www.TheLFB-Forex.com A Forex Trader Portal

The last push on the majors from the European markets has things tightly wound, here are the end of week plays. Remember, this market has no volume; get in, get out, get done. (If at all!).

 

TheLFBMixed Trend. Trading above 1.4000, the 20 day SMA, a long play is happening that may run into next week if this area can now hold as support. We have 4 hour trend-lines as resistance at 1.4120 and support at 1.3880; any trade inside that range is going to be volatile, and will need to be placed at the regional opens/close for best follow through.

4 Hour Momentum: Overbought.

TheLFBMixed Trend. Trading again at the 20 day SMA, with 1.6350 as support. Looking to test long bids if equities move higher, from 1.6450 to 1.6520. The pair hit 1.6250 and bounced again; there are a wall of buyers there. The short side is from 1.6350 to 1.6290.

4 Hour Momentum: Overbought.

TheLFBMixed Trend, look both long and short. Now absorbing orders at the 20 day SMA 0.8000 price point as support, with 0.8120 the long target. There is a four hour trend-line that broke as resistance at 0.8020, and that will now be a good test as support. Looks to have found a base at 0.7950; breaks under that area pick up 0.7850, the four hour trend-line below.

4 Hour Momentum: Overbought.

TheLFBMixed Trend, look both long and short. The 1.1520 50 day SMA area is getting tested as support and resistance, it is also the four hour trend-line. Short side numbers are 1.1470 to 1.1300. Following oil prices around, and oil is going higher.

4 Hour Momentum: Oversold.

TheLFBMixed Trend, look both long and short. Now using the 1.1050 50 day SMA as resistance, and the 20 day SMA at 1.0800 as support.There is a four hour trend-line at 1.0975 that is acting as resistance.

4 Hour Momentum: Oversold.

TheLFBMixed Trend, therefore look to buy the pull-backs, or sell the break-outs. Major resistance at 96.50, good support at 94.50. The pair is holding the four hour trend-line support as intra-day plays unfold at 95.20.

4 Hour Momentum: Oversold.