Weekly Currency Trend Directions starting the week on SUNDAY 04/26/15
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 ended last week on the upside for a second week in a row. I would bet on further upside from here, with US dollar waning going forward, especially with no rush to raise interest rates in US. Higher interest rates already baked in the stock prices, which are starting to fall, along with the US dollar.
Gbp/Usd simply followed the EURO last week, and is up two weeks in a row. Time for a little profit taking, but buy the dips upon further stop hunting opportunities.
Aud/Usd has has held upside momentum, and finished strong again this week… all risk currencies ended up… buying the dips will be best.
Usd/Jpy is showing weakness on low volume. I think buying here is premature. I’m waiting to the 116.00 handle to buy. There has to be a major flush of weak buyers in capitulation before this will move higher.
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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