: 25 Pips
TP: 40 Pips
Trailing Stop: 20 Pips

AUD/USD
For the AUD it looked yesterday, after the publication of data on private-  and construction-investment, as if it reverse the bearish trend. In the course of the day, but showed that investor confidence for a turnaround is not sufficient and he gave his initial profits again and slipped back into the red. Even today, no turnaround should take place, but the price is back in the area of annual low, but this could break due to the current confidence in the U.S. dollar.

Long: > 0,9875
S/L: 25 Pips
TP:  35 Pips
Trailing Stop: 20 Pips

Short: < 0,8895
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 20 Pips

The data for entry, S/L and TP are shown as a guide only and that is probably conservative. They can be adapted to the current market behavior and your own trading style.

Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.