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  1. #1
    Profiforex_Victory is offline Junior Member
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    Forex Analysis and News for Major Currency pairs February, Week 1


    This Analysis is brought to you by PROFIFOREX

    Here is the market outlook for this week:


    EURUSD

    Price Trend: Bullish

    Across the first three days of last week, the EURUSD was flat. The currency pair made attempts to keep above 1.0750 (which is a resistance lines) but the pair failed, this threatened the uptrend. So far since the start of 2017, the EURUSD has been enjoying an increase. This has turned the trend to an uptrend but we don't really expect this to last across the coming month. It is even possible for the trend to change to a downtrend in course of the next four days as there is the possibility of the EUR dropping down against its major rivals in exception of the Japanese yen.


    EURJPY

    Price Trend: Bullish

    For this week, it is likely prices may push up as the trend is at the moment an uptrend. But on the longer term, the pair may end up becoming neutral. The trend may change from being an uptrend when the yen reasonably gets weaker. For the month of February, the pair may possibly rise by over 450 pips although in course of this, it is possible there may be temporary pull backs.


    GBPUSD

    Price Trend: Bullish

    Last week, the GBPUSD experienced a 280 pips increase. This impressive rise dragged the currency pair to the distribution territory located at 1.2650 before the brief pullback the pair experienced on Thursday. The GBPUSD has been enjoying a strong run of form having gained over 630 pips since the low it had dropped to two weeks ago. However there is the possibility that the uptrend would soon halt as many of GBP pairs are dragging down into a downtrend for this upcoming month of February. It is thus possible that the GBPUSD my rise up to 1.2700, 1.2750 even as far as 1.2800; all which are distribution territories. This could be hampered as the chances are really high that the pair may fall in this upcoming month of February.


    USDJPY

    Price Trend: Bearish

    The fall in prices for the pair which actually began at the beginning of the year has not stopped yet. The sustained fall in prices had brought about the formation of a Bearish Confirmation Pattern. But by last week Thursday, prices turned around up such that by Friday, the pair has closed at 115.00, which is a demand level. For this new week, should traders continue buying the USDJPY, the USDJPY may push up to the supply levels located at 116.00 even up to 117.00. This may eventually change the trend to an uptrend.


    USDCHF

    Price Trend: Bearish

    Last week there was sideways movement in the USDCHF, with the USDCHF attempting to pull below the resistance level located at 1.0000. Across the next four days, it is possible prices may try to push above 1.0000 but the chances are bigger that the pair would fall this week. So far since the start of 2017, the USDCHF has been on a sustained downtrend therefore it is very likely the downtrend would continue this next month as we expect the CHF to get stronger. Although there may be temporary rise in the pair owing to possible decline in the EURUSD, the long term trend however remains a downtrend.

  2. #2
    Profiforex_Victory is offline Junior Member
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    Forex Analysis and News for Major Currency pairs February, Week 2

    This Analysis is brought to you by PROFIFOREX

    Here is the market outlook for this week:

    EURUSD

    Price Trend: Bullish
    Last week despite the pair rising to the resistance line located at 1.0800, the pair had no success in keeping above it although it severally tried to. This is however well needed for the trend to continue being an uptrend and should it not succeed in doing this, the EURUSD would fall notably.

    EURJPY
    Price Trend: Neutral

    At the moment the trend is neutral but when we look at smaller charts, the trend is no longer neutral but becomes an downtrend even considering that many JPY pairs are likely to increase this week. It is possible for prices to briefly touch the demand level located at 120.50 even down to the levels located at 120.00. However there is the possibility of the pair also making a gain of over 195 pips across the next three days.


    GBPUSD
    Price Trend: Bullish

    There were many attempts by the GBPUSD to pass 1.2700 ( which is a notable distribution territory) but the GBPUSD failed. For the trend to remain an uptrend, the GBPUSD needs to make a stretch of gains but should prices drop more, then the trend may eventually be reversed to a downtrend. Although it is likely given that the possibility is real that most GBPUSD pairs would be going down this February.


