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My analysis for week of September 26, 2016,

The EUR/USD pair tried to rally but remain within the consolidation.  I don’t have any real interest in trading this market from a longer-term, there is still a lot of noise out there, and therefore it’s always impossible to risk any serious amount of money. Given enough time, we will break out, but we need to break down below the 1.1150 level or break above the 1.1350 level in order for me to involve.

The GBP/USD pair initially tried to rally but turned around to form a shooting star. The 1.2850 level below is a supportive barrier, so will have to break down below there before start selling from a longer-term perspective as far as I can see. The market should then reach towards the 1.25 level, as it is a large, round, psychologically important level. Rallies at this point in time should be selling opportunities eventually, so I would wait for exhaustion.

The Australian dollar rally during the course of the week, bouncing off of the 0.75 handle. This is a market that looks as if it is trying to reach the 0.77 level above, but at this point in time we are more than likely just going to grind overall. I think we have an upward bias, However keep in mind that the gold markets have a correlation with the Aussie.

The USD/JPY pair fell, slamming into the 100 handle. This is an area that I believe is a bit of a barrier that the Bank of Japan will probably trying to defend one way or another. I think that we will have quite a bit of choppiness going forward.

The Dow Jones 30 rock higher clearing the 18,400 level at one point. Ultimately, the market looks as if it is trying to break out to the upside, but at this point in time it seems as if there is quite a bit of resistance extending all the way to the 18,700 level.  Even if we pullback from here, I believe there is more than enough support at the 18,000 level to turn things around and start going long.

AIMHO Please DYOR    

"Never invest with money you cannot afford to lose."

Risk Warning:  Please take note that I am NOT advising anyone to follow me and / or follow my trades patterns. Please make your own decisions based on your markets analysis, judgements and ability to trade before parting with own hard earned monies.
All in my opinion only and DO NOT guarantee that will happen.  Good Luck and wish you have many profitable trades.
Please Remember DO YOUR OWN RESEARCH. You are responsible for your own actions.

Thank You!
Opinions given on this website are just that, 'opinions' and should not be taken as investment advice. Always do your own research before making investment decisions. Please read and understand the Risk Warning sections of the Websites / Dealers / Brokers / and / or with any others, you are trading with to make sure you are familiar with the relevant risks before trading.

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How to find out which pair and time frame is best to trade?
"Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the  ANSWER.
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