As August is well underway and the markets are returning to normality, we would like to share with you some of the upcoming trade opportunities that usually only our Platinum Members receive.
This blog post focuses on Long Term Analysis of seven Major Currency Pairs and Trade Opportunities.
Platinum Members have access to the information contained in this article, but much more in-depth on the Platinum Live Trading Floor including market views, technical analysis, charts with reasons to take the trades, trade levels, stop losses and profit tags for the trade opportunities.
Below are briefs for the trade opportunities we provided to our clients this week:
Long-Term View on seven Major Currency Pairs
We should always take the time to review currencies mid-year.
Swiss Franc Monthly View
The Swissy has broken its mid-term Bull Trend and for the last three months, we have been stuck in a 700 pip range. The Major Reversal Level for us would be a nice BPC Trade at the 0.9915 level. The target for this would be 0.9430 and/or below which is around 500 pips. Place your alerts at this Platinum Level and get ready to take a longer Term Short Trade on this Pair.
Three month Range on the Swissy is 0.9435 to 0.9780
Place the Alerts at 0.9915 for Pull Back.
Trade Bull Market BPC Trades: Watch for a Daily close above 0.9780 and trade the Swissy Bull.
Trade Bear Market BPC Trades: Watch for a Daily Close below 0.9435 and trade the Swissy Bear.
Cable Monthly View
After Staying in a range for 5 months, Cable finally has had 4 Monthly Bull Candles and August, at the present moment in time, is presenting itself as a retracement month. Platinum Analysts are still seeing the Bull Trend intact and a nice Bull Trend Continuation Trade is sitting at 1.2800.
Three month Range for the Cable is 1.2800 to 1.3200
Place the Alert at 1.2800 for Long Term Bull Trade.
Bull Market BPC Trades: Watch for a Daily close above 1.3200 and trade the Cable Bull.
Bear Market BPC Trades: Watch for a Daily Close below 1.2800 and trade the Cable Bear.
Yen Monthly View
Since January this year, we opened @ 118.80 and have capped at this level. After 5 Bearish
Candles in a row, we have managed to get trapped in a range for the last 3 months and we have a bearish triangle in play. If we do break the floor on the USD/JPY @ 108.00, the pair could easily be back @ 103.50 level. On the contrary, if the yen breaks 112.50, we could see an attack on the 118.80 level again.
Three month Range for the Yen is 108.00 to 112.60
Place the Alerts at 108.00 for Short Term Bull Trade or a Short Term Bear Trade @ 112.60
Bull Market BPC Trades: Watch for a Daily close above 112.60 and trade the Cable Bull.
Bear Market BPC Trades: Watch for a Daily Close below 108.00 and trade the Cable Bear.
Euro Monthly View
The Euro has had a 1500 pip Bull Run and has finally seemed to take a break. Most of this is on the back of a weaker US Dollar as that has been mentioned before. What Platinum traders should be looking for is Trend Continuation trades. That should be the first thing which comes to mind. The premium level that we should be looking at to go long is 1.1460.
Three month Range for the Euro is 1.1460 to 1.1910
Place the Alert at 1.1460 for Long Term Bull Trade.
Bull Market BPC Trades: Watch for price action close to 1.1460 and join the Bull Trend or watch for a Daily close above 1.1910 and trade the Euro Bull.
Bear Market Trades: Watch for price action near 1.1905 and trade the Euro Bear for short-term sell on this pair.
Aussie Monthly View
After staying in a 950 pips range for almost 3 years, Aussie finally has had a breakout of the Ascending Triangle with two decisive bull candles and July sealing the deal for the buyers of this market. August, so far, looks like a retracement month which would be more than expected. Platinum Analysts are still seeing the Bulls in control of this market and a nice Bull Trend Continuation Trade is sitting at 0.7700.
Three years Range for Aussie is 0.6850 to 0.7700
Place the Alert at 0.7700 for Long Term Bull Trade.
Bull Market BPC Trades: Watch for the price at 0.7700 and trade the Aussie Bull.
Bear Market BPC Trades: Watch for a Daily Close below 0.7400 and trade the Cable Bear.
Kiwi Monthly View
Since January this year, we carved 0.6860 and have capped at this level. After 3 Bullish Candles in a row (3 white soldiers), Kiwi has managed to finally break 0.7450 which has been capping this market since September 2016. The 3 White Soldiers pattern does look for a pull back before continuation and Platinum Traders will look for 0.7100 for a BPC for a long term Bull trade.
If we do break the floor on the NZD/USD @ 0.6860, the pair could easily be back @ 0.6350 level. On the contrary, if Kiwi breaks 0.7500, we have nothing on the way to block an attack on the 0.8500 at least.
Three month Range for the Yen is 0.7100 to 0.7550
Place the Alerts at 0.7100 for Long Term Bull Trade.
Bull Market BPC Trades: Watch for a Daily Pull Back to 0.7100 and trade the Kiwi Bull.
Bear Market BPC Trades: Watch for a Daily Close below 0.6860 and trade the Kiwi Bear.
Loonie Monthly View
The Loonie has broken its mid-term Bull Trend and in the last three months, we have ferociously dropped 13 hundred pips from this year’s high. The Major Reversal Level for us would be a nice BPC Trade at the 1.3100 level. The target for this would be 1.2500 or below which is around 600 pips. Place your alerts at this Platinum Level and get ready to take a longer Term Short Trade on this Pair.
Three month Range on the Loonie is 1.2500 to 1.3250
Place the Alerts at 1.3100 for Pull Back.
Trade Bull Market BPC Trades: Watch for a Daily close above 1.2750 and trade the Loonie Bull.
Trade Bear Market BPC Trades: Watch for a Daily Pull Back to 1.3100 or a Daily Close below 1.2400 and trade the Loonie Bear.
As you can see, this is a detailed analysis on major FX Pairs with a Long Term View of the Market. Some people pay thousands of Dollars to obtain this kind of information. Knowing when to trade and when not to trade is most important.
Hopefully, you have enjoyed reading today’s post as much as we have enjoyed writing it.
Please do not hesitate to get in touch with us today to speak to one of our full-time traders who will be able to answer to any of your questions and concerns.
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Wishing you all the best.
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