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  1. #31
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    Profiforex Weekly Market outlook on Major Currency pairs
    September 3rd - 8th





    EURUSD
    At the start of last week, price went up and tested the resistance line at 1.2050, then a bearish correction pulled it down to about 200pips below. This week, the pairs outlook is bullish in the long term and bearish in the short term. It will not be easy for the pair to cross the resistant line at 1.2050, rather there are potential targets of 1.1850 and 1.1800 support lines. Looking ahead, market participants are very cautious as the key ECB meeting on Thursday approaches. On the technical side, a break above 1.1904 would pave way to 1.1981 and 1.2069.

    Key Levels: R1- 1.1889, R2- 1.1895, R3- 1.1902, S1- 1.1875, S2- 1.1868, S3- 1.1861.


    USDCHF
    The pair has failed to move past the support level at 0.9450 and resistant level at 0.9650 for about 5 weeks now. This week is probably going to be an exception, as price could break the resistant level at 0.9750 or the support level at 0.9450. The outlook for the USDCHF remains neutral.

    Key Levels: R1- 0.9622, R2- 0.9632, R3- 0.9648. S1 0.9595, S2- 0.9579, S3- 0.9568


    GBPUSD
    The GBPUSD remains bearish on the long term and is expected to test the accumulation territories at 1.2900 and 1.2800. Market participants now look toward the release of construction PMI from the UK for some trading impetus during the European session on Monday. The U.S market will remain closed in observance of Labor Day.

    Key Levels: R1- 1.2960, R2- 1.2976, R3- 1.2987. S1- 1.2954, S2- 1.2943, S3- 1.2937


    USDJPY
    The pair was seen moving up and down its demand and supply level last week. The demand level at 108.50 was tested before a reversal that took the price back to supply level at 110.50. The pair closed on Friday last week above the demand level at 110.00. This week, the pair is expected to be bearish. Movement below the demand level at 109.00 will trigger the current bias. Any recovery attempts might continue to trigger some fresh supplies near the 110.00 handle. One of the key factors weighing on the USDJPY is the escalated geopolitical tensions in North Korea, but it has made some gains because of the U.S treasury Yield bonds.

    Key Levels: R1- 109.99, R2- 110.14, R3- 110.37. S1- 109.60, S2- 109.37, S3- 109.22.

  2. #32
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    Market Outlook - September 10 - 15.



    EURUSD

    Last week Friday, investors retreated from the dollar in favor of other less important currencies in fear of another missile testing by North Korea. This could lead to more issues with the United States, a bad sign for the dollar. Price climbed about 200 pips last week, moving briefly above the resistance line at 1.2050 but closed below it on Friday. The consensus in the market is that the euro is on track for more gains after European Central Bank President [ECB] Mario Draghi made it clear that it is not a question of if but a question of when they would start tapering asset purchases.
    The EURUSD is likely to gain another 200pips this week with pauses and corrections along the way.

    Key Levels: R1- 1.2026, R2- 1.2034, R3- 1.2041. S1- 1.2010, S2- 1.2003, S3- 1.1995



    GBPJPY

    The environment is quite choppy so it would be better to wait until it breaks and stays above the supply zone at 142.60, which it is now exploring. The most probable direction this week is upward. No North Korea action over the weekend has offered some relief, although it could be short lived as North Korea warned of a punitive action if US pursues oil sanctions. Thus, things could easily heat up again. So, the pair looks bearish on the long term and neutral on the short term.

    Key Levels: R1- 143.04, R2- 143.31, R3- 143.56. S1- 142.51, S2- 142.27, S3- 141.99.



    USDCHF

    At the start of this week, the pair has recovered all its losses on Friday and has caught some fresh bids. The pair’s movement above the 0.95 psychological marks was as a result of new demands in the greenback. The Swiss Franc lost its strength as there was no news or new development in the North Korea Crisis over the weekend. A follow through buying interest has the potential to continue lifting the pair towards 0.9525-30 resistance area en-route 0.9555-60 horizontal resistance.

    Key Levels: R1- 0.9484, R2- 0.9489, R3- 0.9499. S1- 0.9468, S2- 0.9458, S3- 0.9453


    GBPUSD

    The Pair’s outlook is bullish after rallying more than 280 pips last week, testing the distribution territory at 1.3200, and closing slightly below it. Late last week, the pair went dip to the 1.3168 level, but it is now gaining some traction and looking to reclaim the 1.3200 handle during early European session. Investors are cautious this week, waiting for the macro releases from the U.S. and UK, along with a very important BoE monetary policy decision. The GBPUSD is likely to reach the distribution territories of 1.3250, 1.3300 and 1.3350 is this week.

