Forex Technicals - The week ahead November 6 to November 10

fxcrypto (25)in #forex • 7 years ago

The week Ahead - AUDUSD

RBA Interest Rate Announcement on Tuesday 7 November - No Change expected , though recent low inflation and poor retail sales results will likely provide dovish comments from Governor Lowe. Look to sell on Monday if we get any retrace back to 76850-77000

https://www.tradingview.com/x/pyKIZVrc/

Will look for a buy opportunity the following week if we have sold off deep enough to around 75700 - 75000 before the AU Employment figures on 16 November

https://www.tradingview.com/x/OQRleY2z/

The week ahead - EURUSD

Looking for bearish price action to continue till at least the 38.2 Fibonacci level around 1.14200 level.

https://www.tradingview.com/x/5bKGLzTZ/

The week ahead - GBPUSD

Having a battle with current trendline support , though a break of this is not a guaranteed sell as we have the previous recent swing low at around 1.30200 and psychological support at 1.30 the figure.

https://www.tradingview.com/x/RHXk1IOq/

The week Ahead - USDJPY

Note - BOJ Gov Kuroda Speaks on Monday

Waiting for a break upwards off the descending trendline

https://www.tradingview.com/x/DbRnIUr5/

Trade ideas - buy the break out ( setting up trendline EA buy on break ) 1/2 normal trade size and see if can ride momentum

Following break awaiting retrace back towards trendline support line ( previous resistance ) and horizontal line support see below

https://www.tradingview.com/x/G7H8Xfe5/

Week Ahead - NZDUSD

Quarterly Inflation data on Monday and RBNZ rate statement on Thursday

https://www.tradingview.com/x/gbtOuNdS/

On bad inflation data look for a break below the tested double bottom around the 68 handle

Week Ahead - USDCAD

no trades offered , though may present some good cross trades against Yen Aussie Kiwi

https://www.tradingview.com/x/ErqdM16Q/

Week Ahead - Dollar Index

If it takes out 95.120 area to upside its clear sailing till 96.500 resistance line that also meets the 200 SMA yellow line.

So watch for big sell off on Euro if DXY breaks 95.120

Cross Pairs

Week Ahead - EURGBP

Limited data out of EUR and GBP , Nice pair to scalp staying small size multy entries preferring the short side whilst confined between red 50 SMA and yellow 200 SMA

Hit trendline resistanace and 50 SMA prior to last Fridays NFP

https://www.tradingview.com/x/nz6oCA6l/

short bias negated should price pass 89550 to the upside.

Closer View
https://www.tradingview.com/x/qM39aBtB/

Week Ahead - AUDCAD

Short Bias - Sell the rallies and may swing trade it on Monday , will get some good momentum to downside on break of ascending trendline and 97 handle

https://www.tradingview.com/x/tH1SXarr/

Punt trade for for Monday 2 hours into session - 0.02 trade for a free lunch buy GBYJPY 149 area stop 148.400 take profit @150

trendline and cloud support

Too busy too trade , I have recently started a signal you can copy, follow my trades here;
For scalping - https://cm.spotware.com/strategy/62769
For swing trading - New https://cm.spotware.com/strategy/62793

Have a great trading week - Cheerio

#trading #currency