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. 

I am travelling this week so today’s report is abridged. There will be more detail in tomorrows video when I am back on deck.

  • Long GBP/USD. Trend – MT is fast bull. Long but keep stops tight and be wary of a reversal day forming here off resistance.
  • Waiting USD/JPY. – MT is sideways normal. Still prefer longs but market type is turning sideways.
  • Waiting AUD/USD –  MT is sideways normal. Continue to wait for direction, but prefer shorts.
  • Waiting  EUR/USD. – MT is sideways volatile. Wait and careful if you are long in-case of something happening with Greece.
  • Short NZD/USD. Trend– MT is bear normal. Continue with our short strategy.
  • Short USD/CHF. – MT is bear normal. Look short.
  • Waiting EUR/CHF.  – MT is sideways normal . Sideways market continues to play out.
  • Waiting USD/CAD. – MT is sideways normal. Wait for now.
  • Waiting EUR/GBP.   – MT is sideways volatile. Sideways volatile continues to play out. Wait for now.
  • Waiting  AUD/JPY. – MT is sideways normal. Continue to wait.
  • Short  NZD/JPY. Trend– MT is fast bear. Continue short. Stops tight in this market type.
  • Long GBP/JPY. Trend – MT is fast bull. Trend just keeps on going. Stops tight on part of t position if this starts to reverse.
  • Waiting EUR/JPY. Trend–  MT is sideways normal. Wait.
  • Long GBP/NZD. Trend – MT is fast bull. Continue to buy, keep trailing stops tight in this market type.
  • Long EUR/NZD. Trend– MT is fast bull. Continue to buy, keep trailing stops tight in this market type.
  • Long AUD/NZD. Trend – MT is fast bull. Continue to buy, keep trailing stops tight in this market type.
  • Long EUR/AUD. Trend – MT is normal bull. Bull just holding for now. But be very cautious with overhead resistance.
  • Long GBP/AUD. Trend – MT is bull normal. Continue to buy.
  • Waiting AUD/CAD. –  MT is sideways volatile. Wait for now.
  • Long GBP/CAD. Trend – MT is strong bull. Quickly turned into a strong bull last week. Buy.
  • Waiting EUR/CAD  -MT is sideways normal. Wait.

Analysis to read:

Marc Chandler

Jim Langlands

Economic calendar for the week ahead:

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

(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. If you like Sam’s writing you can subscribe to his newsletter.

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