Forex Trading Opportunities for the Week Ahead 13 June 2016

Majors

• Wait DXY  – MT is sideways volatile. The DXY staged a minor recovery at the end of last week and we remain in the sideways MT. The key USD driver remains the timing of the next rate hike. Watch for a que from the FOMC statement and then Yellen’s press conference this coming week. Also of note is the weakness in US bond yields (meaning investors earn more carry when selling USD vs. other currencies) which is bearish USD. Technically I expect the dollar index to grind it’s way back towards 100, unless we get a sustained break of the low at 92.
• Sell GBP/USD. Breakout – MT is bear normal. The GBP broke the key 143 level and shifted into bear MT territory on the back of Brexit concerns. This was despite a flurry of good data from the UK. Selling on positive data is a very bearish sign and GBP presents a good tactical shorting opportunity. Of course you need to plan to have your shorts closed well before the June 23rd referendum.
• Sell USD/JPY. Trend – MT is bear normal. We are holding onto a bear normal MT, but a small hammer suggests we should be applying a fair amount of caution. Note that this pause in the decent of the yen makes it more difficult for Japanese officials to intervene. They are concerned about volatility/ speed of moves, more than the actual price.  We have BOJ monetary policy announcement on the 16th.
• Wait AUD/USD.  –  MT is sideways normal. The RBA showed little intent to cut rates in last weeks meeting. We are close to a bull MT and I like buying AUD at the moment, though perhaps more against the crosses than the USD. Watch out for China data and risk-off in stocks though.
• Wait EUR/USD.  –  MT is sideways volatile. We had a technical sell in a sideways volatile MT with a bearish engulfing candle off resistance near the upper Bollinger Band on Thursday. We can expect the pair to now move back towards 1.10. We need to be careful of FOMC which could put paid to this technical move with dovish comments. Not much market moving data for the EUR next week and the ECB will remain quiet in anticipation of the Brexit Referendum. ECB is beginning some stimulus programs and it will be interesting to watch their impact.
• Buy NZD/USD. Trend – MT is bull fast. Kiwi continued to rocket up last week after  hawkish RBNZ comments. Keep stops tight as we could see gains evaporate quickly in this MT.
• Sell USD/CHF. Trend – MT is bear normal. But I issue this call with caution as we have the SNB this week, where they are likely to reiterate that they are unhappy with CHF strength.
• Buy USD/CAD. Reversal – MT is bear normal. I am going to call this a buy as we have a little bit of abottoming formation in place on the lower timeframes, and more importantly we have a bearish doji in oil after a rejection of the key $50 level.  Buy on a break above 1.28, looking for a move back to 1.32.
• Wait EUR/GBP. – MT is sideways volatile. Best to wait for now. We have some signs of topping, but given the bearish outlook for GPBUSD I would hesistate to be buying GBP here.

Crosses

• Wait EUR/CHF.  – MT is bear fast. A rapid fall in EURCHF could result in a buying opportunity near these levels depending on what the SNB says.
• Wait AUD/JPY.  – MT is sideways quiet. Wait for now, and stalk a break below .78, but only if accompanied by risk-off in stocks.
• Buy NZD/JPY. Trend – MT is bull normal. Buy but with caution as we remain within the wider range.
• Sell GBP/JPY. Trend – MT is bear normal.  Sell on a break below 151.50.
• Sell EUR/JPY. Trend – MT is bear normal. Continue to sell. There is lots of downside potential.
• Wait CAD/JPY. – MT is sideways normal. Wait for now.
• Wait CHF/JPY.  – MT is sideways normal. Wait for now.
• Sell GBP/NZD. Trend – MT is bear normal. Sell for a move towards 1.94. Could be a good option if you want to short GBP.
• Sell EUR/NZD.  Trend – MT is bear fast. Continue to sell.
• Sell AUD/NZD. Trend – MT is bear fast.  Look to sell.
• Wait EUR/AUD.  – MT is bear normal. Look to sell for a move towards 1.45. Could be a good option.
• Sell GBP/AUD. Trend – MT is bear normal. Look to sell.
• Wait AUD/CAD. –  MT is sideways normal. Wait for now.
• Wait GBP/CAD. –  MT is sideways volatile. Wait for now as near the bottom of the wider range.
• Wait EUR/CAD. –  MT is sideways normal. Wait for now.
• Buy NZD/CAD. Trend – MT is bull normal. Continue to buy.
• Wait GBP/CHF. – MT is bear fast. Wait for now with SNB coming up.
• Wait CAD/CHF.  – MT is sideways quiet. Wait for now.
• Wait NZD/CHF. – MT is sideways normal. Wait for now.
• Wait AUD/CHF.  – MT is sideways quiet. Wait for now.

