Posts Tagged ‘Inner Circle’

This week is a very busy one. We have both the end of the month and quarter on Wednesday, and then we end the week with NFP. I am looking for many of the moves we saw last week to continue into at least the early part of this one. The overall direction of the Dollar remains fractured. I will be giving a special webinar tomorrow so do not miss it… http://forextradersdaily.com/InnerCircle/rb.html

EUR/USD:
I continue to be a buyer of weakness in this pair this week. We did see this pair gap significantly on Sunday as I discussed in the inner circle webinar on Friday. I hope you all heeded the warning.

GBP/USD:
This pair is also still a buy on breaks. We could see 1.50 hold as resistance early this week.

USD/CHF:
I remain comfortable selling this pair on major rallies.

USD/JPY:
Last week I mentioned this pair was a buy below 90 but I must admit it did move even further than I expected. That being said I continue to want to buy dips in this pair as well.

USD/CAD:
Near term I see this pair stuck in it range between roughly 1.03 and 1.01.

AUD/USD:
This pair remains riskier than the others but I am a buyer of major breaks.

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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 5,400 pips of profit for subscribers in 2009!

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

We are faced this week with the FOMC meeting. As usual we do not expect them to change rates in any way, the key will be the verbiage of the statement itself which is always subject to interpretation. So do NOT expect this meeting to offer more clarity. In fact we expect the opposite. Also the questions surrounding Mr. Bernanke’s reappointment loom over this meeting. So that should all continue to foster the choppy environment we have enjoyed so far this year. We are still looking longer term to accumulate long Dollars on major breaks.

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

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