Forex Sailing Trading Analysis for April 25-30

This the is the weekly Forex Sailing Analysis for the 6 MAJOR currency pairs used for online forex trading for the daily trend direction.
This analysis IS NOT a trade recommendation. I am providing this to give you an idea of what direction to look for Forex Sailing opportunities in the 4-hour charts. This IS NOT a recommendation to trade daily charts.
To understand how to use this analysis, please read “Fibonacci Wave Zones for Online Forex Trading” to further understand the logic of why this analysis is important for trading Forex Sailing.

Currency Pair Sailing Direction Summary

USD/JPY & AUD/USD are in uptrends, so we’ll be looking for LONG FOREX TRADING opportunities this week.
USD/CAD is in a downtrend, so we’ll be looking for SHORT FOREX TRADING opportunities this week.
EUR/USD, GBP/USD, USD/CHF are in consolidation patterns, so we will avoid trying to sail them until a full fibonacci wave is formed outside of the consolidation channel.

USD/JPY Details

The USD/JPY is in it’s second UP TRADE ZONE (traveling from V to VI in a fibonacci wave pattern).  This is a very strong uptrend to look for LONG FOREX SAILING opportunities in the 4-hour charts.
Fundamental announcements for the USD/JPY are happening frequently this week from Tuesday through Friday for both Japan and the United States. With so many announcements, this could cause too much volatility to go Sailing. Although the trend looks great, it would be wise to not go Sailing on this currency pair this week.
AUD/USD Details
The AUD/USD has just completed it’s third fibonacci wave in a recent daily uptrend. For Forex Sailing purposes, it’s still ok to look for LONG FOREX TRADING opportunities in the 4-hour charts. Watch this carefully as a consolidation or trendline break is very possible soon.
The USD has a HIGH IMPACT fundamental announcement being released every day this week between Tuesday and Friday. There are also several medium level announcements being released as well. This is not a good week to be trading currency pairs involving the USD as those HIGH IMPACT fundamental announcements could be too stormy for Forex Sailing.

USD/CAD Details

The USD/CAD has nearly completed it’s third fibonacci wave in a downtrend. Look for SHORT FOREX SAILING opportunities, but also look for an upcoming trend reversal or consolidation. Although trends can continue past a third fibonacci wave, there is a higher probability of consolidation or reversal after the third wave.
The USD has a HIGH IMPACT fundamental announcement being released every day this week between Tuesday and Friday. There are also several medium level announcements being released as well. This is not a good week to be trading currency pairs involving the USD as those HIGH IMPACT fundamental announcements could be too stormy for Forex Sailing.

Consolidating Currencies EUR/USD, GBP/USD, USD/CHF

These currency pairs are all in a consolidation pattern. This is probably because of indecision regarding the many HIGH IMPACT announcements scheduled this week for the US which forex traders are waiting to see the outcome of before moving.  At this point, we want to avoid online forex trading these currency pairs and wait until trends form after the dust settles from these announcements.

EUR/USD

GBP/USD

USD/CHF

Cool Forex Sailing Trading Opportunity GBP/CHF

Just because the 6 MAJOR currency pairs don’t have many Forex Sailing opportunities this week, doesn’t mean that other currency pairs don’t!
Look at the GBP/CHF:
The GBP/CHF is in the first trading wave of an uptrending fibonacci wave pattern (moving from III to IV).  there are no MAJOR news events, so this should be a smooth Sailing week for forex trading the GBP/CHF on LONG 4-HOUR CANDLE CHART Sails.

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