Forex news trading, 10th October 2013
Forex news trading, 10th October 2013 provided by Serene Education Ltd
Forex news trading 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
EURUSD – Forex news trading for this Pair was pullbacks throughout yesterday towards our monthly fib level at 1.34474 level. Price has consolidated along this point before and as long as this level remains as support the trend is still very much upside positive. Look to see if Price can sustain this level. A break lower would spell lower lows towards the 4hr 200sma at around 1.3388 level to start with.
GBPUSD – Forex news trading for this Pair points lower this morning – however we have a lot of news out for this Pair around noon GMT today. Asset Purchase Facility figure, Official Bank Rate & MPC Rate Statement figure to watch out for.
USDCHF – Forex news trading for this Pair has seen some positive near term support being forged. The intra day support and resistance level at 0.90814 has been breached to the upside – as long as Price can maintain above this level – higher highs to be expected towards 4hr 200sma level at 0.9189 and change.
USDJPY – Forex news trading for this Pair has seen the Daily 200sma being breached recently lower. Not a good signal for the US dollar as the last time this was achieved was a year ago exactly. As long as Price remained below this level – the sentiment will favour further lows. Look for opportunities in the direction of the long term trend
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