EJ Supply Holds, USDCHF At Demand

Last week saw USDCHF continue to fall and whilst some of the Euro pairs rallied, we’re yet to see some big moves. With NFP out this Friday the markets could shake up a bit.

EURJPY – Short

Supply on EJ is still holding. Price made an attempt to move higher but PA for the week ended. I’d still want to see an engulf lower before taking a short as the path is clearer.

2015-03-29 EJ Short D1


After the previous engulf of daily supply price produced a higher high. We’re still waiting for further direction signals on the lower time frames.

2015-03-29 EU Long D1


GU has been ranging since the supply engulf so we’re looking for a clearer move this week which could potential be long given the previous PA.

2015-03-29 GU Long D1

GBPCAD – Short

Last week price engulfed demand on GC and has since rallied. There is profit potential below but it’s important to consider that price has bounced from a previous supply area on the daily so the rally could continue.

2015-03-29 GC Short D1


Detailed Analysis

Members can click here for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries. We also analyse the markets for further trades throughout the week. If you do not have access to this premium content then you can find out how to sign up here.

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