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31 May, 2016

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.

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