Weekly Forex Market Outlook
What’s ahead this week in the Forex Market for Forex Traders.
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What’s ahead this week in the Forex Market for Forex Traders.
This week in the Forex market, with Derek Frey of Forex Traders Daily.
Decided to enter a late day, moderate to high risk (low margin) short and will use all levels issued in recent Daily Forecast post for targets, new levels of support or resistance required for action to unfold in either direction. Bears target: 2808/2794/77-53/41 or below. Bulls require new support at 2824/34 – 44/55 for solid…
This week in the Forex Markets with Derek Frey, as he gives you his insights and forex analysis.
FX Traders may consider a alert for market price movement at: 1:10-1:30pm for 2.5 hours with medium to strong productivity. I sense a round of unscheduled fundamental or geopolitical news to come. You may recall the last time I predicted this that several hours later unexpected news appeared to the world (China/Treasurys/ECB Debt near 24 trillion). Let’s see…
Primary Market Movement at:
10:40pm ET – 11:10pm ET for 2 hours medium + productivity
For Tuesday March 3rd:
5:15am – 5:40am ET for 1.5 hours medium+ productivity
10:50am -11:20am ET for 3 hours strong productivity
Derek Frey shares this weeks Forex Market Outlook.
Market Movement at 2:40-3:05am ET for 2.75 hours medium to strong productivity.
I issue a buy signal at 1.2551-59. Will risk a stop at 1.2517 to target 1.2670’s to 1.2740’s. This advisory encompasses all Trade Alerts today; there are no outstanding Alerts.
Britt
Will buy break of 2579 for 1.2677 target++. Stop is deep at 1.2527, will move to break-even once 1.2600 is broken north. After entry, If new support is not stable at 1.2557/47, then will kill if 1.2577/83 rejects with a 25 pip candle back to 47ish. This is medium to high risk. PMTP pending at 1:10pm so…
We issue for 1:10pm ET today, 2 hours duration, strong productivity. Noting our last comment on supports issued last night on the 17th: (ref: issued with the 1:10am PMTP yesterday>> Looking for the recent and persistent Dollar strength to diminish. Supports in the 2390-2440-2500 area. Will focus on a rebound and consolidation 2530’s-2680’s-2760’s and then a major decision.…
Willing to buy 1.2623-29 targeting 1.2713+ with a stop at 1.2587. Will manage tight once new support is set at 1.2616/23. Prefer to see 1.2637-44 area busted north. If no new support is set at 1.2613-23 range on 3 minute chart, will prefer to kill the trade if it falls back towards 1.2600 and wait for new setup.…