Hey all,

Another Sunday night is upon us and being early in the day we’re already seeing some pretty big movement.  So lets analyze what we might seeing across a few pairs.  A few things to remember, we saw LOTS of movement on Friday before the close of the market which leads me to believe that we might finally be seing the thing i’ve been talking about on and off for months, the pre-summer movement.  Every year, right before summer (usually starting in about late Feb/mid march) we see the market make a BIG movement before it settles down and consolidates for a few months during summer.  Anyway, this could be the beginning of that, so be advised.  These pre-summer movements, historically, will move 1000-2,500 pips depending on the currency pair.

EUR/USD:

This pair has been looking for a bottom for weeks, it might have just found it but we need confirmation beyond where we are, a break above 1.3000 would be encouraging for an uptrend.

Upper buy levels: 1.2950

Lower sell levels: 1.2550

GBP/USD:

This pair just might be more inclined for large movement than the EUR/USD but definitely keep your eyes on both pairs.  The Friday highs have already been broken on both so we’re left looking for the next level to break out.

Upper buy levels: 1.4605

Lower sell levels: 1.4150

GBP/JPY:

This pair hasn’t moved nearly as much as some of the others which is strange, but watch it the movement could be yet to come.

Upper buy levels: 135.40

Lower sell levels:  133.60

EUR/GBP:

This pair has a nice channel, we’ll watch cautiosly as this starts to move given the relationship between the eur and gbp, they both are making big movements.

Upper buy levels: 0.8920

Lower sell levels: 0.8795

EUR/JPY:

I don’t watch this pair much but watch the levels on the day chart, this one might be making a nice movement on a big level

Upper buy levels: 120.45

Lower sell levels: 117.85

AUD/USD:

Upper buy levels: 0.6520

Lower sell levels: 0.6350

Hi there folks,

We find ourselves at another opening of the market and there’s already been SEVERE movement.  Many of you that did sessions with me during the late day on Friday and Saturday know that I was waiting for some of the pairs to break levels for selling opportinities, those levels were broken at the open of hte market.  So we have to look for new possible entry possibilities as some of the first level entries have already been passed through.  A few details to take into account, 1) tomorrow is a bank holiday and that could affect market conditions so be careful of that.  2) The GBP pairs were the big movers last week so they could be out of gas this week so we’ll watch for that.  3) The EUR was horrible last week so lets watch it this week as it could finally be out of it’s channel finally, but take caution with this pair.

Ok, lets get started on what some of the pairs I’m watching might be up to.  As always, there are other pairs that could be doing well that I will not list so keep your eyes on everything.

EUR/USD:

This pair was an absolute MESS last week so lets hope it has run it’s course and is ready to make some nice movements.  The overall trend is still down but after last week we would be looking a some behavior of a possible change in trend, the down could be over the the up could be beginning.  So keep your eyes out, as for right now I’m leaning towards a break down for at least tonight.

Upper buy levels: 1.2949

Lower sell levels: 1.2720

GBP/USD:

This pair made some great movements last week, lets hope it can continue on with it this week.  There was some nice downward movement, nice retracement and now it’s continuing downward so lets watch for a break of the lower levels.  But remember, it could go in any direction so just wait for the levels to break.

Upper buy levels: 1.4600

Lower sell levels: 1.4135

GBP/JPY:

This pair went along with the GBP/USD, nice movement with retracement, lets watch for more possible down movements on this one.

Upper buy levels: 133.85

Lower sell levels: the lower levels on this pair are interesting, the 130.00 could yeild some good movement, 128.00 could also produce some good movement but 127.00 is the ultimate level we’ll be watching for downward movement.

EUR/GBP:

This pair is moving nicely, I’m not sure what to make of this pair for this week so i’m just going to watch for the breaks of the levels and play it accordingly.

Upper buy levels: 90.35

Lower sell levels: 88.30

GBP/CHF:

This pair has been moving along with all the other GBP pairs, so lets watch the levels and be ready for the breaks,

Upper buy levels: 1.6950

Lower sell levels: 1.6450

Keep in mind that many of the GBP pairs shined all week last week so lets be ready for some of the other pairs to do some work this week, the FX market is like that, some weeks one pair moves nicely and the next week another pair will move nicely.  Lets be prepared for whatever to happen.

Happy Trading,

Jared J.

