Category Archives: Majors

25 Sept: Forecast: FX: US$/Majors + Trade Ideas

  EURUSD: 1.1905 Preferred Strategy: The dallies remain negative so selling into strength is preferred. Sell EurUsd @ 1.1960. SL @ 1.2010. TP @1.1600 24 Hour: Neutral. Medium Term: Prefer to sell rallies Resistance Support 1.2055 Minor 1.1900 Minor 1.2033 20 Sept high 1.1885 Minor 1.2003 Friday high 1.1860 (23.6% of 1.1118/1.2091)/20 Sept low 1.1980 Minor 1.1838 14… Read More »

22 Sept: Forecast: FX: US$/Majors

  EURUSD: 1.1940 Preferred Strategy: The dallies remain negative so selling into strength is preferred. Sell EurUsd @ 1.1985. SL @ 1.2105. TP @1.1600 24 Hour: Mildly Bullish. Medium Term: Prefer to sell rallies Resistance Support 1.2055 Minor 1.1915 Minor 1.2033 20 Sept high 1.1885 Minor 1.2000 Minor 1.1860 (23.6% of 1.1118/1.2091)/20 Sept low 1.1980 Minor 1.1838 14… Read More »

21 Sept: Forecast: FX: US$/Majors

    EURUSD: 1.1893 24 Hour: Bearish Medium Term: Prefer to sell rallies Preferred Strategy: Looking to sell around 1.1900-20 with a SL above 1.1950. 1.1860 is immediate support but looking for a run towards 1.1800. Resistance Support 1.2033 Session high 1.1860 (23.6% of 1.1118/1.2091)Session low 1.2000 Minor 1.1838 14 Sept low 1.1980 Minor 1.1800 Minor 1.1955 100… Read More »

20 Sept: Forecast: FX: US$/Majors

  Major Currency Pairs EURUSD: 1.1995 24 Hour: Neutral Medium Term: Neutral Preferred Strategy: Square ahead of the FOMC but short term charts hint mildly higher Resistance Support 1.2155 (50% pivot of 1.6037/1.0352) 1.1965 200 HMA 1.2091 8 Sept high 1.1948 Session low 1.2070 Minor 1.1910 Minor 1.2030 Minor 1.1885 Rising trend support 1.2005 Session high 1.1860 (23.6%… Read More »

14 Aug: Forecast: FX: US$/Majors

I will be travelling for the next 4 weeks and the service will be limited. Daily updates, mainly trading ideas will be posted at various stages during teach session. EURUSD: 1.1821 24 Hour: Neutral Medium Term: Prefer to sell rallies Preferred Strategy: While the short term momentum indicators look mildly positive, the dailies still point  lower although buying… Read More »