2015 Quarter 2 FOREX Outlook

Looks like Q1 went just as I planned it would. I took the time to highlight some of the highest growth potential pairs in the FOREX markets. Quarter 2 of this year looks like it has some big plays for traders and investors alike. In this article we will explore some of those opportunities.

First let's look back at the top 3 major pairs over the past three months.
USD:
The dollar rose significantly against every pair except the Swiss Franc. Some potential pairs to trade that stood out to me were EURUSD, USDJPY, and GBPUSD. To be more specific, I have set a target for selling the EURUSD into .97000.

I have set a 122.000 target for USDJPY and a GBPUSD target of 1.42300 to sell into.

GBP:
The pound had a rough time carving out any significant gains or losses due to a mix of sell-offs and rallies between all of the major crosses. GBPJPY has been stuck in a range between 185.000 and 175.000 which makes me weary of engaging in any trades with this pair. If I do it will be within the range or for a breakout above 185.000. GBPCHF sold off heavily and rallied to fill the gap only to turn back around and tick back down towards the middle of the gap.

GBPUSD should continue lower into my target of 1.42300. Along with this we have GBPNZD which I have set a target range of 1.94 and 1.92 for traders to sell into.

EUR:

The EURO was the at the butt of everyone's trades. This currency was sold off more than any other pair in the major currency markets. Above is an illustration of EURGBP which was sold off very heavily in the first quarter. I see this selling continuing and I've set a target of .7000 but not before the market retraces a bit into .75000 and then sending the pair lower. Again I put emphasis on a EURUSD .97000 target. EURJPY will be falling a little more this quarter and I have set a target of 120.000 for the pair seeing as how the JPY needs some relief from being sold by all the other major crosses.