EUR/USD

Trading strategy: Buy

Open: 1.1645

Target: -

Stop-loss: 1.1570 (raised from 1.1450)

Recommended size: 2.67 mini lots per $10,000 in your account

Short analysis: Profit taken at 1.1750, earned: 200 pips, $400 per $10,000 in your account. EUR/USD bulls broke above the August 1.1734 peak, which opens the way to the 1.1780 Fibonacci level. 1.1780 Fibo is a 38.2% retrace of the 1.2556 to 1.1301 fall. We have placed a new bid at 1.1645 level in anticipation for a bullish resumption.

GBP/USD

Trading strategy: Buy

Open: 1.3130

Target: -

Stop-loss: 1.3020

Recommended size: 1.36 mini lots per $10,000 in your account

Short analysis: So far we have seen no negative fall-out from Wednesday's major candlestick doji. A bid returns and bull run resumes. We still see scope to 1.3363 and continue to favor a buy on dips strategy.

USD/JPY

Trading strategy: Await signal

Open: -

Target: -

Stop-loss: -

Recommended size: -

Short analysis: USD/JPY has failed to close above the key 112.38 Fibonacci level twice, a 76.4% retrace of the 113.18 to 109.78 (July to August) fall, on Tuesday and Wednesday. This failure is weighing heavily on USD/JPY.

USD/CAD

Trading strategy: Short

Open: 1.3065

Target: 1.2795

Stop-loss: 1.2970 (lowered from 1.3200)

Recommended size: 1.44 mini lots per $10,000 in your account

Short analysis: The pair broke below the 76.4% Fibo of 1.2887-1.3225 rise (1.2967). Our short is in good shape now. We have locked in profit at 1.2970.

AUD/USD

Trading strategy: Buy

Open: 0.7235

Target: -

Stop-loss: 0.7135

Recommended size: 1.50 mini lots per $10,000 in your account

Short analysis: Pair climbs above the 21-day moving average and clears 0.7230/40 resistance. RSIs are biased up and a monthly bull hammer candle is forming. Bull sentiment is elevated. A bid is placed at 0.7235.

EUR/GBP

Trading strategy: Await signal

Open: -

Target: -

Stop-loss: -

Recommended size: -

Short analysis: The EUR/GBP is below its daily cloud and attempting to hold a break under the 100-day moving average (0.8865). Daily negative momentum increasing but stocks yet to reflect price weakness. We stand aside.