Forex Trading Opportunities for the Week Ahead 6 November 17: FXRenew

I plan my trading for the week ahead each weekend. Here are the Forex trading opportunities I will bestalking this week.

Note that this is my current view, but if market conditions change my view can change too. Generally I will trade in alignment with what I have noted here, though I will wait for a set-up before I enter. I base my view on technical and fundamental information. This is my beliefs and you are welcome to have opposite ones. Having a plan is more important than the actual direction for me. 

I am a little caught up this weekend so the report is abbreviated and there will be no video.

  • Buy DXY Trend – MT is bull normal. Continue to buy.
  • Sell GBP/USD. Breakout – MT is bear normal. Sell below 1.30.
  • Buy USD/JPY. Trend – MT is bull normal. Careful as we are at resistance.
  • Sell AUD/USD. Trend –  MT is bear normal. Bearish engulfing resumes the downtrend.
  • Sell EUR/USD. Trend –  MT is bear normal. Continue to sell.
  • Sell NZD/USD. Trend –  MT is bear normal. Friday’s hammer suggestive of some more downside.
  • Buy USD/CHF. Trend – MT is bull normal. Continue to buy.
  • Buy USD/CAD. Trend  – MT is bull normal. Continue to buy.
  • Wait EUR/GBP.  – MT is sideways normal. Wait.

Crosses

  • Buy EUR/CHF. Trend – MT is bull normal.
  • Sell AUD/JPY. Trend – MT is bear  normal.
  • Sell NZD/JPY. Trend – MT is bear normal. Continue to sell.
  • Wait GBP/JPY. – MT is sideways normal. Wait.
  • Wait EUR/JPY. – MT is sideways normal.
  • Sell CAD/JPY.  Trend – MT is bear normal.
  • Sell CHF/JPY.  Trend – MT is bear normal. Look to sell.
  • Wait GBP/NZD.  – MT is bull volatile. Wait.
  • Buy EUR/NZD. Trend – MT is bull normal. Be careful, low conviction.
  • Wait AUD/NZD. – MT is bull volatile. Wait.
  • Wait EUR/AUD. – MT is sideways normal. Wait.
  • Wait GBP/AUD.  – MT is sideways normal. Wait.
  • Wait AUD/CAD.  –  MT is sideways normal. Wait.
  • Wait GBP/CAD. –  MT is bull volatile. Wait.
  • Wait EUR/CAD.  –  MT is bull volatile. Wait.
  • Sell NZD/CAD.  Trend – MT is bear normal. Look to sell.
  • Buy GBP/CHF. Trend – MT is bull normal. Continue to buy.
  • Wait CAD/CHF. – MT is sideways quiet. Wait.
  • Wait NZD/CHF.  – MT is sideways volatile. Wait.
  • Wait AUD/CHF.  MT is sideways normal. Wait.

Other Markets

  • USDSGD – MT is sideways normal. Wait.
  • USDCNY – MT is sideways normal. Wait.
  • Wait Gold. – MT is sideways normal. Wait.
  • Wait Copper. – MT is sideways quiet. Wait.
  • Buy Oil. Trend – MT is bull normal. Look to buy.
  • Buy S&P 500. Trend – MT is bull normal. Continue to buy.
  • Buy DAX. Trend – MT is bull normal. Continue to buy.
  • Buy Nikkei. Trend – MT is bull normal. Continue to buy.
  • Wait T-Notes.  – MT is bear volatile. Wait.

View bank reports and fundamental analysis in the chatroom (members only)

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Economic calendar for the week ahead:

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(MT = Market Type: Click for more information on market types.)

Trend: Market is trending in the direction I have listed and I expect it to continue. 

Reversal: I am looking for a reversal against the current trend.

Breakout: The currency pair is breaking out of a range. 

About the Author

Sam Eder is a currency trader and author of the Definitive Guide to Developing a Winning Forex Trading System and the Advanced Forex Course for Smart Traders (get free access). He is the owner of  www.fxrenew.com a provider of Forex signals from ex-bank and hedge fund traders (get a free trial). If you like Sam’s writing you can subscribe to his newsletter.

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