Forex Trading Opportunities for the Week Ahead 30 May 2016

Note that this is my current view, but if market conditions change my view can change too. Generally I will trade in alignment with what I have noted here, though I will wait for a set-up before I enter. I base my view on technical and fundamental information. This is my beliefs and you are welcome to have opposite ones. Having a plan is more important than the actual direction for me. 

Majors

• Buy DXY Trend – MT is bull normal.
• Wait GBP/USD. – MT is sideways normal. Or short from top of range.
• Wait USD/JPY. – MT is sideways normal. Wait for now.
• Sell AUD/USD. Trend –  MT is bear normal.
• Sell EUR/USD. Trend –  MT is bear normal.
• Sell NZD/USD. Trend – MT is bear normal.
• Buy USD/CHF. Trend – MT is bull normal.
• Buy USD/CAD. Trend – MT is bull normal.
• Sell EUR/GBP. Trend – MT is bear normal.

Crosses

• Buy EUR/CHF. Trend – MT is bull normal. But careful as turning sideways.
• Wait AUD/JPY.  – MT is sideways normal. Wait for now.
• Wait  NZD/JPY. – MT is sideways quiet. I like to stalk the breakout lower.
• Wait GBP/JPY. – MT is sideways normal.  Wait for now.
• Wait EUR/JPY.  – MT is sideways quiet. Wait for now.
• Wait CAD/JPY. – MT is sideways quiet. Wait for now.
• Wait CHF/JPY. – MT is sideways quiet. Wait for now.
• Buy GBP/NZD. – MT is bull normal. Look to buy, but careful of the bearish hammer.
• Wait EUR/NZD.  – MT is sideways quiet. Wait for now.
• Wait AUD/NZD. – MT is sideways normal.  Wait for now.
• Wait EUR/AUD.  – MT is sideways normal. Wait for now.
• Buy GBP/AUD. – MT is bull normal.
• Sell AUD/CAD. –  MT is bear normal. Continue to sell.
• Buy GBP/CAD. –  MT is bull normal. But careful here.
• Wait EUR/CAD. –  MT is sideways normal. Wait for now.
• Wait NZD/CAD. – MT is sideways normal. Wait or now.
• Buy GBP/CHF. – MT is bull normal.
• Wait CAD/CHF.  – MT is sideways normal. Wait for now.
• Wait NZD/CHF. – MT is sideways normal. Wait for now.
• Wait AUD/CHF.  – MT is sideways normal. Wait for now.

Forex Trading Opportunities for the Week Ahead 23 May 2016

In normal trading circumstances i would like to see 38%  retracement to enter short in the direction of the recent trend. at the moment the pair is struggling to raise above 1.1230 after the FOMC minutes and the continue demand for Dollar.
I would lookinhg for a break below 1.1175 which is below 0.0% fib level would open the dooe for the downside.
taking 1.1000 as the next support level.

 Lasts weeks BREXIT poll results came out in favor of the UK staying in the European Union. Economic data also improved. I like to have a little bit of long GBP pound exposure heading into the June vote as my base case remains the UK stays,
There is an Head and Shoulder pattern on daily chat with neckline concide with 50% fib level and a trend line capping the price. i would be waiting for Trendline bounce or break to buy or sell GBPUSD

Sell AUD/USD. Trend –  MT is bear normal. The AUDUSD continued to sell off on the back of divergence in monetary policy between the US and Australia. From a macro point of view, if anything develops out of China because of this article, then it will pressure the Aussie. Note my base case is that a slow down in China remains a major headwind for AUD and we eventually see the pair back down around 60 cents (though it may take a stock bear market to achieve the target).
and also techically the head and shoulder pattern play out with a pair of Dragonfly doji on thursday.
i would wait for it to move a little bit higher so that i can enter shot and play along the head and shoulders move.





 This is the analysis of the rest of the pairs for the week

Sell NZD/USD. Trend – MT is bear normal. There are a variety of conflicting forces in play with the NZD. On the one hand we have a central bank in an easing cycle and weak dairy prices. On the other we have capital inflows (as seen by the hot stock market) and record net migration and booming tourism. NZD also provides the opportunity earn yield as it’s interest rate remains much (in this world of zero rates) higher than many of it’s peers. Overall I like to sell the kiwi after the recent run-up but I will maintain a healthy dose of caution until the stock market starts to weaken. 