    Key Levels: R1- 1.3200, R2- 3208, R3- 1.3217. S1- 1.3182, S2- 1.3174, S3- 1.3165.



    USDJPY

    The pair lost 210 pips last week and tested the demand level at 107.50 before closing above it. Still, with eased concerns regarding the political conflict in North Korea, safe haven currencies were a little bit weighed down. Notwithstanding, the outlook for the JPY pairs remains bullish this week. Fxstreet analysis suggests that “Immediate support is pegged near 108.25-20 zone, below which the pair could drift back to the 108.00 handle en-route 107.70 horizontal support. On the flip side, a strong follow through buying interest beyond the 108.50-60 region now seems to pave way for continuation of the pair's recovery move towards the 109.00 handle ahead of 109.25 level”

    Key Levels: R1- 108.45, R2- 108.67, R3- 108.83. S1- 108.07, S2- 107.91, S3- 107.70

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  3. #33
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    Weekly Forex Market outlook on major pairs

    Sept 24 - 29

    EURUSD

    The EURUSD attempted to move past its resistant level several times last week, but to no avail. So it remained neutral. From a technical perspective, the pair has been finding some buying interest at a short-term ascending trend-channel support, currently near the 1.1900-1.1895 region. A convincing break below the mentioned support is likely to accelerate the fall towards the lower end of the recent trading range, near the 1.1830-25 region, which if broken would confirm a bearish break down and turn the pair vulnerable to extend its corrective slide from yearly tops touched earlier this month.

    Key Levels: R1- 1.1937, R2- 1.1948, R3- 1.1967. S1- 1.1907, S2- 1.1887, S3- 1.1877.



    GBPUSD

    The weekly outlook for this pair is set to remain bullish this week. After consolidating all through last week, it is possible that more gain will be registered.
    The distribution territory at 1.3650 (tested last week) is likely to be breached as other distribution territories are targeted this month.
    On the downside, the pair has been finding some fresh buying interest near the 1.3450-40 region and hence, it would be prudent to wait for a decisive break below the mentioned support before confirming that the pair might have topped out in the near-term.
    Sustained weakness below the mentioned support might trigger a corrective slide and accelerate the fall towards the 1.3400-1.3380 intermediate support before the pair eventually drops to test the 1.3300 handle.

    Key Levels: R1- 1.3504, R2- 1.3540, R3- 1.3559. S1- 1.3487, S2- 1.3468, S3- 1.3451.


    USDJPY


    The USDJPY tested the supply level at 112.50 and gained about 150 pips last week before a little correction occurred. This week, the pair stands above 200SMA (112.13) in early Monday's trading and turning near-term focus higher, following Friday's close in red. Thickening daily cloud (111.54/110.43) continues to provide strong support (Friday's fall was contained just above cloud top) and underpin near-term action, as daily studies remain in firm bullish setup. Close above 200SMA will be bullish signal for retest of last week's high at 122.71 and attack at 112.80 target (Fibo 76.4% of 114.49/107.31 fall). Buying dips remains favored while daily cloud top holds. Alternative scenario sees risk of deeper pullback on firm break below daily cloud top and extension towards next support at 111.11 (rising daily Tenkan-sen/100SMA).

    Key Levels: R1- 112.60, R2- 112.73, R3- 112.97. S1- 112.22, S2- 111.98, S3- 111.85


    EURJPY
    The EURJPY looks bullish on the long run and short term. There were about 190 pips gained last week, which was corrected on Friday.
    Bulls would be eyeing for a sustained move beyond the 134.00 handle, above which the cross is likely to aim towards surpassing the 134.20-25 intermediate hurdle and head towards testing Nov. 2016 swing high resistance near the 134.60 region.

    Key Levels: R1- 134.38, R2- 134.63, R3- 135.10. S1- 133.66, S2- 133.19, S3- 132.94

  4. #34
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    Profiforex Weekly outlook from October 8th - 13th

    EURUSD
    It is a slow week for the EURUSD, as the Japan holiday keeps the majors on a tight angle and the EURUSD kept at the 1.1730 level. There was no high impact news during the weekend that could move the market. Technically, the pair is stuck at 1.1730 below a bearish 20 SMA and technical indicators shows that it is heading south within negative territories. With more downside expected this week, any rallies will offer good opportunities to place a SELL order at a higher price.

