Hello everyone,
Every Saturday morning I will post here a review of currency pairs laying out a plan for the week ahead.
5 Likes
Nice. I agree on many points -
NZD looks weak against everything
EUR/USD has turned bearish but doesn’t show a fresh entry price for the week yet
USD strengthening
USD/JPY increasingly bullish with good potential
EUR/JPY shows a confused picture but with EUR weakening as fast as JPY might strengthen
AUD/USD - I got already long late in the week but the chart is going negative against me. Grrr.
GBP/USD - cancelled my buy order: looks weaker and weaker but I’m not ready to short yet
GBP/JPY is holding its position and is not yet a shorting opportunity
AUD/JPY and NZD/JPY - AUD’s a possible buy but I like more convincing price action from the wide-spread Australasian pairs to make taking positions financially worthwhile, NZD too weak to bother with
But I do see -
USD/CAD bullish but actually getting more positive
3 Likes
Fantastic summary.
I do agree USD/CAD is looking bullish ever since the BOC last week.
2 Likes
Thanks for stopping by and watching. We have an exciting forecast for the week ahead with a lot going on and setting up in the markets.
I hope you enjoy.
1 Like
Weekly Forex Analysis & Forecast for Nov. 25 - 29, 2019
I am bearish GBPUSD. Here’s why from a technical perspective.
The daily time frame shows a bearish impulse while recent price action is within a corrective phase. Presently, price action is located at the 1.28190 horizontal support area, where we may have a sideways of price action before a bearish continuation. Technically, a breakdown of the pennant (blue) seen on the weekly time frame is in the offing and a bearish bias on the GBPUSD seems to be supported. I am bearish GBPUSD.
I may be wrong. Trade safe and prosper.
Trap
1 Like
We get below that trend line support you have drawn in and I will be joining you selling GBPUSD
Noted mate. But look for a significant breakdown on a daily closing basis.
Trade safe.
Trap
Weekly Forex Analysis & Forecast for Dec. 2 - 6, 2019
Weekly Forex Analysis & Forecast for Dec. 9 - 13, 2019
Weekly Forex Analysis & Forecast for Dec. 16-20, 2010
Weekly Forex Analysis & Forecast for Dec. 23 - 27, 2019
1 Like
Agreed pretty much mate - for the next week at least -
- strong AUD (which also means strong NZD)
- weak JPY (which probably also means weak CHF)
- risk-on (which also means strong DJIA)
- GBP liable to whip-saw (political hazard)
1 Like
Weekly Forex Analysis & Forecast for Dec. 28 2019 - Jan. 3 2020
(Video) Weekly Forex Analysis & Forecast for Jan. 6 - 10, 2020
Note: Important video on return from vacation and trading resumes.
Simply the best education and analysis on the internet from the fastest growing YouTube channel.
Simply the best education and analysis on the internet from the fastest growing YouTube channel.
Weekly Forex Analysis & Forecast for Jan. 20 - 24, 2020
Prepare for a wild week in the markets starting with a strong risk off tone. Be careful out there and trade smart.
Weekly Forex Analysis & Forecast for Jan. 27 - 31, 2020
Weekly Forex Analysis & Forecast
Weekly Forex Analysis & Forecast for Feb. 10 - 14, 2020