Buy USD/CHF. Trend – MT is bull normal. The initial 0.98 target discussed here was met and pair has now broken out into a bull MT. The run-up has been quite strong so a pull-back is expected buy on a dip. 

Buy USD/CAD. Trend – MT is bull normal. We now have a divergence between oil and the CAD with Oil remaining in a bull MT. I like to buy CAD here but also using a more conservative approach as I would have expected a greater period of consolidation after the previous bear especially considering that oil continues to move higher. Also, watch out for the Bank of Canada this week. They have been reasonably positive so a shift to a more dovish stance could surprise the market. 

Sell EUR/GBP. Breakout – MT is bear normal. The break of the 4 hour MT mentioned here last week saw us quickly take out the .7750 level and we are now in a bear MT. Look to sell.

Crosses 

• Sell AUD/JPY.  Trend– MT is bear normal. Continue to sell but with caution as we may be turning sideways. Possibly wait for a break of .7850.
• Wait  NZD/JPY. – MT is sideways volatile. Still looking for a below 72.50 to initiate shorts, though wary of BOJ.
• Wait GBP/JPY. – MT is sideways volatile. Wait for now.
• Wait EUR/JPY.  – MT is sideways volatile. Wait for now.
• Wait CAD/JPY. – MT is sideways volatile. Wait for now.
• Sell CHF/JPY. Trend– MT is bear normal. Continue to sell.
• Buy GBP/NZD. – MT is bull normal. Look to buy, but possibly wait for the price to bottom and reverse on one of the lower timeframes.
• Wait EUR/NZD.  – MT is sideways normal. Wait for now.
• Sell AUD/NZD. Trend– MT is bear normal. Continue to sell.
• Buy EUR/AUD.  Trend – MT is bull normal. Buy, but careful as we may well turn sideways here.
• Buy GBP/AUD. – MT is bull normal.  Buy but on a pull back only.
• Sell AUD/CAD. –  MT is bear normal. Continue to sell.
• Wait GBP/CAD. –  MT is bull fast. Buy but on a pull back only in this MT.
• Wait EUR/CAD. –  MT is sideways volatile. Wait for now.
• Wait NZD/CAD. – MT is sideways normal. Wait or now.
• Buy GBP/CHF. – MT is bull fast. We have had the break into a bull MT at the completion of an inverse head and shoulders pattern. Look to buy for an eventual move back towards 1.5600. Wait to stalk an entry in this MT.
• Wait CAD/CHF.  – MT is sideways normal. Wait for now.
• Wait NZD/CHF. – MT is sideways normal. Wait for now.
• Sell AUD/CHF.  – MT is bear normal. Sell but low conviction as turning sideways.

Forex Trading Opportunities for the Week Ahead 16 May 2016

Note that this is my current view, but if market conditions change my view can change too. Generally I will trade in alignment with what I have noted here, though I will wait for a set-up before I enter. I base my view on technical and fundamental information. This is my beliefs and you are welcome to have opposite ones. Having a plan is more important than the actual direction for me. 

Majors

• Wait GBP/USD. – MT is bull volatile. Data continues to be poor out of the UK and the risks surrounding the pending BREXIT referendum remain a focus for GBP traders. Technically, the break on Friday of 1.44 and the bearish picture on weekly charts suggest that there is more downside, with 1.40 as the next target. We wait for the MT to turn bearish on the daily charts before switching our call to sell, though aggressive traders can consider shorts now I think.
• Sell USD/JPY. Trend – MT is bear normal. I think we are relatively safe to continue to sell the pair with the risk of BOJ intervention low ahead of the May 20-21 G7 meeting. Note that the MT is close to turning sideways. A lower conviction trade just now.
• Sell AUD/USD. Trend –  MT is bear normal. The downtrend continues after the RBA’s surprise rate cut two weeks ago. Continue to sell.
• Wait EUR/USD. – MT is sideways normal. Weak GDP data has continued to pressure the euro after theformation of a weekly hammer two weeks ago. Similar to GBP we are waiting for the bull market to confirm before switching our call to short. The downside is very much favored.
• Sell NZD/USD. Trend – MT is bear normal. The kiwi remains weak after poor retail sales data and we have now switched to bear MT. This weakness is despite comments from RBNZ’s Wheeler, where he suggested that the next rate cut may not be as soon as expected.
• Wait USD/CHF. – MT is sideways volatile. I expect the price to move towards .98 and if the USD continues to strengthen vs. the EUR, then we should see the pair head higher still.
• Wait USD/CAD. – MT is sideways volatile. I expect USDCAD to consolidate for a while now after the recent downtrend. We need to watch Oil carefully for clues. Oil remains fundamentally challenged but the price is near recent highs on the back of speculative buying. A sharp reversal in the commodity should lead to CAD selling, moving USDCAD into bull MT territory. If Oil remains bid we can expect the consolidation in USDCAD to continue for an extended period.
• Wait EUR/GBP. – MT is sideways normal. We are now in a sideways MT so caution is required. Shorter-term traders can watch for a break of the sideways MT on the 4 hour charts for a move back to either 77 or 81 depending on the direction of the break.

