This past week we saw the U.S. Dollar sink while the Euro, British Pound, and Australian/New Zealand Dollars gained. This was not true for the USDJPY however. The USDJPY shot up surprisingly while the other USD pairs shot down.
It seems the USD is in for some erratic movement this coming week. I feel it will form mostly ranging markets with a slight uptrend, while the EUR, GBP, and AUD/NZD pairs will begin a slow decent. Make sure you keep you eyes on the 4H chart while looking at lower time frames.
Here are my basic predictions for this week...
EURUSD - BUY ONLY (30M chart)
GBPUSD - BUY & SELL (30M chart)
AUDUSD - BUY & SELL (30M chart)
USDCHF - BUY & SELL (30M chart)
USDJPY - BUY & SELL (30M chart)
USDCAD - BUY & SELL (30M chart)
There is a fair amount of high impact news this week but nothing to significant that you need to be worried. Please do mark all dates and times on your personal calendars so as to avoid trading during high impact news events. You can use this calendar to mark such events....
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If you have any questions about these predictions OR if you want me to analyze another currency pair, please feel free to hit me up on Facebook at either of the following...
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