I plan my trading for the week ahead each weekend. Here are the Forex trading opportunities I will be stalking this week.
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.
Note: Just an abbreviated report today coming into Xmas. Thanks for all your wonderful support in 2015. Merry Xmas to you and your family and looking forward to achieving great things in 2016.
- Sell GBP/USD. Trend – MT is bear normal.
- Sell USD/JPY. Trend – MT is bear normal.
- Wait AUD/USD. – MT is sideways normal.
- Wait EUR/USD. Trend – MT is sideways volatile.
- Wait NZD/USD. – MT is bull normal. Weekly bearish doji.
- Sell USD/CHF. Trend – MT is bear normal.
- Wait EUR/CHF. – MT is sideways normal.
- Buy USD/CAD. Trend – MT is bull normal.
- Buy EUR/GBP. Trend – MT is bull normal.
- Sell AUD/JPY. Trend – MT is bear normal.
- Wait NZD/JPY. – MT is sideways normal.
- Sell GBP/JPY. Trend – MT is fast bear.
- Wait EUR/JPY. – MT is sideways normal.
- Sell GBP/NZD. Trend– MT is bear normal.
- Wait EUR/NZD. – MT is sideways normal.
- Sell AUD/NZD. Trend – MT is bear normal.
- Wait EUR/AUD. – MT is sideways volatile.
- Wait GBP/AUD. – MT is sideways volatile.
- Buy AUD/CAD. Trend – MT is bull normal.
- Buy GBP/CAD. Trend – MT is bull normal.
- Buy EUR/CAD. Trend – MT is bull normal.
- Buy NZD/CAD. Trend – MT is bull normal .
- Sell CAD/JPY. Trend – MT is fast bear.
- Waiting CHF/JPY. – MT is sideways volatile.
- Sell GBP/CHF. Trend – MT is bear normal.
- Sell CAD/CHF. Trend – MT is bear normal.
- Waiting NZD/CHF. – MT is sideways normal.
- Sell AUD/CHF. Trend– MT is bear normal.
Analysis to read:
Economic calendar for the week ahead:
(MT = Market Type: Click for more information on market types.)
Trend: Market is trending in the direction I have listed and I expect it to continue.
Reversal: I am looking for a reversal against the current trend.
Breakout: The currency pair is breaking out of a range.
About the Author
Sam Eder is a currency trader and author of the Definitive Guide to Developing a Winning Forex Trading System and the Advanced Forex Course for Smart Traders (get free access). He is the owner of www.fxrenew.com a provider of Forex signals from ex-bank and hedge fund traders (get a free trial). If you like Sam’s writing you can subscribe to his newsletter.
The post Forex Trading Opportunities for the Week Ahead 21 December 2015 appeared first on www.forextell.com.