    USDJPY
    Price Trend: Bearish

    At the moment, the trend is a downtrend as the pair had lost over 450 pips with the USDJPY driving closer to demands level locates at 111.00. It is possible this level could be breached. The chances are reasonably high in the next three days given that JPY pairs may enjoy an increase. Thus the chances are still there of the pair rising despite the trend been a downtrend.

    USDCHF
    Price Trend: Bearish

    Since 2017 began, the USDCHF has been on a decline and across January, the pair had lost over 340 pips. This would continue with the EUR on a rise and the falling condition of the USDCHF would only change should the EURUSD suffer a significant decline. But this is not really likely to happen considering that the CHF has high possibility of rising for the month of February, it is not very likely that the USDCHF would see increases this week.

  3. #3
    Profiforex_Victory is offline Junior Member
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    Forex Analysis and News for Major Currency pairs February, Week 3

    This Analysis is brought to you by PROFIFOREX
    Here is the market outlook for this week:

    EURUSD
    Price Trend: Bearish

    Just this previous week, prices had gone down past the resistance level located at 1.0650. So far for the month of February, the trend has been basically a downtrend. With this in mind, it becomes very possible that the EURUSD may fall down across the next three days as far down as the support line located at 1.0500. For the trend to change from a downtrend, prices must rise as far as 1.0800, which is a crucial resistance level.


    EURJPY
    Price Trend: Bearish

    Between the first three days of last week, the EURJPY suffered a decline of over 170 pips testing 119.50 which is a demand level. Since then prices have made attempts to pull up but the attempt was not strong enough. These up and down movement will go on until a strong move occurs long enough in one direction. It is more likely this movement will be up, thus it is not too advisable to hold short positions for a long time.


    GBPUSD
    Price Trend: Neutral

    Last week prices were moving sideways, moving into an equilibrium phase despite the obvious volatility that occurred last week Tuesday. It is very possible that the equilibrium phase will continue for this week, chances are high that the GBPUSD will experience a breakout by the ending of February which will most likely pull prices down. Generally the trend for most GBP pairs is still a downtrend and it is very possible the GBPUSD may experience pressure from buying.


    USDJPY
    Price Trend: Bearish

    Prices tried to move up on last week but it was not enough to change the trend. For now the trend remains a downtrend, therefore it is very likely prices may test 112.50 as well as 112.00 (both of which are demand levels). However there is still the possibility that prices may push up this week most particularly for JPY pairs. Thus it is likely JPY pairs may begin to rise anytime this week.



    USDCHF
    Price Trend: Bearish

    For this pair, the USDCHF is an uptrend on the short term while been a downtrend on the medium term. The short term uptrend was formed when prices had moved up to the resistance level located at 1.0050 all the way from support level located at 0.9900. Should prices move up further past 1.0150, a Bullish Confirmation Pattern will be formed. Despite the fact that the trend is generally a downtrend, there is yet the possibility of prices moving up especially since the USDCHF has moved past the crucial 1.0000 level.

  4. #4
    Profiforex_Victory is offline Junior Member
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    Forex Analysis and News for Major Currency pairs February, Week 4

    This Analysis is brought to you by PROFIFOREX

    Here is the market outlook for this week

    EURUSD

    Price Trend: Bearish

    Price for the EURUSD dropped down for the first three days of last week. This early decline pulled prices down below the support line located at 1.0550. The EURUSD turned around the decline after this managing to push up to the resistance line seen at 1.0650 before suffering slight pushbacks on Friday last week. In view of this, it is expected that the decline extends into this week with a stronger possibility that prices may drop down as far as 1.0550 even further down to 1.0450.


    EURJPY
    Price Trend: Bearish

    Looking on a longer term, you see that the pair is experiencing a downtrend, although within the next few days the trend looks neutral. Following its consolidation last week, the pair had dropped down by over 115 pips, this is much in line with the decline it has been facing when February began. It is verb possible for this decline to continue yet also is it possible for JPY pairs to rise.



