Trading Opportunities for the Week

 Here are the Forex trading opportunities I will be taking this week.

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. 

• Short GBP/USD (Trend – though I have a tentatively bullish fundamental view, which is best expressed against the crosses)
• Long USD/JPY (Trend)
• Short AUD/USD (Trend – Currency pair is ignoring positive news)
• Short EUR/USD (Trend)
• Long NZD/USD (Reversal – very tentatively off weekly support )
• Short USD/CAD (Reversal – a double top may be forming. Was the strongest of the majors against USD last week)
• Long USD/CHF (Trend)
• Long NZD/JPY (Trend)
• Short AUD/NZD (Trend)
• Short EUR/GBP (Trend – but market type is sideways)
• Long EUR/AUD (Breakout – but watch for reversals off weekly resistance)
• Long GBP/JPY (Trend – Could be the best place to play a long GBP view)
• Long EUR/JPY (Trend)
• Long XAU/USD (Reversal off weekly support)

Trend: Market is trending in the direction I have listed and I expect it to continue

Reversal: I am looking for a reversal against the current trend

Breakout: The currency pair is breaking out of a range