Forex strategies revealed | FSR Forum

The New York Open 24.11.2014.




EURUSD



Time frame: 1 hour
Trend: Down
Outlook: EURUSD is trading back up to the negatively layered moving averages
Probable scenario: Short beneath 1.2373
Alternate scenario: Awaiting long set up
Intraday levels: Open: 1.2363, R1 1.2420, R2 1.2490, S1 1.2350, S2 1.2300




GBPUSD



Time frame: 1 hour
Trend: Down
Outlook: GBPUSD is trading back up to the negatively layered moving averages
Probable scenario: Short beneath 1.5635
Alternate scenario: Long above 1.5675
Intraday levels: Open: 1.5635, R1 1.5750, R2 1.5825, S1 1.5575, S2 1.5500




USDJPY



Time frame: 1 hour
Trend: Neutral
Outlook: USDJPY is trading higher and away from the positively layered moving averages
Probable scenario: Short beneath 117.55
Alternate scenario: Long above 118.00
Intraday levels: Open: 117.92, R1 118.50, R2 119.00, S1 117.15, S2 116.55



USDCHF



Time frame: 1 hour
Trend: Up
Outlook: USDCHF is trading back down to the positively layered moving averages
Probable scenario: Long above 0.9719
Alternate scenario: Awaiting short set up
Intraday levels: Open: 0.9725, R1 0.9735, R2 0.9785, S1 0.9680, S2 0.9630