EUR/USD Thetradersclub daily analysis

[thetradersclub]

Update Friday: A double bottom at 1.3550 and an amble back to the top of the range at 1.3700 as expected. What happens today is probably going to define the next medium term move. A drop back means there’s a good
chance of falling through the bottom of the range this month, whereas a move through the top could mean a rally to 1.4000. If you are still long from yesterday’s live trading, ratchet up your stops to just under 1.3620 and
wait for the break!

[thetradersclub]

Weekly Trend direction: Bullish

Weekly trend reversal level: 1.3434

Key G7 support levels: 1.3550, 1.3500, 1.3450

Counter-trend opportunities:

Strategy: Whilst above the weekly trend reversal level buy dips to support levels after an entry signal.

Today's trade suggestion:
After being stuck in the same range between 1.3500 and 1.3700 for over a month, there is little to add to the past few week’s analysis. I continue to be bullish on the euro after a series of weekly Doji candles, however, the longer
we stay like this, the more likely a false spike lower becomes. Support below is clearly demarcated at 1.3550 (yesterday’s intermediate bottom) and 1.3500, with the weekly reversal level at 1.3450. Continue to look to buy
into dips after a clear G7 entry signal, aiming for the top of the range at 1.3700’ish. Remember that ranges can often be broken falsely on the “wrong side” and euro longs should be treated with care. Keep stops tight. If we
don’t rally back to the range ceiling this week, be prepared for a sudden drop below 1.3450 – perhaps with a dramatic weekly spike low somewhere below.

[thetradersclub]

Correct Report for Monday 15th March

Weekly Trend direction: Bullish
Weekly trend reversal level: 1.3538
Key G7 support levels: 1.3680/3700, 1.3640, 1.3600
Counter-trend opportunities:

Strategy: Whilst above the weekly trend reversal level buy dips to support levels after an entry signal.

Today's trade suggestion:
Lots of fanfare in the news as the euro rallied up to 1.3800 and the highest level in a month. BUT...we are still inside the 1.3500 – 1.3800 range which has dominated the chart picture for such a long time. So despite the excitement, we are really still no better off than we were a month ago, and we still have the 1.3800 hurdle to overcome (with a daily close above) in order to look higher. IN ANY EVENT the G7 system direction for this week is bullish and we’ll continue to look to buy into dips whilst above the new weekly reversal level at 1.3538. Support levels are now at circa 1.3700 and then 1.3640/3600. We really need to drop a little lower than the current price before considering buying, and I’ll be watching and waiting for a clear G7 entry signal at the support levels before buying. Target 1.3800 and perhaps quite a sharp rally to 1.4000 (the big kahuna)

Summary:
Buy dips to supports after a clear G7 signal. Short term target 1.3800 and then 1.4000.

[thetradersclub]

Today's report is in video format. I hope that you enjoy...it is far more detailed, so well worth taking a look at.
I had to post it to Chris's site for now...it is the top video on this page below called "currency analysis for 19th March"...

Free Forex

[thetradersclub]

Today’s analysis is in a video format again at the below link…

Forex Science Daily Trading Report

The 360 video series is also available from tomorrow so make sure your check out…

Forex-Science Live Trading

[thetradersclub]

360 IS NOW LIVE!!!

Check out this video first to see what they get up to in the live trading room. There are also some great training tips in it.

A look inside a real trading room! | Free Forex For All

[thetradersclub]

Latest currency report for 9th April at Free Forex

[thetradersclub]

Here's the link to today's Forex video report:

Forex Science Daily Trading Report

Speak soon
James

P.S. Forgive the sound quality - used the wrong mic!

[thetradersclub]

Here's the link to today's Forex video report:

Forex Science Daily Trading Report

[thetradersclub]

Here's the link to today's Forex video report:

Forex Science Daily Trading Report