Forex-Analysis for 16 September 2013

The USD has opened the week in all pairs with a gap of up to 90 pip. This shows the nervousness of the market prior to the FOMC meeting and can connect to an exciting week of trading.

EUR/USD
Ahead of FOMC meeting an assessment of the pair remains difficult. Today not many data that could give a significant boost to get a direction. At 05:00 h coming the data of the consumer prices from the euro-area. The forecasts see this in yearly comparison to the same level and in the monthly comparison, a slight increase of 0.1% is predicted. from the U.S. come at 09:15 h the monthly industrial production figures. Again, the forecasts made by only a small increase of 0.4%.

Long: > 1,3395
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 25 Pips

Short: < 1,3345
S/L: 25 Pips
TP:  45 Pips
Trailing Stop: 25 Pips

GBP/USD
It looks similar to the EUR / USD, but today no numbers come from the United Kingdom. A pulse could be given at 15:15 clock with the numbers from the U.S. industry.

Long: > 1,5965
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 25 Pips

Short: < 1,5915
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 25 Pips

AUD/USD
Also for the AUD are today no numbers, but the pair could be interesting from a technical point of view. On Thursday it failed at the 0.9330 mark to move sideways on Friday. The gap at the start of the trading week, let him get right on that mark and it will be exciting to see what direction he strikes during the day.

Long: > 0,9390
S/L: 25 Pips
TP:  45Pips
Trailing Stop: 25 Pips

Short: < 0,9310
S/L: 25 Pips
TP:  40 Pips
Trailing Stop: 20 Pips

The data for entry, S/L and TP are shown as a guide only and that is probably conservative. They can be adapted to the current market behavior and your own trading style. Also be reminded at the possibility to take part of the benefits in a positive trade.

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Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.

 

 

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