    Key Levels: R1- 1.1738, R2- 1.1754, R3- 1.1764. S1- 1.1732, S2- 1.1722, S3- 1.1716.



    USDCHF

    The USDCHF gained about 100 pips last week, but started this week on a calm manner. It is currently losing 0.08%, trading at 0.9790. Technically, the pair seems to be on a strong bullish trend and will maintain that trend this week. It has crossed the resistant level at 0.9800 but closed below it on October 6. The daily RSI indicator remains above the 50 mark, which means the pair is ready for further rise in the short term.

    Key Levels: R1- 0.9785, R2- 0.9792, R3- 0.9797. S1- 0.9774, S2- 0.9768, S3- 0.9762


    USDJPY
    The pair made a remarkable gain and hit a high of 113.25, and easily took out the resistant level at 113.43. However, the move was only for a short term, as the price dropped sharply from the high.
    Despite consolidating throughout last week, the outlook remains bullish. The short-term consolidation will end if price breaks the supply level at 114.00 (strengthening the existing bullish bias) or drops below the demand level at 111.00 (threatening the current bias).

    Key levels: R1- 112.72, R2- 112.88, R3- 113.09. S1- 112.36, S2- 112.15, S3- 111.99.



    GBPUSD
    The pair has dropped 470 pips in the last 2 weeks and now moving toward the accumulation territory at 1.3050. This week Monday, the pair entered into a corrective level and is exhibiting more strength. Its RSI is bullish and pointing higher, although the pair continues to face fundamental pressure on the correction. Bearish movement is less likely to continue this week as accumulation territories at 1.3000 (a strong level), 1.2950, and 1.2900 are tested, but a significant rally may occur before the week runs out.

    Key Levels: R1- 1.3095, R2- 1.3107, R3- 1.3117. S1- 1.3073, S2- 1.3063, S3- 1.3051.

  5. #35
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    Weekly Forex Forecast For major Currency Pairs.

    October 15th - 20th



    EURUSD

    A correction occurred on Friday after price went up. The EUR/USD pair started the week with a soft tone amid political jitters affecting the common currency. A bearish Trend was formed close to the resistant level at 1.1870, which prevented further gains. The recent failure near 1.1880 was important since a crucial bearish trend line with resistance at 1.1870 on the 4-hours chart acted as a barrier for buyers. The most important support is close to the 50% Fib retracement level of the last wave from the 1.1669 low to 1.1879 high at 1.1770.
    Movement above the resistance line at 1.1900 will strengthen the current bias, while movement below the support lines at 1.1750 and 1.1700 will result in a bearish bias. The outlook for the EURUSD is bearish this week.

    Key Levels!: R1- 1.1822, R2- 1.1828, R3- 1.1836. S1- 1.1809, S2- 1.1800, S3- 1.1795


    GBPUSD

    The pair gained more than 210 pips last week and there is still a buy signal with a bullish confirmation pattern this week. So, further gains are expected. The GBPUSD has been oscillating between 50% and 38.2% Fibonacci retracement level of 1.3657-1.3027 recent slide. It would be very wise to wait for a solid break through the said levels before entering any position. The bullish trend is likely to continue unless the accumulation territories at 1.3150 and 1.3100 are breached.

    Key Levels: R1- 1.3309, R2- 1.3330, R3- 1.3348. S1- 1.3271, S2- 1.3253, S3- 1.3232



    USDJPY

    Recent outlook for the pair indicates a bullish trend in the long-term and bearish in the short-term. The USDJPY fell to a low of 111.69 on Friday but closed just above the 200-DMA level of 111.80. Today the bulls tried to take control of the pair during the Asian session, but the mood is still bearish.
    The China’s production price data has a direct bearing on the inflation expectations in the U.S and other countries that partner with China. For example, it is the rebound in the Chinese PPI inflation in July/August 2016 that got the reflation trade going back in July/August 2016. Trumpflation was merely an icing on the cake. So an uptick in the Chinese PPI could lift the USD/JPY pair, however technical studies indicate a minor blip to 111.00 levels is likely in the short-run.

