Forex Day Trading Forecast for 29-05-2017

Hi traders , this week it’s cut in half. First part of the week will be more an ASIA move, not strong one, but probably it is preparing for next week. Second half of the week, it’s full of many strong USD news. And this should create very interesting move in forex.

*Note: Because of this week, where most move will happen at the end of the week, I will make aother post for the 31 – 05 -2017.

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Recap from previous week:

Last week, I was on the side of buying “USD” & “USD/JPY” and selling ” 10yNote” , “WTI”. For the first 3 indication, it did not move as I would like it, and till Tuersday it should stay in consolidation. Only “WTI” wich did a great move, and will keep moving down.

PS: check for 46.40 , for H&S pattern.

For USD/JPY, I’m still “Long on it” , but we would need to wait few days to see any moves.

“USD Dollars” , still in consolidation, wait for sellers loosing they momentum, after what we will see buyers comming back.

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For next week, I will also look at “GBP/USD” , GBP it’s on selling momentum since last weeks, and there’s a great move down to expect from it, this week.

To take your trade, use “Bollinger Band with “20SMA”, by using “Money Maker Edge” strategy. If you are interesting to know more about it, contact us.

watch “First Level” , and make sure price bridge this level. If it does , your safe to stay in this trade.

Thank you readers, comments or ask question if you have some.

We love to help with your trading success.

KV