Category Archives: Majors

30Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1853 EurUsd is unchanged on Thursday after having bounced off rising-trend support, and a similar session looks possible today although a big day of data may produce plenty of volatility. OPEC, EU CPI, US Personal Consumption/Expenditure in focus. 1 hour/4 hour indicators: Mixed Daily Indicators: Up – Possible topping formation. Weekly Indicators:  Neutral Preferred Strategy:  Another… Read More »

29 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1844 EurUsd has drifted lower, accelerating late in the day as it came under pressure from the move in EurGbp on the back of the Brexit headlines. Currently sitting towards the 1.1825 session low, the short term momentum indicators hint at further losses to come, although the dailies still look constructive. If we do head lower,… Read More »

28 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1898 EurUsd has sharply reversed from the 1.1960 session highs, currently sitting near the low of 1.1895, and from the look of the short term momentum indicators it maybe that we are headed for a further test of the downside. The daily techs are also warning the Euro longs, with an inverted hammer formation hinting at… Read More »

27 Nov: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.1932 EurUsd soared higher on Friday in taking advantage of the solid data from the EU and it finished near session highs of 1.1943 in thin conditions after having taken out the important 1.1880 resistance. The Euro looks solid again on Monday, with both the 4 hour/daily momentum indicators pointing higher, and above Friday’s high… Read More »

24 Nov: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.1852 EurUsd is firm again today, after the solid EU PMI readings  although the range has been tight because of the US holiday. The 4 hour/daily momentum indicators are still pointing higher, and further gains look possible so buying dips is currently favoured.  Further out though, the weeklies do still point lower so I would… Read More »

23 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1820 EurUsd is higher today, after some soggy US data and a mildly dovish outlook of the FOMC Minutes, and is closing the day at near the 1.1826 high. The momentum indicators are aligning higher, and further gains look possible, so buying dips is currently favoured although the weeklies do point lower so in the bigger… Read More »

22 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1739 EurUsd had a quiet session, within 1.1712/57, leaving the outlook unchanged and it looks as though it will be politics and risk sentiment that will continue to guide the action, with the FOMC Minutes and the Durable Goods Orders being the main economic focus of the coming session. Note that Janet Yellen will be speaking… Read More »

21 Nov: Forecast: FX: US$/Majors + trade ideas

    EURUSD: 1.1730 EurUsd had a choppy range of 1.1721/1.1807 care of the German political standoff, leaving Angela Merkel with the possibility of facing new elections. Focus will again be on Germany today, to see what the next direction will be, and that is likely to weigh on the downside although with the momentum indicators looking mixed… Read More »

7 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1610 Preferred Strategy:  EurUsd has had a choppy session on Monday, either side of 1.1600, but has ended up close by leaving the technical outlook unchanged while the pair continues to respect the head/shoulder resistance at 1.1675. In the short term, the Euro has recovered from a low of 1.580, leaving the 1.1570/80 as reasonably strong… Read More »