Forex Trading Opportunities for the Week Ahead 13 March 2015

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. 

• Short GBP/USD. Breakout – MT is bear normal. We have had a breakout and fundamentals negative for GBP with uncertainty around the upcoming election.
• Waiting USD/JPY. – MT is sideways normal. Prefer longs with profit short term profit targets at the moment.
• Waiting  AUD/USD  –  MT is sideways volatile turning sideways normal. Waiting with a short bias.
• Short EUR/USD. Trend – MT is bear normal (just & debatable, as it could be a sideways volatile). The strength of the move means we want to stay short until at least the low at 1.0460 .
• Waiting NZD/USD. – MT is sideways normal.
• Long USD/CHF. Reversal– MT is turning bull normal. The low we mentioned last week was not breached and we have a double bottom in place. Strong upwards momentum and remain fundamentally bullish this pair.
• Short EUR/CHF. Trend – MT is bear normal. Be very very wary of going short this pair as the SNB are making noises which could be preparing the market for more intervention.
• Long  USD/CAD. Reversal – MT is sideways volatile. Had a bullish engulfing candle after support was busted. Be very cautious after Fridays bearish candle though.
• Waiting EUR/GBP.  – MT is sideways normal. Wait for the price to hold below support before the bear is confirmed
• Waiting  AUD/JPY. MT is sideways volatile. Wait or trade off the edges.
• Waiting NZD/JPY  – MT is volatile sideways . Daily reversal candle suggests the momentum is short.
• Short GBP/JPY.  Trend – MT is bear normal. Look short
• Waiting EUR/JPY. –  MT is sideways normal. Prefer to wait for the low to be breached, but this pair is likely heading lower.
• Short GBP/NZD. Trend – MT is normal bear. Go short.
• Short EUR/NZD. Trend- MT is normal bear. Keep going short, but MT is turning sideways so be careful.
• Short AUD/NZD. Trend – MT is normal bear. Had a strong reversal after the RBA announcement last week but technically the bear is still in play.
• Waiting EUR/AUD. – MT is sideways volatile. Very rapid sell off last week.
• Waiting GBP/AUD. – MT is sideways volatile. As above.
• Short  AUD/CAD. Trend–  MT is Volatile bear. Keep going short but with caution.
• Short GBP/CAD. Trend– MT is normal bear. Continue going short.
• Short EUR/CAD.  -MT is fast bear. Look for shorts.