Latest Forex news analysis 3rd October 2013
Latest Forex news analysis 3rd October 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
Latest forex news analysis 3rd October 2013
EURUSD – Latest forex news analysis for this Pair is Daily candle breakout of that weekly consolidation range at last – however be vigilant as we go into Non Farm Friday !! That prior resistance level we saw hindering progress now needs to become new support and therefore we would like to see more positive news out of EUR or the opposite for US dollar tomorrow. The upside prevails so look for opportunities in that direction. We have already seen some mixed news out of the EUROPE this morning in the Spanish Services PMI figure – out negative, Italian Services PMI figure – out positive. There is still the 10 year auction for both France and Spain to follow later this morning.
GBPUSD – Latest forex news analysis for this Pair is that the daily high too has been breached – saying that however we have noticed a pullback on the European open after the negative Halifax HPI m/m figure. The latest figure to come out the Services PMI result was lower than expected and lower than the previous. Price is consolidative at present. Pair is still above the weekly fib level at 1.61865. It needs to remain above this level at all cost to remain bullish.
USDCHF – Latest forex news analysis for this Pair has seen the current support level being breached lower BUT with not alot of convixtion I might add. The over trend is negative but I sense we might be seeing Price stalling. Pair on the 4hr seems to be trading into a tight wedge formation. Keep an eye out for a potential change in market sentiment.
USDJPY – Latest forex news analysis for this Pair has seen the 200sma for the 1st time in a YEAR being breached. This only implies we should be looking for further negativity for this Pair going forward. The Daily 200sma now becomes our intro day resistance level going forward. As long as Price remains below look lower. Be cautions however as Non Farm is ahead of us.
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