Crosses

• Buy EUR/CHF. Trend – MT is bull normal. There is a minor topping formation in place, and while it does not cancel our bullish call, I suggest caution.
• Sell AUD/JPY.  Trend– MT is bear normal. Continue to sell. This trade could go very well if the S&P500 index breaks below 2040.
• Wait  NZD/JPY. – MT is sideways volatile. Look for a below 72.50 to initiate shorts.
• Wait GBP/JPY. – MT is sideways volatile. Wait for now.
• Wait EUR/JPY.  – MT is sideways volatile. Wait for now. A break of support at 121.50 looks interesting here.
• Wait CAD/JPY. – MT is sideways volatile. Wait for now.
• Sell CHF/JPY. Trend– MT is bear normal. Continue to sell.
• Wait GBP/NZD. – MT is sideways normal. Wait for now.
• Wait EUR/NZD.  – MT is sideways normal. Wait for now, though the pin candle off resistance suggests we could see more downside.
• Sell AUD/NZD. Trend– MT is bear normal. Continue to sell.
• Buy EUR/AUD.  Trend – MT is bull normal. Buy, but careful as we are seeing signs of topping.
• Buy GBP/AUD. – MT is bull normal.  Continue to buy.
• Sell AUD/CAD. –  MT is bear normal. Continue to sell.
• Wait GBP/CAD. –  MT is sideways normal. Wait for now.
• Wait EUR/CAD. –  MT is sideways volatile. Wait or sell after a topping formation in this MT.
• Wait NZD/CAD. – MT is sideways normal. Wait or now.
• Wait GBP/CHF. – MT is sideways normal. Wait for now.
• Wait CAD/CHF.  – MT is bull volatile. Wait for now.
• Wait NZD/CHF. – MT is sideways normal. Wait for now.
• Sell AUD/CHF.  – MT is bear normal. Sell but low conviction.

Forex Trading Opportunities for the Week Ahead 25 April 2016

Note that this is my current view, but if market conditions change my view can change too. Generally I will trade in alignment with what I have noted here, though I will wait for a set-up before I enter. I base my view on technical and fundamental information. This is my beliefs and you are welcome to have opposite ones. Having a plan is more important than the actual direction for me. 