    GBPUSD
    Price Trend: Neutral

    For the last fourteen days, it has been observed that there has been a sideways movement in the GBPUSD although the general lack trend has not yet changed from a downtrend but the trend most recently has been neutral. These sideways movement will however end when there is a strong movement either up or down. However if you look closer you will see the greater possibility of the neutral trend finishing on a downtrend. For this, it is more likely on the longer term for prices to drop down.



    USDJPY
    Price Trend: Bearish

    Prices had been enjoying gains since last week Wednesday; in fact these gains started as far as February 9. However after last week Wednesday, the USDJPY started to pull down such that by Friday the pair has already dropped below 113.00 ( which is a demand level) thus forming a bearish confirmation pattern. Looking at the next few days this week, there is the possibility the USDJPY may reach the demand levels located at 112.50 even down to the demand level located at 111.50. However we are still hoping that prices would rise before February finishes.


    USDCHF

    Price Trend: Bearish

    It is quite strange that the USDCHF is facing a downtrend at the same time as the EURUSD. Well this is not that impossible considering the fact that at times the CHF makes gains that keeps the USDCHF down. Well there is not much significance to the 1.0000 level at the moment as prices have been jumping above and below it carelessly. At this point, the USDCHF may only push up if its counterpart the EURUSD pushes up too reasonably.

  5. #5
    Profiforex_Victory is offline Junior Member
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    Forex Analysis and News for Major Currency pairs March, Week 1

    This Analysis is brought to you by PROFIFOREX

    Here is the market outlook for this week:

    EURUSD

    Price Trend: Bearish

    There was a downward movement in this pair the previous week as prices went down attempting to break through the support level located at 1.0500. But towards the end of the trading week, prices made reasonable recovery pulling up back. This push up does not really suggest an uptrend but just a better opportunity to sell. This week we expect prices to drop down back to the support level located at 1.0500; it is even possible that prices may fall down more past that point. At the moment we can say the trend is bearish and may extend into early March.


    EURJPY
    Price Trend: Bearish

    For the EURJPY, the pair is at the moment experiencing a notable downtrend. So far for the month of February, the EURJPY has fallen down by 350 pips. Just last week the pair suffered a drop of over 140 pips which pulled the pair below 118.50 where there is a supply zone. Looking further into this week, we expect that the demand zones we have at 118.00 as well as the demand zone at 117.50 will be breached. The exception to this is that the Japanese yen gets weaker. This is actually likely in the month of March.



    GBPUSD
    Price Trend: Neutral

    For now the trend is yet neutral. For over three weeks, the GBPUSD has been hovering around the region of 1.2350 (an accumulation territory) as well as the distribution territory located at 1.2600. Thus we see that it is required for prices to fall below the accumulation territory or at least push above the distribution territory for there to be a change in the trend. This next month we expect GBP pairs to be facing more downward movements. And then possibly by the ending of March, prices may attempt to pull up.


    USDJPY
    Price Trend: Neutral

    Looking on the short term we see that the pair is a downtrend but if we look on the longer term we see that the trend is really neutral. Early last week, there was consolidation of the pair only for the USDJPY to fall down by the end of last week. This brought about the formation of a short-term Bearish Confirmation Pattern. This could push prices up to the demand levels located at 111.50 and 111.000. Also it possible prices may still go up as there is a solid possibility of the yen getting stronger this next month.


    USDCHF

    Price Trend: Bullish

    At the moment the trend is an uptrend but the uptrend is not too strong as prices have only managed to go up by only 200 pips for the month of February. Prices for a short period of time attempted to climb on top of the resistance level located at 1.0100. But by the end of the week,prices fell down although the trend is yet an uptrend. This would however change once EURUSD pushes down.

