3:00 PM EDT  Tuesday, February 2:  Moderate price action for 2.5 hours duration. NOTE: The start time deviation may be + or - 20 minutes.

9:30 PM EDT  Tuesday, February 2:  Moderate price action for 5.5 hours duration. NOTE: The start time deviation may be + or - 1 hour.

Britt Maras – Senior Currency Strategist

We had a Great start this year!  Inner Circle subscribers made 542 pips last month due to the trade calls we made!   This week we expect to see the markets continue to react to the slew of data points we saw last week. We are looking for the Dollar strength we have enjoyed to stall for a bit and even pullback some. We are trading both the short term counter trend as well as looking to accumulate long Dollars on this dip.

EUR/USD:
W have now seen this pair fall to support near the 1.3850 level. Near term we expect those lows to hold and we are buyers of dips towards that level. We are looking for a brief rally back above the 1.40 handle at which point we expect to flip these trades around yet again.

GBP/USD:
The cable is also a buy on major dips near the 1.59 level. We are looking for a rally here back towards the 1.61 level.

USD/CHF:
This pair saw a larger short squeeze than expected but remains a sell near 1.06.

USD/JPY:
This pair is near the mid point of it’s medium term range and is therefore more riskier than usual. We are looking to buy major dips but we will be very patient with any Yen pairs this week. Same comments as last week as it still holds true.

USD/CAD:
This pair is doing it’s traditional manic depressive dance but here too we remain sellers of rallies near term.

AUD/USD:
The Aussi is attractive from the long side below .88 at this time. We are looking for a bounce back to at least .90.

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Click here to join Derek’s Inner Circle and have his trade calls delivered to your computer or text message your phone in real time! These signals produced over 5,600 pips of profit for subscribers in 2009!

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]]> http://forextradersdaily.com/blog/forex-market-updates/weekly-forex-outlook-17/feed/ http://forextradersdaily.com/blog/bank-flow/hey-guys-this-is-jonathan-getting-ready-to-get-back-into-the-bank-flow-room-for-those-that-were-with-us-and-maybe-followed-my-usd-long-building-positions-all-fall-i-am-now-locking-in-profit-on-eur/ http://forextradersdaily.com/blog/bank-flow/hey-guys-this-is-jonathan-getting-ready-to-get-back-into-the-bank-flow-room-for-those-that-were-with-us-and-maybe-followed-my-usd-long-building-positions-all-fall-i-am-now-locking-in-profit-on-eur/#comments Fri, 29 Jan 2010 12:01:06 +0000 jonathan-silver http://forextradersdaily.com/?p=2226 getting ready to get back into the bank flow room. For those that were with us and maybe followed my usd long building positions all fall I am now locking in profit on eur. Before I stopped the room I gave the levels that would make me reevaluate my holdings, it was a weekly close above 151 for the eur, so as long as that didnt happen I would continue to add short eur and buy usd against others. This point just want to being to protect a substantial amount of profit on trades and see if we get any pullbacks. Looks like we could have a great trading market this year so will do our best to profit from it. Talk soon.

EUR/USD:
Selling rallies continues to be the overall theme. That being said we are taking some longs on breaks near the 1.40 level.

GBP/USD:
The Cable is also still a sell on major rallies. But here to we are also taking some longs on pushes towards the 1.60 level.

USD/CHF:
We are happy sellers north of 1.04 early this week looking for a move back towards the 1.0250 level.

USD/JPY:
This pair is near the mid point of it’s medium term range and is therefore more riskier than usual. We are looking to buy major dips but we will be very patient with any Yen pairs this week. Same comments as last week as it still holds true.

USD/CAD:
We are now selling the longs we accumulated and beginning to take shorts above the 1.06 level.

AUD/USD:
This pair is also a sell a sell on major rallies.

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Click here to join Derek’s Inner Circle and have his trade calls delivered to your computer or text message your phone in real time! These signals produced over 5,600 pips of profit for subscribers in 2009!

Click here to learn more about the next harmonic mentoring class >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

]]> http://forextradersdaily.com/blog/forex-market-updates/weekly-forex-outlook-16/feed/ http://forextradersdaily.com/blog/forex-market-updates/weekly-forex-outlook-15/ http://forextradersdaily.com/blog/forex-market-updates/weekly-forex-outlook-15/#comments Tue, 19 Jan 2010 12:18:22 +0000 Derek Frey http://forextradersdaily.com/?p=2220 This week is of course shortened due to the Martin Luther King Holiday. The market is still trying to digest the NFP report. We expect this process to ensue into the next NFP report. The market as a whole is hyper focused on this one
number and in the past when this has happened it has spelled trouble for the markets more often than not.
EUR/USD:
We continue to look for major rallies to sell into especially anything near the 1.45 handle.
GBP/USD:
This pair has yet to really break so caution is advised but we are looking to be sellers north of 1.64 this week.
USD/CHF:
This pair has bounced as we expected and, we are now looking for a pullback to buy into.
USD/JPY:
This pair is near the mid point of it’s medium term range and is therefore more riskier than usual. We are looking to buy major dips but we will be very patient with any Yen pairs this week.
USD/CAD:
This pair continues to wander and we continue to accumulate longs as close to parity as we can.
AUD/USD:
This pair remains a sell on major rallies as well. If you took the shorts near .93 as suggested last week make sure you move stops to at least breakeven.
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Click here to join Derek’s Inner Circle and have his trade calls delivered to your computer or text message your phone in real time! These signals produced over 5,600 pips of profit for subscribers in 2009!
Click here to learn more about the next harmonic mentoring class >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

EUR/USD:

We are sellers north of the 1.45 handle and are looking for the 1.43 level or bellow to be tested.

