27th January 2015 @ 07:30GMT
Currency pairs are listed in order of trading preference and direction from the most favourable to least.
- EURUSD - Down
- USDCAD - Up
- EURGBP - Down
- GBPUSD - Down
- NZDUSD - Down
- AUDUSD - Down
[B]Top 2 Currency Pairs
EURUSD[/B]
H4 trend has strengthened by 5 points and 2.31 times greater than the recommended SL. Price is currently above the daily pivot and M5 SMA, look for opportunities below these 2 indicators.
[B]USDCAD[/B]
H4 trend has strengthened by 7 points and 1.96 times greater than the recommended SL. Currently price is above all SMAs and daily pivots except for M5, wait for retracement above M5 for opportunities.
Analysis is valid for 24 hours from date and time shown.
SMAs are set to 60 periods on the daily, H4, H1 and M5 charts.
H4 trend is the difference between the highest and lowest value within the previous 60 periods.
SL is calculated using the following formula: (1 + Demarker) * ATR. Both the DeMarker and ATR are daily 14 periods.
[I][B]Disclaimer: [/B]The information and opinions in this report are for general information use only. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, the author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
[/I]
[B]28th January 2015 @ 06:30GMT[/B]
Currency pairs are listed in order of trading preference and direction from the most favourable to least. (Previous position in brackets).
- (1) EURUSD - Down
- (2) USDCAD - Up
- (3) EURGBP – Down
- (5) NZDUSD – Down
- (4) GBPUSD - Down
- (6) AUDUSD - Down
[B]Top 2 Currency Pairs[/B]
[B]EURUSD[/B]
H4 trend is slowing and has strengthened by only 2 points compared to yesterday’s 5 points and pulled back to 2.03 times greater than the recommended SL, from yesterday’s 2.31 reading. Price is currently above the daily pivot and the H1 and M5 SMA, look for opportunities below the PP, H1 & M5. Expect a retracement after yesterday’s economic news.
[B]USDCAD[/B]
H4 trend has eased slightly pulling back 1 point to 6 from yesterday’s 7 points and the trend is 1.89 times greater than the recommended SL a pullback from 1.96. Currently price is below the H1 & M5 SMA. Expect a retracement after yesterday’s economic news.
[B]Economic News Releases[/B]
FOMC Statement @ 19:00GMT
[B]Currency Pairs to watch[/B]
Keep an eye on the NZDUSD as it has moved up our list and it’s H4 trend has increased by 22 points in the past 24 hours
Analysis is valid for 24 hours from date and time shown.
SMAs are set to 60 periods on the daily, H4, H1 and M5 charts.
H4 trend is the difference between the highest and lowest value within the previous 60 periods.
SL is calculated using the following formula: (1 + Demarker) * ATR. Both the DeMarker and ATR are daily 14 periods.
[I][B]Disclaimer: [/B]The information and opinions in this report are for general information use only. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, the author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.[/I]