  6. #6
    Profiforex_Victory is offline Junior Member
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    Forex Analysis and News for Major Currency pairs March, Week 2


    This Analysis is brought to you by PROFIFOREX

    Here is the market outlook for this week:

    EURUSD

    Price Trend: Bearish
    The previous week, there was a downward movement in this currency pair. This move pulled the pair down to the support line located at 1.0500 and from there the EURUSD bounced up by the end of last week. But this move up should not be seen as signal for a change to an uptrend. Rather it should be viewed as a better opportunity to sell. For now it can be seen that the trend is still a downtrend. With this in mind, we can say that the pair may consequently fall dropping down to 1.0450 even down to 1.0350 all which are support levels.


    EURJPY

    Price Trend: Bullish

    Last week prices finished above 121.00 which is a demand zone. This marks a push up from 118.50 which is another demand zone. This amounts to a gain in the pair of over 250 pips. For now there is a clear Bullish Confirmation Pattern on the EURJPY. Considering this, it becomes very possible that the EURJPY may push further up to 122.50 which is a demand zone.


    GBPUSD

    Price Trend: Bearish

    The previous week, the GBPUSD dropped down by over 190 pips. This pushed the pair below 1.2250 (an accumulation territory) after which prices pulled up a bit. With the present trend in mind, we can therefore say the move up in this pair is only for a short while. Across the next few days,it is possible that the GBPUSD may fall down to 1.2200 even past down further to 1.2150 all which are accumulation territories. This fall may extend to other GBP pairs like the GBPAUD.



    USDJPY

    Price Trend: Bullish

    The USDJPY has pushed up to the supply level located at 114.50 leaping from the demand level which is located at 112.00. For now the JPY is not showing impressive strength, thus we see that there is the chance prices may rise up to 115.50 even pushing further up to 116.00. Should this happen, we could even expect the uptrend to extend longer possibly into next week.


    USDJPY

    Price Trend: Bullish

    The pair has not been too strong of late, but the previous week, the USDCHF impressed by rising above 1.0050 a crucial support level. We expect further increase in this pair so long the downtrend in the EURUSD is sustained. Going into further details, if the EURUSD can drop down reaching the resistance level located at 1.0100 then the possibility arises for the USDCHF to push up to 1.0200. The trend will however turn a downtrend should prices drop below the very crucial support level we have at 1.0000.

  7. #7
    Profiforex_Victory is offline Junior Member
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    Forex Analysis and News for Major Currency pairs March, Week 2


    This Analysis is brought to you by PROFIFOREX

    Here is the market outlook for this week:

    EURUSD

    Price Trend: Bearish
    The previous week, there was a downward movement in this currency pair. This move pulled the pair down to the support line located at 1.0500 and from there the EURUSD bounced up by the end of last week. But this move up should not be seen as signal for a change to an uptrend. Rather it should be viewed as a better opportunity to sell. For now it can be seen that the trend is still a downtrend. With this in mind, we can say that the pair may consequently fall dropping down to 1.0450 even down to 1.0350 all which are support levels.


    EURJPY

    Price Trend: Bullish

    Last week prices finished above 121.00 which is a demand zone. This marks a push up from 118.50 which is another demand zone. This amounts to a gain in the pair of over 250 pips. For now there is a clear Bullish Confirmation Pattern on the EURJPY. Considering this, it becomes very possible that the EURJPY may push further up to 122.50 which is a demand zone.


    GBPUSD

    Price Trend: Bearish

    The previous week, the GBPUSD dropped down by over 190 pips. This pushed the pair below 1.2250 (an accumulation territory) after which prices pulled up a bit. With the present trend in mind, we can therefore say the move up in this pair is only for a short while. Across the next few days,it is possible that the GBPUSD may fall down to 1.2200 even past down further to 1.2150 all which are accumulation territories. This fall may extend to other GBP pairs like the GBPAUD.



