Forex Trading Opportunities for the Week Ahead 11 March 18

 

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. 

This weeks report is abbreviated due to personal reasons. 

  • Wait DXY.  – MT is sideways normal. Watch for selling opportunities off 97.70.
  • Sell GBP/USD. – MT is sideways volatile. Continue to sell, looking for a move towards 1.28.
  • Wait USD/JPY. – MT is bull normal. Stocks and bonds suggest that the uptrend is coming to an end for now. Wait.
  • Buy AUD/USD. –  MT is sideways normal. Look to buy of the key .70 figure.
  • Wait EUR/USD. –  MT is sideways normal. There may be an opportunity to buy off 1.20 but it is a contrarian trade so high risk, high reward.
  • Wait NZD/USD. –  MT is sideways normal. Wait.
  • Wait USD/CHF.  – MT sideways normal. Watch for a reversal off 1.0130.
  • Buy USD/CAD. – MT is bull normal. Buy, but caution should be had.
  • Wait EUR/GBP.  – MT is bear normal. There is a potential contrarian buy here too. Perhaps the better option than EURUSD.

Crosses

  • Wait EUR/CHF. – MT is sideways quiet. Wait.
  • Wait AUD/JPY.  – MT is sideways quiet. Wait.
  • Wait NZD/JPY. – MT is sideways quiet. Wait.
  • Wait GBP/JPY. – MT is bull volatile. Wait
  • Wait EUR/JPY. – MT is sideways normal. Wait.
  • Wait CAD/JPY. – MT is sideways normal. Wait.
  • Wait CHF/JPY.  – MT is sideways normal. Wait.
  • Wait GBP/NZD. – MT is bull volatile. Wait.
  • Wait EUR/NZD. – MT is sideways normal. Wait.
  • Sell AUD/NZD. – MT is bear normal. Continue to sell.
  • Wait EUR/AUD.  – MT is sideways normal. Wait.
  • Wait GBP/AUD. – MT is bull normal. Wait.
  • Wait AUD/CAD. – MT is sideways normal. Wait.
  • Wait GBP/CAD. –  MT is sideways volatile. Wait.
  • Wait EUR/CAD. – MT is sideways volatile. Wait.
  • Wait NZD/CAD. – MT is sideways normal. Wait.
  • Wait GBP/CHF. – MT is bull normal. Wait.
  • Sell CAD/CHF.  – MT is bear normal. Continue to sell.
  • Wait NZD/CHF.   MT is sideways normal. Wait
  • Wait AUD/CHF.  MT is sideways normal. Wait

Other Markets

  • Wait USDSGD. – MT is sideways normal. Wait
  • Wait USDCNH. – MT is bear volatile. Wait.
  • Sell Gold. – MT is bear normal. Continue to sell.
  • Wait Oil. – MT is sideways quiet. Wait.
  • Wait S&P 500.  – MT is sideways quiet. Wait.
  • Buy DAX. – MT is bull normal. Look to buy.
  • Wait Nikkei. – MT is sideways quiet. Wait.
  • Wait T-Notes. – MT is sideways normal. Wait.

View bank reports and fundamental analysis in the chatroom (members only)

View the chatroom 

Economic calendar for the week ahead:

View economic calendar

(MT = Market Type: Click for more information on market types.)

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 11 March 18 appeared first on FX Renew.

copy top traders