AdamFx42's Blog

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What are the trading opportunities for coming week

In my search for pairs to trade the coming week a few stand out
UsdCad is looking very weak at the moment:
Usd data was not too good on Friday (see my post yesterday) and oil is going up
I will be looking to sell this pair coming week
(maybe after the data release for Canada coming Friday)
Also I will be looking to go long Aud as this is the strongest currency at the moment
gl all
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Lot of work to do this month

I realise that I have a lot of work to do in the contest this month
I am just above break-even this month at the moment, with +20K now
My strategy the coming week will be based on Eur/Usd breaking 1.10
I feel confident that Eur/Usd will go up, but will it provide me with the opportunity
to increase my capital enough to return back to the top
We shall have to see ..
gl all this week
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Planning for the week ahead

In the coming week of the competition I will be prepared
The first part of the contest - the initial week - is always the most difficult for me,
that is past now
I try to make as much as possible, but the risk to my account is high
In the coming week i will be looking at the technical analysis of the major pairs
and trying to combine opportunities to trade with underlying fundamentals
i.e. if a pair is - for example - fundamentally weak, like say the Aud
and a technical resistance is in place - …
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USD looking strong after Taper announcement

Usd coming out strong and on all fronts after the Taper decision and announcements on Economy
just an hour ago - all other majors seem to be in trouble
But what does it mean for trading in the coming weeks:
some interesting technical pictures seemed to be formed:
Usd/Cad has broken up out the wedge and has reached new multi-year highs,
because the Euro and Gbp have been dealt a blow for now,
the Yen crosses seem a bit reluctant to move higher at the moment,
while Usd/Jpy has just about put in a …
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Maria_r avatar
Maria_r 24 Mar.

hm...

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