    USDJPY

    Price Trend: Bullish

    The USDJPY has pushed up to the supply level located at 114.50 leaping from the demand level which is located at 112.00. For now the JPY is not showing impressive strength, thus we see that there is the chance prices may rise up to 115.50 even pushing further up to 116.00. Should this happen, we could even expect the uptrend to extend longer possibly into next week.


    USDJPY

    Price Trend: Bullish

    The pair has not been too strong of late, but the previous week, the USDCHF impressed by rising above 1.0050 a crucial support level. We expect further increase in this pair so long the downtrend in the EURUSD is sustained. Going into further details, if the EURUSD can drop down reaching the resistance level located at 1.0100 then the possibility arises for the USDCHF to push up to 1.0200. The trend will however turn a downtrend should prices drop below the very crucial support level we have at 1.0000.

  8. #8
    Profiforex_Victory is offline Junior Member
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    Forex Analysis and News for Major Currency pairs March, Week 3


    This Analysis is brought to you by PROFIFOREX

    Here is the market outlook for this week:

    EURUSD

    Price Trend: Bullish

    For the first four days of last week, there was a downward movement in this pair. But by Friday, this pair pulled up pushing as far as attempting to break above the resistance level located at 1.0700. Such increase had reversed the trend for now to an uptrend. For this week, it is very likely prices may push up further. It is thus very possible that the EURUSD may rise up this week as far as the resistance line located at 1.0800.


    EURJPY

    Price Trend: Bullish

    In similarity with the USDJPY, this pair exhibited sideways movement the previous week following this up with an increase in the pair. So far prices recorded a push up of over 275 pips (measuring from 120.01, a weekly low) to close at 122.51. For now we can see a bullish confirmation pattern, and coupled with the fact that the euro is doing very well at the moment, we expect more gains from this pair. It is likely this week, the pair may push up by more than 190 pips.


    GBPUSD

    Price Trend: Bearish

    The GBPUSD suffered a decline of over 130 pips by last week. This had brought about the formation of a strong Bearish Confirmation Pattern. Considering all this, we don't really expect the GBP to record gains against other currencies like the AUD, NZD nor even the CHF. Yet it may not decline against the American dollar owing to the lack of strength expected to be manifested by the dollar this week. The pair may make some gains this week bearing in mind the opposition located at the accumulation territory we have at 1.2100.



    USDJPY

    Price Trend: Bullish

    By the end of last week, prices started moving up showing sideways movement earlier in the week. So for now the trend is an uptrend, although the trend is not really a strong uptrend. Examining it further we see that it is possible prices may continue their climb up for this pair considering that by Friday last week, the USDJPY had closed under 115.00 which is a significant supply level. Thus the trend for the USDJPY is an uptrend although it is likely the USD may weaken in the next coming days. For now we have demand levels located at 113.50 as well as another significant supply level located at 155.00.

    USDCHF

    Price Trend: Bullish

    The trend for now is an uptrend, although it is not too strong. The fell down last week Friday with expected weakness in the American dollar for this week. This pair will struggle to rise so long the EURUSD is on the increase too. Considering the expected weakness in the dollar, we are expecting the pair to USDCHF to target 1.0000 a very crucial support level. So far the pair has recorded very little success in its push to climb above 1.0150. We even expect this line to greatly resist any push up by this pair.

  9. #9
    Profiforex_Victory is offline Junior Member
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    Forex Analysis and News for Major Currency pairs March, Week 4


    This Analysis is brought to you by PROFIFOREX

    Here is the market outlook for this week:

    EURUSD

    Price Trend: Bearish

    From Monday to Tuesday last week, the EURUSD experienced a pull down which attempted to push the currency pair below 1.0600 (where there is a support line). By Wednesday the pair began ascending, moving on to record a gain of over 170 pips by the end of the trading week. Across this week, there is the possibility that prices will continue their push up even as far as 1.0750 which is a significant resistance level. Yet there is still the possibility that prices may still fall before the end of the week.

