Forex Trading Opportunities for the Week Ahead 26 April 2014

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. 

• Long  GBP/USD. Trend   – MT is strong bull. Reversal pattern mentioned last week has played out nicely.
• Waiting USD/JPY. – MT is sideways normal. Maybe an opportunity off the edge here, but wait for confirmation.
• Waiting  AUD/USD  –  MT is sideways normal. More bullish reversal patterns on the weekly chart, but fundamentally still very bearish AUD.
• Waiting EUR/USD. – MT is sideways normal. Mixed US data and european data keep us within the range.
• Waiting NZD/USD. – MT is sideways normal. Bearish pin candle last week has played out and best to look short for now to the opposite side of the range.
• Waiting USD/CHF. – MT is sideways normal. Look for a bullish reversal or breakout lower.
• Short EUR/CHF. Trend – MT is bear normal. We have been mentioning that you want to be careful in-case of a sudden reversal which we got last week. Bear normal market type continues to hold so it could be a selling opportunity.
• Short  USD/CAD. Trend – MT is bear normal. Continue to look short
• Short EUR/GBP.  Trend – MT is bear normal. Reversal failed. Keep looking short.
• Waiting  AUD/JPY. MT is sideways volatile. Wait or trade off the edges.
• Short NZD/JPY  – MT is volatile sideways . Had a reversal off the edge short.
• Long GBP/JPY.  Trend – MT is Bull normal. The long reversal mentioned previously had been quite strong. Continue to buy.
• Waiting EUR/JPY. –  MT is sideways normal. Reversal played out but Fridays price action was consolidative.
• Long GBP/NZD. Reversal – MT is just bull normal. Great looking reversal last week and price action continues to support a buy.
• Short EUR/NZD. Trend- MT is normal bear. Had a very bullish candle on Friday, but the normal bear market type suggests that this could be a selling opportunity.
• long AUD/NZD. Breakout – MT is normal bull. Market type completely reversed last week. Look to buy but be wary of a reversal back into the range.
• Waiting EUR/AUD. – MT is sideways normal. Wait and see
• Waiting GBP/AUD. – MT is sideways normal. As above.
• Waiting AUD/CAD. Trend–  MT is sideways normal. Wait.
• Short GBP/CAD. Trend– MT is bear normal. Continue going short, but shorter-term signals are turning bullish.
• Short EUR/CAD. Trend  -MT is bear normal. Look to go short.