Forex Trade Alerts
This is a new series in which each week I will put together key pairings you should look to trade next week based on my analysis. All analysis is done using "The Binary Trading Indicator", but instead of using just for binary I am going to use it for longer more profitable trades.
Below you will find forex pairs which I like the look of based on my analysis and also forex pairs which I believe could produce some nice trades, if the market moves nicely within a day or two, these are marked as "Ones To Watch"!
So without any more delay lets get started...
Pair: AUDCHF | Time: Day | Trade: Sell
Reversal from around 0.69086 current price to at least 0.68041 which is just over a 100 pip move. This may take a couple of days to complete.
Indicators of full reversal are present. Forex Star, Sema, reversed from 0.0 fib and 1D support/resistance, cycle alert, precentile rank showing sell and the indecision within the market at close.
Pair: CADCHF | Time: Day | Trade: Sell
To hit around 0.73203 from current price of 0.73920. Approx a 70pip move.
Market has already started the reversal. Forex Star, Sema, reversed from 0.0 fib and 1D support/resistance, cycle alert, precentile rank showing sell and from 15M to Day 16 of 20 indicators showing Sell.
Pair: GBPCAD | Time: Day | Trade: Buy
To hit around 1.69503 from current price of 1.66070. Approx a 300pip move. This might be worth waiting a little longer.
Forex Star, 0.0 fib, percentile, spearman crossed and rising, and indecision in the market.
It might be best to wait for, the full reversal from the D1 support or the Cycle Alert on close.
Pair: NZDCHF | Time: Day | Trade: Sell
Move down from 0.64335 to around 0.63352 around 100 pips.
Forex Star, reversal off 0.0 fib, reversal 1D support/resistance, percentile rank, spearman crossed and moving and 15M to Day 17 of the 20 are sell.
PAIRS TO WATCH
EURJPY - 1 to 2 days until hits 100 fib and get Cycle Alert.
GBPJPY - 1 to 2 days until hits 100 fib and get Cycle Alert.
NZDJPY - unlikely to happen as broke support/resistance and 0.0 fib, but keep an eye for reversal and Cycle Alert as could pick up some pips.
USDJPY - if closes Monday below 0.0 or shows indecision or Cycle Alert would be worth looking to trade.