Forex trading technical analysis explained 8th October 2013

Forex trading technical analysis explained 8th October 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 – Price has been consolidative since the news that came out of the US Shutdown. It has been ranging over the past couple of days and I fear it will continue to do so until we see this issue resolved. The same will go for another other cross pair with the US dollar I fear.

GBPUSD – The same here. The overall trend is still positive for this Pair – however intra day trading is very undecided due to the consolidsation we have seen grow since the US shutdown announcement.

USDCHF – Consolidation in a very negative trend is the order of the day here again for this forex trading technical analysis Pair. Look for enteries short on the pullbacks.

USDJPY – US dollor falling below the daily 200sma for the 1st time since October 2012. Negative signal. With the US shutdown fears continuing the sentiment for this Pair will favour further lows for the weeks ahead.

Be sure to watch my videos as part of your daily routine!

 

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