Start-of-Week Market Analysis – September 12, 2016

Hi, Another potentially exciting week is upon us with some great potential opportunities. Overall, we’re still long on the US dollar, long on Yen crosses with currencies that are rallying, and looking at the minor crosses. Naturally the timing of trade opportunities depend on valid trade setups forming and the video goes into more detail of possibilities, but here’s a quick summary;

* GOLD: Short unless it breaks & closes above $1,345.39 Macro Level
* EURUSD: Short unless it breaks above 1.1270
* GBPUSD: Short unless is breaks above 1.3323
* EURGBP: Long & must break above 0.8505 to remain long
* AUDUSD: Short unless it finds support above 1.7533
* NZDUSD: Short unless break above 0.7396
* AUDNZD: Long if it finds support at 1.0285
* USDCAD: Long but only if supported above 1.3062
* USDCHF: Long if supported above 0.9751


* USDJPY: Long but must stay above 101.65
* EURJPY: Long is breaks & closes above 115.66
* GBPJPY: Consolidating
* AUDJPY: Short but could find support at 76.19
* NZDJPY: Short if price drops & closes below 75.10
* CHFJPY: Long if price supported at 105.09
* CADJPY: Short unless supported at 78.42
* EURAUD: Long but see how responds at 1.5031
* GBPAUD: Long but must break over 1.7736 to continue
* EURNZD: Long but must close above 1.5410 for further rally
* GBPNZD: Long while H4 upward trend is in place
* GBPCHF: Rangebound but possibility of upward move if new trend trade forms
* AUDCAD: Short as long as price remains below 0.9841
* EURCAD: Long while price remains above 1.4644
* GBPCAD: Long while price remains above 1.7192

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Good trading & we’ll see you soon!

The Traders Elite Team

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