Forex Trading Opportunities for the Week Ahead 18 May 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. 

• Long GBP/USD. Trend  – MT is a bull strong. More positive data off-set a dovish tone by the BOE and the up-trend is still in play. But buy with caution due to BOE comments.
• Waiting USD/JPY. – MT is sideways normal. Range is getting very tight. Stalk the breakout.
• Long AUD/USD Trend –  MT is bull normal. Continue to buy.
• Long EUR/USD. Trend – MT is bull normal. Continue to buy. Deutsche bank suggesting a sell but no technical signal as yet.
• Short NZD/USD. Trend– MT is bear normal. Pull back last week off support but selling has resumed and bear market is in play. Note if price stays choppy we could quickly turn back into a sideways market type.
• Short USD/CHF. Trend – MT is bear normal. Last weeks reversal pattern failed – go short.
• Waiting EUR/CHF.  – MT is sideways normal. Wait and see
• Waiting USD/CAD. – MT is sideways normal. Wait.
• Waiting EUR/GBP.   – MT is sideways volatile. Wait for now but expecting price to head higher inside the range.
• Long  AUD/JPY. Trend -MT is bull normal. Look to buy.
• Short  NZD/JPY. Trend – MT is bear normal. Look to sell.
• Long GBP/JPY. Trend – MT is bull normal. Keep buying.
• Long EUR/JPY. Trend –  MT is bull normal. Bull market still in play.
• Short  GBP/NZD. Trend – MT is just strong bull. Reversal did not occur last week but we have a very bearish pattern off weekly resistance on weds last week that is still in play. Look short with caution
• Long EUR/NZD. Trend- MT is strong bull. Buy the dip worked last week. Keep buying.
• Long AUD/NZD. Trend– MT is bull normal. Keep buying but be wary of resistance.
• Waiting EUR/AUD. – MT is sideways normal. Wait.
• Waiting GBP/AUD. – MT is sideways normal. Wait.
• Waiting AUD/CAD. –  MT is sideways normal. Wait.
• Waiting  GBP/CAD. – MT is Sideways normal. One more up day turns this into a bull.
• Short EURCAD Reversal  -MT is bear volatile. Last weeks short is still in play – just – a daily close above resistance will invalidate the trade and turn the MT to bull normal.