• Wait GBP/USD.  – MT is sideways normal. There has been a change in sentiment toward the GBP. Bad data has been consistently ignored which is quite a bullish sign. There have also been gains in the polls from those who want the UK to stay in the EU (this is my base case). Technically there is a head and shoulders bottom in play with a close above 1.4400 needed to confirm the upside. We are pressing this level so stalk a break this coming week.
• Wait USD/JPY.  – MT is bear volatile. On Friday we saw an over 2% rise on the USDJPY on the back of news that the BOJ may consider negative lending rates in the meeting next week (a form of additional stimulus). While this is unlikely to actually do much for the economy, it was enough make jumpy JPY longs (like me) run for cover. We now have quite a mixed fundamental and technical picture on the pair so I think waiting for clarity is the order of the day. My long-term call is we see 200 vs. the USD and I will be initiating positions that fit that view when more appropriate.
• Wait AUD/USD. –  MT is sideways normal. We had a bullish breakout of the sideways MT that failed last week, and are now back in the range. Weekly charts are still bullish, so we don’t really want to be initiating shorts here. Possibly look to buy a dip but watch stocks and the crosses to confirm direction. Better opportunities to buy AUD on the crosses I think.
• Sell EUR/USD.  Trend – MT is sideways normal. The ECB did not say too much at the meeting last week. A weekly evening star pattern off the edge of the sideways MT suggests a move back towards 1.08 or lower is possible. We are not quite yet in bear normal MT territory but we are breaking below recent lows. Continue short.
• Wait  NZD/USD. – MT is bull volatile. A bearish hammer confirms a busted breakout on the weekly charts. The opportunities are now to look short, but we want the daily MT to turn bearish first so a bit of patience required. We have the RBNZ’s interest rate review this week. A dovish statement will support the case for further downside. Some good opportunities to sell NZD on crosses.
• Wait USD/CHF. – MT is sideways volatile. We should see the pair move higher in sympathy with a lower EUR this week, but for now the MT is sideways volatile so best to wait.
• Buy EUR/CHF. Trend – MT is bull normal. We have broken out into a bull normal MT, but the breakout is not strong. Buy but with caution.
• Sell USD/CAD. Trend – MT is bear normal. There was no accord to freeze oil production at last weeks Doha meeting. This saw both oil and the CAD gap down dramatically on the open. But losses were quickly reversed and the establish trend continues. This was supported by positive retail sales data out of Canada surprising the market. Continue to sell with no support in sight.
• Sell EUR/GBP.  – MT is bear fast. The switch in sentiment towards both the GBP and EUR saw a large sell off in the pair last week. We flipped all the way from bull to bear MT in the space off a week. Look short but caution is advised given the speed of the move. Note that the weekly MT is now volatile.
• Wait AUD/JPY.  – MT is sideways volatile. Still no clear direction here. Wait for now.
• Wait  NZD/JPY. – MT is sideways volatile. Sitting mid range, wait for now.
• Wait GBP/JPY. – MT is bear volatile. Stay out in this MT, but I do think there will be a good case to buy this pair after it has properly bottomed.
• Wait EUR/JPY.  – MT is bear volatile. We have a double bottom forming on this pair but we are now sitting mid range so best to wait.
• Buy CAD/JPY. Breakout– MT is bull normal. Breaking out into a bull normal MT.
• Wait CHF/JPY. – MT is sideways normal. The pair looks like it is starting to bottom, wait for now.
• Wait GBP/NZD. – MT is bear volatile. We may now see the pair transition into a bull MT, in particular if we see GBPUSD break above 1.44. One to watch as it could have a fair amount of upside.
• Wait EUR/NZD.  – MT is bear normal. But we are at the bottom of a wider sideways MT. Wait for now.
• Wait  AUD/NZD. – MT is sideways normal. Another one to watch. Look for a break above 1.1300. This is a good option unless AUDUSD turns bearish.
• Sell EUR/AUD.  – MT is bear normal. Look short but wait for a break below 1.44 as we are at support.
• Sell GBP/AUD. – MT is bear normal. Continue to sell but lower conviction now. A tiny little double bottom is in place.
• Wait  AUD/CAD. –  MT is sideways normal. Wait
• Sell GBP/CAD.  Trend –  MT is bear normal. Continue to sell but lower conviction.
• Sell EUR/CAD.  Trend–  MT is bear normal. Continue to sell.
• Sell NZD/CAD. Breakout– MT is bear normal. Great breakout pattern here. Sell at market with a stop above 0.88
• Buy GBP/CHF. Trend – MT is bull normal. Similar to EURGBP. There is also a monthly reversal pattern I am tracking to add to the bull case.
• Buy CAD/CHF.  Trend– MT is bull fast. Look to buy, but caution required in this MT.
• Wait NZD/CHF. – MT is sideways normal. Wait.
• Buy AUD/CHF. Trend– MT is bull normal. Similar to EURAUD. Wait for a break above 0.76.

Forex Trading Opportunities for the Week Ahead 18 April 2016

Note that this is my current view, but if market conditions change my view can change too. Generally I will trade in alignment with what I have noted here, though I will wait for a set-up before I enter. I base my view on technical and fundamental information. This is my beliefs and you are welcome to have opposite ones. Having a plan is more important than the actual direction for me. 

