Forex charts end of week analysis for 27th September 2013

FX Currency Majors Video analysis for 27thSeptember 2013 provided by Serene Education Ltd

 

FX Currency Majors Video analysis provided by Serene Education Ltd. An in-depth look at the FX Currency Majors using the FX Ultimate Strategy.

My name is Chris Blandin De Chalain, Director of Serene Education and full time currency trader.  I am here to share with you my views of the currency market through this live video recording.  Come and watch me conduct my analysis on the 4 Major Currency Pairs using the MetaTrader4 Platform and Serene Educations FX Ultimate Strategy

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Lets take a look at the Forex charts end of week analysis update for 27th September 2013

EURUSD – Forex charts end of week analysis for this Pair has spend all of this week trying to break the FOMC highs we saw last week and failed. My concern now is that the longer this continues the more likely we will see a bearish setup unfold. The current support level which happens to be the monthly fib level at 1.3477 has been re attempted in as many hours. Price is no longer making intro day highs. Be very cautious when looking to trade this Pair. Negative sentiment is starting to show. Must see a Bullish engulfing 4hr close to see another bounce. If we don’t see another bullish candle close we could see another confirmed attempt lower.

GBPUSD – Forex charts end of week analysis for this Pair has also seen it’s intro day support level being tested at 1.5972 a couple of times. Price has been unable to trade higher since that FOMC statement outcome. It’s vital that the current high is breached asap. Failure to do so will then start to push sentiment lower. RMO indicator on 4hr shows the intro day sentiment favours the downside. 4hr candle in play right now as of 08:30aam GMT is testing intra day high point. This resistance level high needs to be breached. We have got to see a bullish 4hr candle close otherwise the support level will come back into play again as the day progresses.

USDCHF – Forex charts end of week analysis for this Pair still trading with a consolidation range on 4hr chart. Overall sentiment is painting a negative picture BUT we need to see a bearish 4hr close lower asap. Must wait for either the intra day high to be breached or the range low. So apply a trigger alert and leave this Pair to its devices for time being.

USDJPY  – Forex charts end of week analysis for this Pair I’m not looking at near term until I see a more defined direction. Trading within a wedge formation. Would like to see a better confirmation direction from this Pair before looking at potential trade opportunities. I’m sitting on the fence with this Pair.

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