Here’s a few of the charts I spoke about last night during the End of 2013 Review webinar that I conducted for ActivTrades. It was a look back through the year and a look ahead at possible scenarios for 2014.
Some of the themes I talked about for 2014 were:
– “Abegeddon!”
– Euro Deflation
– Crowded Trades i.e. -Long S&P 500 & Long USD/YEN
– The “Wobbly BIITS”
– Janet Yellen – what can we expect?
USDYEN
USDYEN broke out of the triangle that every-man and his dog had been watching form all summer and then channeled nicely north for the last 6 weeks. It broke its annual (and 5 year) high at 103.73 and may well close above it this week. So still bullish…but a very crowded traded!
AUDUSD & GOLD
Not surprisingly you can see a real strong correlation between Gold and AUSUSD on the weekly chart. Both have provided great selling opportunities. Breaks and closes below the Jun & August lows on a weekly basis will give hints of another downward leg. Though once again be alert as it’s a crowded trade.
There are always some great patterns and opportunities on the weekly charts. You just need to exercise some patience and good trade planning to be able to make the most of them.
Trade well.
Paul
FXTraderPauls Trading Adventures 
December 20, 2013
Binary Option Trades, forex, FX Trading, FXTrader Paul, Gold, Trading