Weekly Currency Trend Directions starting the week on SUNDAY 05/24/15
Weekly trends for the major currencies determine the most likely direction at the end of the day. That way you can trade in the dominant direction on the price reversals back to the dominant trend direction.
Here is the Weekly Currency Trend Directions shaping up for this week.
Eur/Usd fell like a rock last week and possibly an over reaction, for US is still far from increasing interest rates with the US economy doing ok, but really not significant growth, and the GDP to reporst this Friday, will a possibility of growth revised downward from last quarter, could actually be negative growth last quarter — I’d be buying the EURO at these levels for a while, this could just be a giant swing trade back to 1.14 level.
Aud/Usd is still very positive bias, and China growth actually keeping this bad boy up — I’d be a buyer at these levels — this puppy could have fallen a lot further and because it didn’t, well, I’d be a buyer at these levels.
Usd/Jpy ended last week higher. This I have a feeling is a pre mature top, meaning still a fall of 150 pips from these levels very possible – so, carefully sell the rallies.
If you want a great trading system, go to my website, http://meangreenmoneymachine.com and sign up for my most trusted REVERSAL TREND INDICATOR — it’s free.
Learn more about my Bollinger Band trading method at my website as well. Bollinger Bands are your best leading indicator. You will make more consistent profits by trading less, and trading higher time frames like the 4 hour and daily charts.
I hope my trade ideas will help turn more profit for you this week. Markets can move on a dime and reverse direction due to news events and can and will cause you to lose money, if you don’t move stops to break even. So, always protect substantial gains, especially those gains made quickly. I sincerely want all my patrons to beat the market.
Learn to trade only the better trade set ups and higher probability opportunities and you will beat the market more often than not, especially if you are not too greedy!
Any questions, please email me… firstname.lastname@example.org
THANKS – JOSEPH WOHLERS http://www.meangreenmoneymachine.com