    Key Levels: R1- 111.99, R2- 112.10, R3- 112.22. S1- 111.75, S2- 111.64, S3- 111.52



    USDCHF

    This pair is unpredictably bullish, as no significant movement was seen last week, apart from a 50 pip drop. It is trading within an uptrend channel at 0.9712, last week’s low. There is a short term buying interest, which means the bullish trend will continue for a short while. Key support can be found at 0.8986, January 2015 low. Technical indicators are still pointing to a long term bullish bias. Movement will be determined by what happens to EURUSD; any sign of weakness may maintain the current bullish outlook, otherwise a steady decline can be expected this week.

    Key Levels: R1- 0.9753, R2- 0.9761, R3- 0.9767. S1- 0.9739, S2- 0.9733, S3- 0.9725.


    EURJPY

    Last week, the pair climbed higher to test the supply level at 113.50, but later lost about 120 pips on Thursday. If the price continues on its initial up trend, a bullish bias will be formed soon enough since the demand levels from 131.00 to 132.00 will try to impede any further bearish formations. On the downside, the bias will change if price goes below the demand zone at 131.00.

    Key Levels: R1- 131.50, R2- 131.61, R3- 131.90. S1- 131.20, S2- 131.34, S3- 131.40

  6. #36
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    Weekly Forex Forecast for Major currency pairs.
    October 29th - November 3rd.




    EURUSD

    Consolidation occurred from Monday to Wednesday before a sharp drop on Thursday and Friday that formed a Bearish Confirmation Pattern. However, the start of this week saw the USD bulls take a defensive side as Friday’s upbeat US Q3 GDP growth number was offset by the report that Trump might choose Jerome Powell as next Fed Chair. The FOMC decision and NFP report is coming up this week, which will give fresh impetus to the EURUSD.
    Meanwhile, today’s German retail sales and U.S. core PCE price index would be eyed for some short term trading signal.
    Also, technical indicators clearly seem to point towards extension of the EURUSD near-term bearish slide towards the key 1.1500 psychological mark, with some intermediate support near 1.1555-50 area. On the flip side, any meaningful recovery might now be capped at an important support break-point, now turned strong resistance near the 1.1665-70 region.

    Key Levels: R1- 1.1654, R2- 1.1698, R3- 1.1738. S1- 1.1570, S2- 1.1530, S3- 1.1486


    GBPUSD
    The pair has been able to withstand the pressure of a strong US Q3 GDP numbers and was able to defend 100-day SMA support level. As the bulls begin to take profit in response to Trump’s decision to choose a less hawkish candidate, the GBPUSD started to recover from 3-weeks low. It continued its recovery this week Monday as investors begin to anticipate this week’s BoE, FOMC and NFP data for a fresh impetus.
    On the technical side, retracement back below the 1.3100 handle might continue to find strong support at 100-day SMA, currently near the 1.3065 region, which if broken would confirm a bearish break down and accelerate the fall towards the key 1.30 psychological mark.

    Key levels: R1- 1.3175, R2- 1.3216, R3- 1.3269. S1- 1.3082, S2- 1.3029, S3- 1.2988.


    AUDUSD
    AUDUSD dropped some pips last week by 1.8 percent due to weaker than expected Aussie inflation data and forced investors to scale back the already low odds of RBA tightening. It is very unlikely that the Central Bank would hike interest rate any time soon.
    The AUD/USD is likely to drop below the support offered by the trend line sloping upwards from May low and June low.
    Technical studies signal short-term consolidation in the range of 0.7730 to 0.76 before wave of offers push the pair down to 0.7530-0.75 levels.

    Key levels: R1- 0.7698, R2- 0.7716, R3- 0.7753. S1- 0.7643, S2- 0.7606, S3- 0.7588


    USDCHF
    The pair gained about 200pips last week and breached the resistant level at 1.0000 before closing below it on Friday. The outlook is bullish for this week, but the bullishness will not hold throughout November as EURUSD is expected to rally next month and exert selling pressure on this pair.
    Key quotes from Fxstreet: “Keep an eye on the psychologically all-important parity level, for if it were passed, this would open the way towards 1.01-1.0120 (Fibonacci projections) before the resistance levels around 1.0172-1.0193 (Fibonacci projections) and the one at 1.0240 (weekly parabolic).”

    Key Levels: R1- 1.0022, R2- 1.0066, R3- 1.0093. S1- 0.9952, S2- 0.9925, S3- 0.9882

  7. #37
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    Weekly Forex Forecast For Major Currency Pairs

    November 5 - 10.


