Forex Trading Opportunities for the Week Ahead 1 August 2016

I plan my trading for the week ahead each weekend. Here are the Forex trading opportunities I will be stalking 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 have been caught up today so apologies for the abbreviated report. Normal service will resume next week.

• Wait DXY  – MT is sideways volatile.
• Wait GBP/USD. – MT is sideways quiet. Stalk a break below 1.30.
• Sell USD/JPY. Reversal – MT is sideways volatile. Continue to look for a move back to 100.
• Wait AUD/USD.  –  MT is sideways normal.
• Wait EUR/USD. –  MT is sideways normal.
• Wait NZD/USD.  Trend – MT is sideways volatile.
• Wait  USD/CHF.  – MT is sideways volatile.
• Wait USD/CAD.  – MT is sideways normal.
• Wait EUR/GBP. – MT is sideways normal.

Crosses

• Wait EUR/CHF.  – MT is sideways normal. Wait for now.
• Sell AUD/JPY. Reversal – MT is sideways volatile. Continue to sell.
• Wait NZD/JPY. – MT is sideways volatile. Wait for now.
• Sell GBP/JPY.  Breakout – MT is sideways normal. But we have a nice break out on the 4 hour charts and I think selling is appropriate.
• Sell EUR/JPY. Reversal – MT is sideways volatile. Continue to sell
• Wait CAD/JPY. – MT is sideways volatile. Wait or possible sell.
• Wait CHF/JPY.  – MT is sideways volatile. Wait or possible sell.
• Wait GBP/NZD. – MT is sideways volatile. Wait.
• Wait EUR/NZD.  – MT is sideways volatile. Wait.
• Wait AUD/NZD. – MT is sideways volatile. Wait or possible sell.
• Wait EUR/AUD.  – MT is sideways normal.
• Wait GBP/AUD. – MT is sideways quiet. Stalk a break lower.
• Wait AUD/CAD. –  MT is sideways volatile. Wait.
• Wait GBP/CAD. –  MT is sideways normal. Wait.
• Wait EUR/CAD. –  MT is bull normal. But doji off resistance suggests wait for now.
• Wait NZD/CAD. – MT is sideways volatile. Wait for now.
• Wait GBP/CHF. – MT is sideways normal. Wait or possible sell.
• Wait CAD/CHF.  – MT is sideways normal. Wait for now.
• Wait NZD/CHF. – MT is sideways volatile. Wait for now
• Wait AUD/CHF. – MT is sideways volatile. Wait for now.

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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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