    EURJPY

    Price Trend: Neutral

    The EURJPY experienced a decline of over 145 pips the previous week. This was quite contrary to the existing trend which was an uptrend. This had pushed the trend back to neutral. For this week there is the possibility that the EURJPY may move towards 120.50 even further down to 120.00 (all which are demand zones). But considering that the trend for most JPY pairs is still an uptrend, we could have the EURJPY pushing up when the Japanese yen weakens. This is possibly before March finishes.


    GBPUSD

    Price Trend: Bullish

    The US dollar was notably weak inspiring the pair to enjoy a gain of 250 pips. Prior to this, the pair had found it difficult to exit the accumulation territory located at 1.2150. For now, so long the dollar doesn't gain back its strength, the trend for the pair is an uptrend. The exception to this is the dollar regaining its strength.


    USDJPY

    Price Trend: Bearish


    From Monday to Wednesday last week, the USDJPY had experienced consolidation, but as the American dollar weakened, the currency pair saw a decline of over 245 pips falling down from the supply level located at 115.00 to the demand level located at 112.50. Across the next few days, it is very possible for the decline to continue even spilling into the following week.

    USDCHF

    Price Trend: Bearish

    For the first three days of the previous week, there was a consolidation in the USDCHF. By Thursday the pair experienced a vibrant bearish confirmation pattern such that it attempted to pull below 0.9550 where there is a support level. Now the USDCHF would struggle to record any reasonable gains should the EURUSD be making gains. But should the EURUSD be suffering a decline, it becomes very possible the USDCHF would take advantage and spring up significantly. Such run of gains from the USDCHF may spread into the following week.

  10. #10
    Profiforex_Victory is offline Junior Member
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    Forex Analysis and News for Major Currency pairs March, Week 4


    This Analysis is brought to you by PROFIFOREX

    Here is the market outlook for this week:

    EURUSD

    Price Trend: Bearish

    From Monday to Tuesday last week, the EURUSD experienced a pull down which attempted to push the currency pair below 1.0600 (where there is a support line). By Wednesday the pair began ascending, moving on to record a gain of over 170 pips by the end of the trading week. Across this week, there is the possibility that prices will continue their push up even as far as 1.0750 which is a significant resistance level. Yet there is still the possibility that prices may still fall before the end of the week.

    EURJPY

    Price Trend: Neutral

    The EURJPY experienced a decline of over 145 pips the previous week. This was quite contrary to the existing trend which was an uptrend. This had pushed the trend back to neutral. For this week there is the possibility that the EURJPY may move towards 120.50 even further down to 120.00 (all which are demand zones). But considering that the trend for most JPY pairs is still an uptrend, we could have the EURJPY pushing up when the Japanese yen weakens. This is possibly before March finishes.


    GBPUSD

    Price Trend: Bullish

    The US dollar was notably weak inspiring the pair to enjoy a gain of 250 pips. Prior to this, the pair had found it difficult to exit the accumulation territory located at 1.2150. For now, so long the dollar doesn't gain back its strength, the trend for the pair is an uptrend. The exception to this is the dollar regaining its strength.


    USDJPY

    Price Trend: Bearish


    From Monday to Wednesday last week, the USDJPY had experienced consolidation, but as the American dollar weakened, the currency pair saw a decline of over 245 pips falling down from the supply level located at 115.00 to the demand level located at 112.50. Across the next few days, it is very possible for the decline to continue even spilling into the following week.

    USDCHF

    Price Trend: Bearish

    For the first three days of the previous week, there was a consolidation in the USDCHF. By Thursday the pair experienced a vibrant bearish confirmation pattern such that it attempted to pull below 0.9550 where there is a support level. Now the USDCHF would struggle to record any reasonable gains should the EURUSD be making gains. But should the EURUSD be suffering a decline, it becomes very possible the USDCHF would take advantage and spring up significantly. Such run of gains from the USDCHF may spread into the following week.

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