Forex Weekly Analysis (3/23/15-3/27/15)

Hey there lovelies,

**Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. **

Here is my analysis on several currency pairs for this week. This week I will be concentrating on pairs with bearish and bullish trend trading opportunities. Last week the majority of the majors moved 300+ pips due to the recent FMOC news announcement from Yellen. She stated that the interest rates would increase for the U.S, but in slow progressing increments as early as June and as late as September. This week trade #usd pairs cautiously with proper risk:reward ratio until a clear trend pattern can be defined, as market indecisiveness and consolidation ranges are where most traders lose money. For now, remember the trend is your friend until it bends :-)

Market moving news: http://www.investing.com/news/forex-news/dollar-pushes-broadly-lower-in-risk-on-trade,-fed-still-weighs-333425

1) #EUR/USD (Daily) - There might be a re-tracement of 100-200 pips from #eurusd current position upon opening, #eurusd is still in a strong downtrend but be on the look out for a reversal due to the #usd weakening. This pair is currently in an decisive stage with higher lows, but lower highs on the daily. So this week, expect to trade cautiously using the if then process. A test of the 1.1000 may occur, and if broken expected a much needed short term trend reversal at the 1.1200 price level. If given a bullish opportunity plan to go long (buy) if this pair exceeds (1.0910-1.1000), but be prepared to go short if the pair fails to exceeds upper resistance levels (1.1130 & 1.1460). If given a bearish opportunity plan to short (sell)  the market at the (1.0790-1.0730) range. If the pair can exceed the 1.0400 level, it is highly probable that the downtrend is intact & will continue. Expect at least 300+ pips on this emotional rollercoaster for this week.
Market moving news: http://www.investing.com/news/forex-news/eur-usd-continues-path-of-volatility,-as-dollar-falls-below-1.08-333478

2) #EUR/JPY (Daily) - Expect a re-tracement of 100-200 pips from #eurjpy current position. If given a bullish opportunity, go long (buy) at the 130.75 level and a test of the 132.0 level. If held it is likely that upward movement will continue. If given a bearish opportunity plan to short (sell) this pair back down towards the 128.0 and/or lower range and cancel/replace as needed. Expect at least 300+ pips on this sweet ride for this week.

3) #GBPNZD (Daily) -For this week, there is a possible re-tracement range between 50-150 pips and a test at the 1.9835 resistance level, if held that would be a highly probable level for a short entry. When given a bearish opportunity, plan to short (sell)  this pair back down to the (1.9895-1.9790) range and cancel/replace as needed.  Volatility will be highly dependent of the #nzd trade balance. Depending on your entry expect to ride this wave for at least 200+ pips for this week.

4) #GBP/JPY (Daily) - Last week this pair made a lower low within the 127% fibonacci level. After a possible 100-200 pip re-tracement, expect an upward movement of about 250-300+ pips from #gbpjpy current position. When given a bullish opportunity at the  (179.0-180.15) plan to go long (buy) on this pair back up to the 181.0-183.0+ range and cancel/replace as needed. Expect this cookie to rise for at least 300+ pips for this week.

5) #GBPUSD (Daily) - Last the bears scored their first point. For this week, she is still very bearish on a weekly chart, but with recent U.S news, a reversal may be possible in the near future. This week take advantage of the if then process for bearish and/or bullish trades. If given a bullish opportunity at (1.5000-1.5040) prepare to go long (buy). If the 1.5200 level is broken with a full body candle, expect the uptrend to continue until the next level of resistance, but be prepared to go short if the pair fails to exceeds upper resistance levels (1.5020, 1.5430, & 5710).  If given a bearish opportunity at (1.4900-4860) take a short (sell) entry on this pair back down to the 1.4800-1.4700 and below range and cancel/replace as needed. Expect at least 300+ pips profit from this feisty gal this week.  

Thanks for reading and please be sure to follow me and/or subscribe to my YouTube, Twitter, Instagram and Facebook at caramelnatural82. Happy Trading and Good Luck! 

Xoxo, Deuces ;-)

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