Hey all, here are the latest and (hopefully) greatest levels for our Sunday night trading.  I hope everyone had a great weekend and is ready for the upcoming trades of this week, I think there are many great trades that are awaiting us.  So lets see what the market potentially holds for us this week.  As always, these are just levels and I expect everyone to use their best judgement when entering these trades, don’t just enter a trade because I put a level up, make sure all the indicators are lined up and everything looks solid and ready to go.  Having said that, lets get started.

EUR/USD:

This pair is opening above the weekly pivot and has some characteristics of looking like a trend change (headed up) might be in the works.  But we’ll have to wait and see, it’s only 150 pips below the 4h gap and has the always strong level of 1.3000 to break if headed up.

Upper buy levels: 1.2990

Lower sell levels: 1.2745

GBP/USD:

This pair has made a nice turn around and started heading upward, it’s still in an overall downtrend and will be until it breaks some upper levels in the 1.5000 and 1.5400 area.  But as for now it’s above the weekly pivot and possibly headed up but we’ll watch the levels break.

Upper buy levels: 1.4875

Lower sell levels: 1.4585

GBP/JPY:

We have a large chanel on this one, this pair is in a similiar situation as the gbp/usd, so all the basic specifics apply to this pair as well.

Upper buy level: 137.25

Lower sell levels: 132.40

EUR/GBP:

This pair has been moving nicely in the last few days so lets hope it keeps up the movement and continues trending.  It’s starting another trend, down, and it looks like it could continue in this direction.  There are two lower levels on this pair, i may or may not enter on the first break but definitely I’ll enter on the second break.

Upper buy level: 0.8795

Lower sell level: (first level) 0.8705 (second level) 0.8660

GBP/CHF:

This pair is making me a little nervous but it has a nice tight channel and a high probability of a quick break out, be careful with this one and use your best judgement.  This pair is in somewhat of an uptrend and looks like it might continue.

Upper buy level: 1.7285

Lower sell level: 1.7080

This all I’m watching for this evening, there will be other pairs moving so before entering anything else, make sure you’re looking for the break of the highs and lows of Friday.  Best of luck and lets all make some money!!

Jared J.

Happy Superbowl Sunday everyone!!  Just to let you know how dedicated I am to YOU all, I’m posting this during the oh so coveted Superbowl commercials!!  So it my levels are off, it’s because I’m trying to watch Budweiser commercials!

OK folks, here’s what I’m looking at for the Sunday night trade, first of all many of the currencies have already broken the lows of Friday which is usually an instant reason to enter but now we have to look for re-entry.  We’ll talk about what to look for and where these pairs might be headed.

EUR/USD:

This pair has made some pretty big moves down since the last half of last week and it seems to be ready to continue down.  Since this one has already broken the low of Friday, we have to wait for a bit to see what it’s going to do.  There’s a gap from where it closed to where it opened of just a few pips, the market has a tendency to fill those gaps, so beware of it heading back up just a bit before going in it’s ultimate direction.

Upper buy level: 1.2925

Lower sell level: approx 1.2715 (our usual level would be Friday’s low of 1.2775 but it broke that at the open)

GBP/USD:

This pair is at a deciding point of continuing the downtrend or breaking the norm and heading up, we’ll have to wait and see, we have quite a large channel on this one so it’s going to be interesting.

Upper buy levels: 1.4495

Lower sell levels: 1.4180

GBP/JPY:

This is at the same point as the GBP/USD, deciding if it wants to head up and break it’s trend or head down and continue with it’s normal trend of the last few months.  We have a very large channel on this one as well.

Upper buy levels: 130.50

lower sell levels: 126.65 (a break of 128.80 may be indicative of a possible break down but not a sure entry)

AUD/USD:

this pair is in the same situation as the EUR/USD,  it’s already broken the low of friday and looks to be headed down without stopping.  But lets be very careful with this one, it still has the possibility of turning around.  There’s a low of 0.6287 back on 12/05/08 and that could be putting some big support in the market.

Upper buy levels: 0.6485

Lower sell levels: 0.6285

USD/CHF:

We looking at a similar situation on this pair as with many others, already broken the lows of the previous trading day, so what we have to do it look for the next S/R level for a break.

Upper buy level: 1.1665, this is the approximate level of the high in the current channel, but the sure break up would be 1.1715

Lower sell level: 1.1515

These are the pairs I’m watching this evening, if there’s any other pairs you’re curious about just look at the highs and lows of Friday, if it’s already past that look for the next support or resistant level and take it from there.

Good luck trading everyone!

Jared J.