GBP/USD:

The Cable is a sell near the 1.62 handle and we are looking for a move back below at least 1.60.

USD/CHF:

This pair took a nose dive but we are happy to accumulate longs near the 1.150 levels or below. If parity is tested again we will be buying with both hands.

USD/JPY:

This pair continues to see wild volatility and as I mentioned last week there is no reason to expect that to change any time soon. Near term we are likely to stand aside but are slightly biased to selling rallies.

USD/CAD:

The Loonie has been drifting lower lately but we are now looking to begin buying dips below the 1.03 handle. Here too should parity be tested we would be buying with both hands.

AUD/USD:

This pair is now also a sell north of .9300. Look for rallies to sell into on this pair as well as the Kiwi.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Click here to join Derek’s Inner Circle and have his trade calls delivered to your computer or text message your phone in real time! These signals produced over 5,600 pips of profit for subscribers in 2009!

Click here to learn more about the next harmonic mentoring class >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

]]> http://forextradersdaily.com/blog/forex-market-updates/weekly-forex-outlook-14/feed/ http://forextradersdaily.com/blog/trading-signals-strategies/forex-market-timing-signal/ http://forextradersdaily.com/blog/trading-signals-strategies/forex-market-timing-signal/#comments Mon, 11 Jan 2010 13:51:40 +0000 Britt Maras http://forextradersdaily.com/?p=2213 Forex trading may experience good price action with forex traders contemplating technical price action at:

20:00 GMT Monday January 11, with moderate(+) price action, for 1.5 hours duration. Start time can be 20 minutes sooner and as much as 15 minutes later.

02:15 GMT Tuesday January 12, with moderate price action, for 1.75 hours duration. Start time can be 20 minutes sooner and as much as 35 minutes later.

08:50 GMT Tuesday January 12, with strong price action, for 3.5 hours duration.

Start time can be 20 minutes sooner and as much as 15 minutes later.

Next alert series likely Wednesday night through Friday morning.

Currently, 1:00 p.m. EDT New York (GMT -5 hours), EUR/USD trades at 1.4507

If you read our last article you will see that our projection for ‘FX Imbalance’ was spot on. More important was the lack of high quality buying signals for the move upward versus better signals for exhaustion matched with risk. The final quarter of 2009 offered what I consider to be misplaced risk and a tremendous imbalance for risk as fundamentals worldwide take control.

Dollar centric focus across all markets places Forex Trading and FX Trading Signals along with Market Timing Alerts at center stage.

The shell game of government debt is now front and center. U.S Treasurys, JGB’s and GILT’s now take center stage.

Well, I now anticipate reality to grip risk. The first half of this year may see yields rise more aggressively with most fear of government debt placed in Japan (JGB’s) and the UK (GILT’s). I still believe fundamentals in the euro are misplaced but that’s for the fundamental crowd. I expect to see more aggressive USD/JPY strength as the Yen becomes weak.

The paragraph above is fundamental but we all know that forex markets are lead by technical’s and then matched with fundamentals. So let’s get ready for a great first half this year with more consistent regular forex market forecasting, market timing alerts and forex signals. I look forward to frequent activity in my blog.

I hope all of you are well and healthy and we look forward to a prosperous new year!

We should have some technical commentary soon. Stay tuned.

Kind regards,

Britt Maras – Senior Currency Strategist

EUR/USD:
The Euro ended the year much where it began but we did see a rather large two sided move over the year ranging roughly between 1.25 – 1.50. We are expecting that range to hold for much of this year.GBP/USD:
The Cable managed to end the year about 20 cents higher than it started. So by definition it is trending up but we see a larger range from roughly 1.35 to 1.65 holding for much of this year. So we are biased to selling into major rallies early this year.

USD/CHF:
The Swissy managed to test the mythical “parity” level but quickly rallied after the brief test. We expect that level to be tested a few more times but do see it being defended in the long run. We are therefore buyers of major dips in this pair going forward.

USD/JPY:
This pair has seen some wild moves and much larger ranges than “normal”. That is mostly due to global rebalancing of risk and we are not at all yet complete with that process. So we are looking for that major theme to carry over into 2010.

USD/CAD:
This pair has been described as a “lost pair” by a number of market commentators. I don’t see it so much as lost as it is on a recon mission. This pair in particular has been leading the Dollars movement and probing relative new high and or low levels sometimes days ahead of the other majors. Keep an eye on this pair for clues about the Dollars overall bias.

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Click here to join Derek’s Inner Circle and have his trade calls delivered to your computer or text message your phone in real time! These signals produced over 5,600 pips of profit for subscribers in 2009!
Click here to learn more about the next harmonic mentoring class.
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