Forex Analysis Video

Hello traders! Stocks are higher, USD reached new lows against the majors during Asian sessions, and it seems that this type of a price action will continue this week, especially after a sharp impulsive break on Eur/Usd yesterday out of its 6-day consolidation range. USD weakness is also seen across the board because of higher commodities. Gold and oil are looking very bullish after reversal from the lows few sessions back.

this past week. In this video you will find out "how and when", "we or you can" become more confident into your analysis and forecasting in currency markets, which potentially can improve your success in trading. We think, that intra-market analysis and correlations, key market levels and patience are three very if not the most important facts. Check out video below for more details.If you would like to join and try our analysis absolutely three then register now and get immediate access to our members around for 72hours ABSOLUETELY FREE (no credit card needed, just your name and email!   

Despite some action on the FX market in the past week, provided by the ECB rate decision and EU summitmost of the major pairs remained trapped in a range, sideways market. As such, we decided to take look on some FX crosses, such as Eur/Chf  and Eur/Aud for potential trade set-ups.  We will pay a very close action to Eur/Chf, which is forming a very nice clean triangle pattern from where we expect a bullish breakout in the coming week. We know that SNB will do everything possible to prevent any gains of the Swiss franc, and if we aso consider the euro zone's latest plan to solve its debt crisis, then this should be supportive for the Eur/Chf! Click on the video below for a technical analysis, which also includes Eur/Usd and S&P500.   <br />

GBPUSD: 1.5802 Short-Term Trend: downtrend Outlook: The break below 1.5870 last week confirms the wave B from the early Oct low is over and if the presented wave count is correct, weakness twd 1.5000 lies ahead. Thus, I am bearish now as long as the prices stay below 1.6000 and 1.6100. A decline below 1.5680 will further solidify that bearish view. The daily oscillators more or less confirm the bearish outlook as well. So, with all this in mind, I favor shorts here as the downside potential is quite large at this point. I encourage you to wath my video analysis on all major markets (forex and stocks) that I recorded for you on Sunday.

EURUSD: 1.4203 Short-Term Trend: sideways Outlook: A week ago I thought  EUR was likely to break higher abv the 1.4530/40 level. Well, it reached that level, but couldn't break above it (probably the worst possible situation for a trader: to see a breakout only to see it can't hold). The failure to hold abv the 1.4540 produced a sharp move lower later in the week and EUR plunged below 1.4200 on Friday. Now, there is a strong sell signal from the daily Stochastics and considering the sideways nature of the daily chart, further decline is favored. The question is how lower  EUR can go.  If the previous Diametric is still valid, then it will find a bottom abv 1.4055 and will head higher again. If the count presented above is unfolding, then the odds favor weakness all the way down to 1.3520. Right now I favore the bearish case and only a move abv 1.4390 will make me think different. You can also...

  The USD/CHF saw a massive relief rally on Tuesday as traders suddenly felt that all was right in the world. Of course, this will more than likely change in a few hours, as the markets are very reckless at the moment. When that does – there should be a continuation of the overall trend, which of course has been down for years. We like selling rallies, and we like the 0.83 level as a place in which to sell.

  The USD/JPY had another quiet trading session on Tuesday as traders are largely abandoning this pair. The threat of the central banks intervening certainly makes this a dangerous pair to short, but at the same time – nobody seem to want to go long at this point in time. Therefore, it is an almost impossible pair to trade currently.

  USD/CAD fell again on Tuesday, making a push towards the 0.9450 support area. The level is significant as it is the last bit of resistance between current levels and the all-time lows. A bounce here isn’t out of the question, and would be expected by many. Because of this, we are looking for rallies to sell. A close below the support level has us going all the way down to the 0.90 handle for it is all said and done.

  The NZD/USD pair shot straight up on Tuesday as traders bought into everything risk-related around the world. The Kiwi has been on a tear lately, and shorting this pair has only brought massive pain to traders. The pair looks like it is ready to be in the 0.85 and above range for a while, and now that the 0.85 psychological level has been cleared – one can only think that 0.90 might be in the future as well.

  Of the three Yen-related pairs that we follow, the GBP/JPY pair looks the most promising after the Tuesday trading session. The pair looks like it is trying to form a base, and go upwards from there. However, the 130 should prove to be very tough to break through, and would be an excellent place in which to short weakness in this market. We won’t buy until we close above that area.