    EURUSD

    The pair made some gains from Monday to Wednesday then declined on Friday. The outlook of the EUR looks bearish and will likely continue till the end of the week. So the support lines at 1.1600, 1.1550 and 1.1500 should be tested, and the resistance lines at 1.1700 and 1.1750 will limit any rallies. However, immediate resistance is now pegged near the 1.1630 region, support-turned-resistance, and any subsequent recovery attempts might now be capped near the 1.1660-65 zones.

    Key Levels: R1- 1.1667, R2- 1.1726, R3- 1.1750. S1- 1.1574, S2- 1.1550, S3- 1.1481


    USDCHF
    The pair had a brief spike down to 0.9948 on Friday but hastily recovered its poise and finished the week at parity, having briefly reached 1.0024.
    No further important movement was seen last week, but bullishness was maintained and price closed above the psychological level of 1.0000. Technical indicators are looking positive generally, which makes the outlook for this week bullish. The pair could text the resistant levels at 1.0050, 1.0100 and 1.0150 in the next two weeks.

    Key Levels: R1- 1.0050, R2- 1.0100, R3- 1.0150. S1- 0.9960, S2- 0.9914, S3- 0.9882.



    GBPUSD

    The pair gained 160 pips last week following Friday’s US jobs report, but ended the week at 1.3075 after testing the distribution territory at 1.3300. There was further price decline, but the accumulation territory at 1.3000 was able to hold. The GBPUSD now has a bearish outlook and in other instances, it is neutral. This week, a break of Fridays low of 1.3038 would see the pair move toward the 1.3023/3000 levels and could head lower to 1.2980.

    Key Levels: R1- 1.3083, R2- 1.3127, R3- 1.3222. S1- 1.3033, S2- 1.2989, S3- 1.2938.


    USDJPY

    The pair began the week with a spike to fresh nearly eight-month high at 114.73. Overall, technical indicators remains bullish and favors final break higher and test of next targets at 115.00 (round-figure) and 115.50 (10 Mar high).

    Key Levels: R1- 114.05, R2- 114.46, R3- 115.27. S1- 113.65, S2- 113.24, S3- 112.84

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  8. #38
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    Forex analysis for November 19th Ė 24th

    EURJPY
    Uncertainties in Germany politics has forced the pair into a bearish formation. Price has been consolidating since the beginning of October (long term view). The pair is no longer on a neutral outlook and investors are beginning to consider a sell position. Short term wise, there is still room for EUR/JPY to fall further.

    Key Levels: R1- 132.90, R2- 133.61, R3- 134.03. S1- 131.78, S2- 131.35, S3- 130.65



    EURUSD
    The Pair gained 200 pips after a bullish signal was generated last week. It tested the resistant line at 1.1850 and then closed at 1.1800 resistant lines on Friday. The EURUSD started this week on a harsh note, as Sunday talks of a coalition Government in German collapsed after the Free Democratic Party pulled out. As a result the EURUSD fell to 1.1722 at the start of todayís Asian session, but was able to regain some of its losses early European session. The signal will remain valid until price falls to 1.6000.

    Key Levels: R1- 1.823, R2- 1.1851, R3- 1.1879. S1- 1.1766, S2- 1.1737, S3- 1.1710.



    USDJPY
    The safe haven yen gained some strength despite the disappointing trade data that was released. So, the pairís price fall could be as a result of the new tax reform in the US and Markelís failure to form a new government. This week may see the demand level at 111.50 reached, but there is the possibility of a strong reversal before the end of the week. The fact that the monthly S1 located at the 112.04 level sustained under such heavy pressure indicates an upcoming recovery of the buck, which will tend to reach the 112.62 mark.

    Key Levels: R1- 112.85, R2- 113.62, R3- 114.08. S1- 111.63, S2- 111.17, S3- 110.40



    USDCHF

    Price fell drastically from Monday to Wednesday; it corrected on Thursday and fell again on Friday to close at 0.9883. The correction is likely still in place, and we think the price my hit 0.9963 and fall back to 0.9900.



    GBPUSD
    The bias is neutral due to a lack of strong direction for the past 4 weeks. After reaching the 1.3250 mark the cable made a sharp turnaround and slipped back to the 1.3180 level. The distribution territory at 1.3300 and accumulation territory at 1.3050 have proven to withstand bearish and bullish pressures recently so the bias will remain until one is breached.

