Forex weekly strategy outlook
Euro – Dollar:
Monday appreciate the pair continue their movement towards bassist, known after industrial output data in the Euro Zone with a figure of -0.3%, according to the estimate.
From a chartist analysis we can see the couple making up positions after reaching the area by 23.6% Fibonacci travel between 1.4190 and 1.4633. Shows signs bullish for today, not to exceed the 1.4600 area could confirm the figure of a Shoulder Head Shoulder (see Graphic).
The resistances to be considered will be 1.4575, 1.4600, 1.4635, and 1.4670.
The media instead place them in 1.4515, 1.4490, 1.4455, and 1.4420.
Dollar – Franco:
In this Monday we can see the pair above 1.0400 awaiting the opening of the U.S. trading session, which will have high impact reports to be published.
With Momentum across the line 100 from the bottom up in 4 hours, we expect a continuation of the upward move today. The next resistance at 1.0430 the find, 1.0475, 1.0520, and 1.0560.
The contrast media will be 1.0380, 1.0350, 1.0330, and 1.0295.
Pound – Dollar:
Started this new week of September we can see this pair continuing its downward trend, noting in 4 hours charts the breakdown of the bullish channel that had been guiding the movement (see Graphic).
The area of 1.6515 will be the first hurdle to overcome after the formation of the respective pull back. Then find the following goals as 1.6470, 1.6420, and 1.6360.
The resistors instead, will be 1.6590 (which happens at the moment the lower limit of that figure broken), then 1.6635, 1.6680, and 1.6740.
Dollar – Yen:
Today, Monday 14, we see the pair trading at 90.95, within a corrective movement after hitting the area again last week at least. The sign for today is up, and the surrounding areas of resistance will be considered in 91.40, 91.70, 92.00 and 92.20.
The supports those found in 90.70, 90.35, 90.20 and 91.85.
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I have a son who has decided to change careers and learn currency trading. He is learning it on his own. Being a rather intelligent person to begin with, he took an online course and has begun trading from home. Is there any other additional means of learning he should pursue given your experiences? Thank you.
John,
http://forex-thestrategy.com