Forex Weekly Analysis (3/30/15-4/3/15)

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. Expect high volatility within the markets pending the #usd trade balance, unemployment, and the ADP Non-Farm Employment change. This week trade #usd pairs cautiously with proper risk:reward ratio until a clearer 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 food for thought: http://money.cnn.com/2015/03/29/investing/stocks-market-lookahead-us-economy-jobs/index.html?iid=TL_Popular

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 on a weekly & monthly time frame, but be on the look out for a reversal due to the #usd weakening. This pair is currently in an indecisive 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 upper 1.1050 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) between the range of (1.0800-1.1000), 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 towards a D extension and/or support level of 0.9770. Depending on your position, expect at least 300+ pips on this emotional rollercoaster for this week.
Market food for thought: http://www.investing.com/news/forex-news/forex---eur-usd-weekly-outlook:-march-30---april-3-334700
http://money.cnn.com/2015/03/27/investing/fed-janet-yellen-job-market-economy-interest-rates/index.html?iid=HP_LN

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 129.30-130.0 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 200+ pips on this sweet ride for this week.

3) #GBPNZD (Daily) - Last week the bulls scored a point. For this week, there is a possible re-tracement range between 50-150 pips and a test from the bears at the 1.9500-1.9615 support level, if held that would be a highly probable level for a short term long (buy) entry towards the 1.9700-1.9800+ in search for it's new C. If given a bearish opportunity, plan to short (sell) this pair around 1.9800-2.000 back down to the (1.9700-1.9400 and below) range and cancel/replace as needed.  Volatility will be highly dependent of the #nzd business confidence. Depending on your entry expect to ride this wave for at least 300+ pips for this week.

4) #GBP/JPY (Daily) - Last week this pair broke the weekly uptrend with a dark cloud formation and is currently maintaining it's monthly pursuit of failing happiness :-). For you bulls out there, expect a possible 100-200 pip re-tracement for a long (buy) entry that will test the 178.15, if this is a fail which I predict it will be anticipate a downward movement of about 250-300 pips from #gbpjpy current position. When given a bearish opportunity at the  (178.15-176.50) plan to go short (sell) on this pair back up to the 175.50 and below range and cancel/replace as needed. Expect this cookie to crumble for at least 300+ pips for this week.

5) #GBPUSD (Daily) - 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. Last week she failed to make a higher high from the previous week, but did manage a higher low. This week take advantage of the if then process for bearish and/or bullish trades. If given a bullish opportunity between (1.5000-1.5120) 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, & 1.5710).  Take note that this pair has the makings of a potential consolidation range on a daily between (1.5000-1.4800). 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 200+ 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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