Weekend Analysis – 04.11.2015

By April 11, 2015Analysis

There were a lot of opportunities this week in the forex market. My hope is that you took advantage of at least one of them. If not, then you should consider investing in the Forex Market Master Trading Course where I teach you everything you need to know to profit in the forex market.

Let’s get started!

EUR/USD D1 Chart

The euro started off the week with a bearish bar off resistance. By Wednesday a beautiful pin bar off a break of trendline support appeared. Jumping on that signal would have you deep into profits by the end of the week. I’m looking for completion of the first part of the move on either Monday or Tuesday.

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GBP/USD D1 Chart

Cable showed a pin bar on Monday for a short position. If you entered at the end of the day, you’re in deep profits at the end of the week. If you set up an entry using our 50% candle retrace strategy, then you’re in profits to the tune of 3:1 or better. If you’re unsure about the 50% candle retrace strategy, you should purchase the Forex Market Master Trading Course.

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AUD/USD D1 Chart

Aussie returned some value if you jumped on the pin bar at the end of last week. It was against the major trend, so I stayed away waiting to take advantage of a signal with the flow. As of the end of this week, AUD/USD is in a range and waiting to see which way it will break.

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NZD/USD D1 Chart

The Kiwi is in a pennant formation and deciding which way to break. Not much more to be said on that. If you jumped on the pin bar at the end of last week, hopefully you closed at resistance and booked some nice profits.

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EUR/JPY D1 Chart

EuroYen showed a nice pin bar on Monday. This was a real money maker for those traders that entered using the 50% candle retrace strategy. As of now, we’ll wait to see if it breaks below support this week.

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In The News:

Dollar Snaps Three-Week Loss as Fed Moves Closer to Rate Move (Bloomberg)

Pound Falls to Five-Year Low as Volatility Jumps Before Election (Bloomberg)

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