    Key Levels: R1- 1.3262, R2- 1.3308, R3- 1.3354. S1- 1.3171, S2- 1.3124, S3- 1.3079

  9. #39
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    Weekly Forex Outlook on Major Currency Pairs

    (November 26 - December 1)



    EURUSD

    The pair shot up by 210pips last week and closed above the support and resistant line at 1.1900 and 1.1950 respectively. Meanwhile, doubts that the Fed may be able to deliver further interest rate increases, on concerns over stubbornly low inflationary pressure, kept the US Dollar bulls on the defensive and further collaborated to the pair's strong up-move. The outlook on the EURUSD is bullish for December and the resistance level at 1.2000 should be reached next month.

    Key Levels: R1- 1.1972, R2- 1.2013, R3- 1.2080. S1- 1.1863, S2- 1.1796, S3- 1.1755

    USDCHF

    There was further decline on the USDCHF last week, especially Friday when it fell to 0.9785. The pair has dropped about 220 pips this month and 100 of those were lost last week. This has created a confirmation bearish pattern. With the daily momentum indicators pointing increasingly lower, a sustained break of 0.9785/0.9800 would allow a run towards 0.9725/30 and then to 0.9700/05.

    Key Levels: R1- 0.9804, R2- 0.9822, R3- 0.9865. S1- 0.9779, S2- 0.9761, S3- 0.9736.

    GBPUSD

    Friday’s gain helped the pair reach a price of 1.3359 and this has created a bullish signal. With this ongoing momentum, traders are hoping the pair would push up to the distribution territories at 1.3350, 1.3400, and 1.3450. GBPUSD seems to be unfazed by the ongoing Brexit negotiations that saw UK PM, May in Brussels trying to beat out a deal with Donald Tusk.

    Key Levels: R1- 1.3350, R2- 1.3400, R3- 1.3450. S1- 1.3288, S2- 1.3242, S3- 1.3206.


    USDJPY

    The Pair has lost nearly 300p pips since the start of this month as it tested the supply level at 114.50 on November 6. It now targets the supply levels at 111.00, 110.50 and 110.00. Only firm break above 200SMA would sideline bearish threats while return and close above daily cloud top is needed to neutralize and signal higher base formation.

    Key Levels: R1- 111.77, R2- 111.96, R3- 112.27. S1- 111.00, S2- 110.50, S3- 110.00

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  10. #40
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    Weekly Forex Outlook on Major Currency Pairs

    November 12 - 17




    EURUSD

    Price consolidated last week, but with some bullish effort on Thursday and Friday (in the context of a downtrend). A short-term bullish signal is present, so once the resistance line at 1.1750 is breached, the bias will turn bullish, and with the outlook on EUR pairs being bullish this week, the resistance lines at 1.1800 and 1.1850 may be reached.


    GBPUSD

    Action is choppy and volatile. The next 2 weeks may see price break the distribution territory at 1.3300 (creating a strong bullish bias); or go below the accumulation territory at 1.3050 (creating a strong bearish bias). Strong directional movements are anticipated on other GBP pairs this week.



    USDCHF

    The outlook is bullish in the long-term, but becoming bearish in the short-term because price went sideways from Monday to Wednesday then declined on Thursday. Further bearish movement is possible this week, with the next targets being the support levels at 0.9950, 0.9900 and 0.9850, however, movement will be limited as USD will retain some of strength.



    EURJPY

    A decline tested the demand zone at 131.50 last week, before bouncing 100 pips to test the supply zone at 132.50. Neutrality will remain while price oscillates between the supply zone at 133.00 and the demand zone at 131.50, but a breach will form a directional bias.

    GBPJPY


    There has been no clear trend for several weeks. October saw a high of 151.38 and a low of 146.93, so the neutral phase will remain until either the supply zone at 151.50 or the demand zone at 146.50 is breached. Meanwhile, strategies that take advantage of short-term swings will thrive.


    USDJPY

    The view is bullish in the long-term, but bearish in the short-term. After testing the supply level at 114.50, price fell by 100 pips last week and closed below the supply level at 113.50. Should price continue down this week then the demand levels at 113.00 and 112.50 will be reached, but any movement above the supply levels at 114.00, 114.50 and 115.00 will help strengthen the recent bullish bias.

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    Replies: 0
    Last Post: 07-27-2009, 02:21 AM
  5. Best Forex Analysis for Major Currency Pairs
    By FEUA in forum EUR USD, GBP USD, USD CHF ...
    Replies: 0
    Last Post: 06-17-2009, 04:35 AM

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