• Wait GBP/USD.  – MT is sideways normal. Nothing really new to report on the pound. Economic reports continue to be weak and Brexit concerns have not gone away. We remain range bound vs. the US, so in the absence of any strong signals, it’s best to wait.
• Sell USD/JPY.  Trend – MT is bear normal. Japan was sadly been experiencing the worst earthquakes since 2011. This is putting pressure on JPY.  Additionally last weeks slowing of downside momentum in the pair reduces the chance of any BOJ intervention, as the BOJ cares not only about the price but the speed of the Yen’s movements. In this MT and with a bearish engulfing day on Friday, continue to sell.
• Wait AUD/USD. –  MT is sideways normal. AUD is pushing the upper bounds of the sideways MT and stocks continue to trade higher. China data came in at expectations which was also supportive of AUD. Wait for now but I think a short-term opportunity to the upside on a break of the high, unless we see a sudden sell off in equity markets (which I am increasingly wary of based on market type theory).
• Sell EUR/USD.  Trend – MT is sideways normal. The EUR broke out to the downside of the sideways quiet MT that had been forming on the 4 hour charts. This occurred after a clear rejection of the topside. Technically we also see the formation of a evening star pattern on the weekly charts. Fundamentally, there is a lack of clarity from both the Fed and ECB, and we will need to look to this weeks ECB meeting for clues. From a macro (rather than monetary policy) point of view the Euro region faces major issues, more so than the US.
• Buy NZD/USD. Trend– MT is bull normal. The grinding uptrend continues despite weakness on the AUDNZD cross. Continue to buy, but maintain a healthy dose of caution in this MT.
• Wait USD/CHF. – MT is bear volatile. We have entered a bear volatile phase, which is the precursor to a sideways MT. Wait for now.
• Wait EUR/CHF. – MT is sideways quiet. Stalk a breakout into a bull market. But a fair degree of caution should be maintained as Swiss economic performance has been surprisingly strong, while EUR is not looking great technically.
• Sell USD/CAD. Trend – MT is bear normal. The bear normal market type continues. Yesterday we have the Doha meeting, where there is no agreement  on freezing  oil production. The problem is that even if we do get a freeze, it does not solve the oversupply problem. Only a major cut in production would do that, which is not on the cards. This aside, the run up in oil, which is on the back of speculation rather than fundamentals, may continue if the news is perceived to be positive. Negative news could cause a sell-off in risk assets. I have upped my caution levels on CAD now we have hit 1.2800 and if Oil sells off after the weekend, we could easily see the market type turn sideways.
• Buy EUR/GBP. Trend – MT is bull normal. While we remain in a bull normal MT, price action is giving hints that we may turn sideways. Continue to buy but with lower conviction.
• Wait AUD/JPY.  – MT is sideways volatile. The pair recovered strongly last week and with stocks up and mixed price action it’s best to wait.
• Wait  NZD/JPY. – MT is sideways volatile. The key level discussed last week held and the price has reverted to a sideways MT.
• Sell GBP/JPY. Trend– MT is bear normal. Continue to sell.
• Sell EUR/JPY.  Trend – MT is bear normal. Continue to sell on a break of 122.50, decent breakout set-up here with a sideways quiet on the 4 hour charts.
• Wait CAD/JPY. – MT is sideways normal. We have reverted back into a sideways MT. This could be one to watch depending the outcome of Doha.
• Sell CHF/JPY. Trend– MT is bear normal. Continue short, but possibly best to wait for a break of the key level at 111.80.
• Sell GBP/NZD. Trend– MT is bear normal. Continue to sell with no real support through to 1.93.
• Sell EUR/NZD.  Breakout– MT is bear normal. We are breaking out into a bear normal. Correct approach will be a stop sell at 1.6225, after near term support has been breached.
• Wait  AUD/NZD. – MT is sideways normal. Wait for now.
• Wait EUR/AUD.  – MT is sideways normal. Breakout has failed and we are now pushing the opposite side of the range. Wait.
• Sell GBP/AUD. – MT is bear normal. Continue to sell.
• Wait  AUD/CAD. –  MT is sideways normal. Wait
• Sell GBP/CAD.  Trend –  MT is bear normal. Continue to sell.
• Sell EUR/CAD.  Breakout–  MT is bear normal. Look to sell
• Wait NZD/CAD. – MT is sideways  normal. Wait.
• Sell GBP/CHF. Trend – MT is bear normal. Continue to sell, but careful as we could be turning sideways.
• Wait CAD/CHF.  – MT is sideways normal. Almost a bull normal but technically looks over extended and trading near the top the range.
• Wait NZD/CHF. – MT is sideways normal. Wait.
• Wait AUD/CHF. – MT is sideways volatile. Wait.