Hi, this is a copy of Marc’s fx analysis  for the week commencing 17th August 2014.

This is a shorter than usual example of the information he provides to members of our low cost 5 + rated Forex Mentor Program aimed at teaching you how to spot potential trades for yourself.

Although summer months can be more challenging than normal, Marc shows you in this post and video how to spot potential moves BEFORE the event and how to trade them.

Marc is known for being “spookily accurate” fx analysis – lets see how he does this week:

Usually at this time of year markets tend to go sideways and I have shown you in previous years how easy they can be to trade. However this year is anything but normal.

Ongoing geo-politcal conflicts around the world mean that at any second a sudden, unexpected event can lead to major moves and nothing will hold. So whats the plan?

Personally, along with the majority of professional traders, I am on vacation. These thin markets can be completely unpredictable and are not easy easy to trade. Having said that if you stick to trading with the trend and focus on areas where there are multiple support & resistance levels then there are potential trades this week

Here is my Fx Analysis for The Week Ahead

I would completely ignore the yen pairs. The $/Yen and Euro/Yen are all over the place. The Aud Yen I would watch on a 4 hour chart, candle close for a rejection at 96.30 once more. If that area was to break I would need a daily candle to close clearly above before even thinking about longing there.

Re the following. I explain WHY in the video

Euro/$ In a clear down trend. I would be interested to short around 1.3500 for multiple reasons. There Is an intersection of a whole number, previous major support & resistance, 50% fib, daily trend line and a lot of emas. Anyone mention multiple reasons J

Chf: Don’t take Euro abd this one at the same time as due to correlation they are virtually the same “bet.” 0.9000 is the obvious area for multiple reasons once more

Euro/Gbp: Nastily broke above 0.8000 on Friday. Conservative entry is to short at 0.8200 for multiple reasons. If price breaks and closes back below 0.800 on a daily then look for a pullback to short but its a riskier trade than the pull back

Cad: Currently pulling back 1.0700 is the main area to long once more

Gbp/Cad Is range bound and bouncing between 1.8150 and 1.8450 so look for trades there. If either area breaks wait for daily candle closes above recent highs/belwo reent lows before getting involved

New members please note: If I am looking to take a trade long, at for example 1.5000 , I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.

We are NOT a “tipping service” our aim is to teach you how to trade for yourself. For more up to the minute updates do not forget to drop by the members only forum

If you would like to learn how to do your own fx analysis and make big profits check out our low cost 5* rated forex mentor program: CLICK HERE

regards,

Marc Walton

Fx Analysis