Trading Signals and Commentary

by Roger Stojsic and Brad Gareiss

A bearish Gartley pattern is forming on the EUR/JPY within the context of a strong downtrend.

See what this week's price action may bring for 7 major currency pairs...

A bearish Gartley pattern on the CHF/JPY may provide an opportunity to go short within the recent longer term downtrend.

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Medium Term)		Wait for triangle breakout to determine near term bias.
GBP/USD (Medium Term)		Buy GBP/USD at 1.5702. Stop at 1.5676. Profit target at 1.5742.
USD/JPY (Medium Term)		Watch for a new opportunity to emerge; a drop below 75.50 would be very bearish.
USD/CHF (Medium Term)		Watch for a new opportunity to emerge.
USD/CAD (Medium Term)		Watch for a new opportunity to go short near either bearish trend line.
AUD/USD (Medium Term)		Watch for a new opportunity to go long near either bullish trend line.
NZD/USD (Medium Term)		Watch for a new opportunity to go long near either bullish trend line.