To Get Ross' Free Forex Update Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ls=youtube&keyword=trading_forex&ad=1j_jLYmGM1M Look to the left. Look at the blue circle. The black circle. Never broke there. So, if it can break through that pink zone, especially on positive US news, we’re easily back into the mid to low-116s. That’s the blue-shaded area here just above our breakout. So, we’re looking for the breakout on positive news, touching into the mid-116s. Negative news, if it’s surprising and negative movement for the USD, we’re back down easily to the green zone, 114.80, 114.55. So, waiting for something to happen. Either a bounce off the pink zone or a break through it today for the USDJPY. Next, moving over to the AUDUSD. We’ve been waiting for the breakdown and the continuation of the downtrend for the past day or so. I’m in a small remaining position from 0.7600, which is up here at the purple-shaded area. I’ve locked in. Closed some of the profit. Can’t lose it. Moved the stop loss down as well. So, again, we’re looking for an opportunity actually to add back on. A positive movement for the USD, breaks down the green zone, 0.7500, and we look for it to head back down towards the 0.7460-level, if we get a positive, strong move for the USD. Negative movement, we could be easily back towards the yellow zone. Maybe even a turn back towards the purple zone if it’s a strong, negative move for the USD. So, really if it’s a positive move, the biggest thing we’re looking for is the breakdown of 0.7500 and the continuation of the downtrend for the AUDUSD. Over to the NZDUSD. Waiting on this currency pair all week long for a new breakout. We’ve traded this over the past three weeks with positive pips on this currency pair. The biggest thing we’re waiting on now is very similar to the AUDUSD. We need a breakdown of this green zone. Look at this support that we’ve seen here for the past couple of days. We need a breakdown. That is 0.6880, 0.6905. That’s the green zone. It needs to break it. If it does, we’re back down towards 0.6800. That is the blue-shaded area. So, we’re looking for the break of the green zone and a target back down to the blue zone. This is nothing new. If you’ve been in the Trade Room, we’ve been talking about this for a couple of days anyway. So, nothing really new here. We need a break of the green zone. Target the blue zone. If it’s a negative move, which I don’t think it will be, but we’ll have to wait and see, we’ll push back towards the pink zone in towards the 0.6900, 0.6080-level for the NZDUSD today. https://www.youtube.com/watch?v=1j_jLYmGM1M Disclaimer: This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. Forex Traders Daily including its analysts shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember derivatives and FX spot carries significant risks and may not be suitable for all investors. Losses can exceed your deposits.
Visibility: 399
Duration: 8m 43s
Rating: 3