Weekly Forex Forecast
Forex Weekly Forecast for the week of 7 June 2010
Forex market analysis published on 6 June 2010. SPs are are SWING POINTS. These are prices at which I am looking for trade setups.
| Data | EURUSD | GBPUSD | USDJPY | AUDUSD | EURGBP | GBPJPY | EURJPY |
|---|---|---|---|---|---|---|---|
| SP1 | 1.2460 | 1.4717 | 93.35 | .8578 | |||
| SP2 | 1.2332 | 1.4608 | 92.87 | .8458 | |||
| SP3 | 1.2147 | 1.4534 | 92.13 | .8316 | |||
| SP4 | 1.1749 | 1.4411 | 91.23 | .8066 | |||
| SP5 | 1.1642 | 1.4332 | 90.75 | .7899 | |||
| SP6 | 1.1396 | 1.4258 | 90.03 | .7702 | |||
| Trend | Down | Down | N/A | Down | |||
| Flow | Down | Up | Up | Down |
Look for confirmed reversal signals or breakouts on the SPs. Most currencies are weak versus the USD, so I’ll be buying dollars this week until the market reverses.
I expect a EURUSD bounce early in the week, and certainly off of the SP4 level. Do not discount the possibility of this pair breaking parity. It CAN happen and DOES happen. Remember, price is never too slow to start selling, and never too high to start buying. It’s just not prudent to add short risk to an ascending price.
EURUSD – Trade Plan for 18 December 2009
EURUSD Trade Plan for 12/16/2009
USDJPY Market Forecast for the Week of 12/14/2009
Save this fikle to your computer, rotate the view Clockwise, and enjoy!
Good Trading!
Tim
Market Analysis for Week of 30 November 2009
Here is what I see for EURUSD and USDJPY this week. There are a couple of ideas for trades, prices to watch for, and things like that. This is NOT a forex trading signal, or a trade alert. It’s just an analysis. Do what you want with it.