Note to self

Never initiate a trade:

1. When Japan opens.
2. Before 10am (+8GMT).

Analysis for EURUSD 28 Sep – 2 Oct

Previous Week (14 – 18 Sep)

O: 1.4577 H: 1.4767 L: 1.4515 C: 1.4703

Last Week (21 – 25 Sep)

O: 1.4702 H: 1.4844 L: 1.4610 C: 1.4668

Weekly

Daily

Hourly

Expected for this week:

• We will be looking for a stronger dollar this week and possibly a weaker Euro.
• However, the uptrend has held well and we may even revisit 1.4730 before we see a significant move down.
• PA has worked well for this pair so the resistance levels will be watched for selling on spikes.
• If we do get to 1.48 however, watch for a possible triple top at 1.4845.
• There are a number of fundamentals for this week so we may also expect a volatile week.

Resistance: 1.4891, 1.4845, 1.4759, 1.4724, 1.4691

Support: 1.4664, 1.4622, 1.4580, 1.4511, 1.442

Fundamentals:

Mon – NY session Tue - NY Session Wed –Euro/ NY Session Thu - NY Session Fri – NY Session

Analysis for EURUSD 21 – 24 Sep

Previous Week (24 – 28 Aug)

O: 1.4321 H: 1.4636 L: 1.4317 C: 1.4581

Last Week (24 – 28 Aug)

O: 1.4577 H: 1.4767 L: 1.4515 C: 1.4709

Weekly

Daily

Hourly

Expected for this week:

• This pair may be due for a reversal as the daily and hourly shows.
• It is also overbought on the daily candle.
• However, the signals are mixed and it may even push higher at 1.4967 for the week.
• Will be looking at PA to determine trend for the week:
• If the market opens below 1.4688 for the week then short positions will be better with a stop loss at 1.4727.
• It the market opens above last week’s close and trades above 1.4767 then it will be a bullish week.

Resistance: 1.4898, 1.4848, 1.4827, 1.4808, 1.4767, 1.4748, 1.4727

Support: 1.4688, 1.4650, 1.4611, 1.4527, 1.4506

Fundamentals:

Japan is closed from Monday – Wednesday so we may expect a slower session during the Asian session.

Tue - Euro/NY Session Wed –NY Session Thu - NY Session

Analysis for EURUSD 14 – 18 Sep

Last Week (24 – 28 Aug)

O: 1.4303 H: 1.4377 L: 1.4177 C: 1.4303

Last Week (24 – 28 Aug)

O: 1.4321 H: 1.4636 L: 1.4317 C: 1.4581

Weekly

Daily

Hourly

Expected for this week:

• The dollar was very weak last week with no reversal.
• However, it closed as a doji on the daily and we may expect a reversal on Monday.
• The trend is still bullish overall with an expected new high at 1.4830.
• Reversal stops may be at 1.4570, 1.4523, 1.4496
• It is unlikely that 1.4496 can be broken but if it does, 1.4444 is the next stop.

Resistance: 1.4830, 1.4734, 1.4676, 1.4634, 1.4608,

Support: 1.4570, 1.4523, 1.4496, 1.4444

Fundamentals:

Mon – NY session Tue – Euro/NY Session Wed – Euro/NY Session Thu - NY Session

Analysis for EURUSD 7 - 11Sep

Previous Week (24 – 28 Aug)

O: 1.4338 H: 1.4406 L: 1.4206 C: 1.4300

Last Week (24 – 28 Aug)

O: 1.4303 H: 1.4377 L: 1.4177 C: 1.4303

Weekly

Daily

Hourly

Expected for this week:

• The fundamentals were mixed on the last trading day of the week so I would be careful about trading on Monday.
• Would probably stay out on Monday if there is no clear signals and look for a clearer direction on Tuesday
• Overall, the trend is still bearish with an expected top of 1.4444.
• If that is taken out, 1.4483 and 1.4513 can be expected.
• However, more opportunities can be found on selling on spikes with stop loss of 1.4465 if we get to the 1.44+ area
• Levels to watch are 1.4320 (resistance) and 1.4278 (support).
• If 1.4278 is successfully broken, look for 1.4236, 1.4209 and 1.4166 with a tight stop loss if the 1.44+ area has not been reached as there is still potential for that level.

Resistance: 1.4320, 1.4380, 1.4444, 1.4483, 1.4513

Support: 1.4280, 1.4236, 1.4206, 1.4180

Fundamentals:

Mon – Canada and NY closed Thu – NY Session Fri - NY Session