Forex market analysis 4th November 2013
Forex market analysis
Forex market analysis 4th November 2013 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
EURUSD – Forex market analysis for this Pair is we witnessed a negative week last which has seen Price drop to the monthly fib level at 1.3485. This being a previous consolidation area. For this negativity to continue we need to see a Bearish engulfing close lower than current level – 4hr chart indicates alot of indecision so got to wait for the market to tip her hand. Patience is a virtue………..
GBPUSD – Forex market analysis for this Pair is the same as the EURUSD. Currently trading at previous support and resistance level intra day at 1.5929. A bearish break lower on 4hr would indicate further shorting opportunities. Ensure that the FXUltimate template indicates genuine sentiment.
USDCHF – Forex market analysis Here we have witnessed Price consolidating – still within a negative LT trend. Pair is currently trading at intra-day resistance high @ 0.91399. Need to see a bullish close higher BUt we have to be aware of the weekly fib level @ 0.9264 – Any trades would have to be aggressive. tight stops and take profits when presented.
USDJPY – Forex market analysis This Pair still trading within a tight wedge formation. Looking for a break either side of this on the Daily chart. I’ve applied my trigger alerts – just got to sit back and be patient.
Be sure to watch my videos as part of your daily routine!
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