Forex technical analysis video tutorial 26th September 2013
Forex technical analysis video tutorial 26th September 2013 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 FXUltimate8 strategy Template
In the Forex technical analysis video tutorial attached below I will give you an insight into what I see is unfolding on the Forex Majors this morning.
EURUSD – Price has been consolidative at 1.35530 for past couple of days. The overall sentiment is positive however would definitely need to see the current intra day resistance level being breached as soon as possible to see this positive momentum continue for the foreseeable future. Price is still trading above the monthly fib level at 1.3468 and as long as this continues we should be looking to go long on any upside momentum.
GBPUSD – Here again like it;s EUR partner this Pair has been very positive recently. Intra day 4hr chart shows a strong up trend bias. However – Price has not been able to trade higher than the highs made recently after the FOMC statement. It’s vital that Price closes higher soon otherwise the intra day bias will favour the downside. The negative figure this morning for the Current Account figure will put selling pressure intra day. If Price can maintain her stance above the intra day 4hr trend line – look to buy on strong bounces higher in prior resistance levels. IF this intra day trend line is breached – then look lower for possible targets.
USDCHF – This Pair as explained over the past couple of days is still trading within a consolidative range on the 4hr chart. The over all sentiment favours the bears BUT if we don’t see a bearish break lower any time soon then the sentiment might very well build momentum to the upside for the short term. I’ve applied an alert to my 4hr chart for a bearish break lower than current support OR break higher than current resistance level high on range.
USDJPY – This Pair still trading within a wedge pattern. Yet again we have seen US dollar find intra day support on the 4hr chart trend line. Price moved higher over the Asian session .If this is to be positive upside momentum – I’d like to see the current resistance level at 99.050 being breached so that a likely target at 99.655 comes into effect.
Be sure to watch my videos as part of your daily routine!
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