Market Forecast 10/24/2017

EUR/USD is about to gain traction in the short term, GBP/USD is struggling to clear an important resistance and USD/JPY remains in a solid uptrend. EUR/USD Forecast – Euro To Gain Strength Soon Key Points The Euro after finding support near 1.1730 against the US Dollar started an upside move. There was a break above… Continue reading Market Forecast 10/24/2017

Market Forecast 10/17/2017

EUR/USD might soon start an upside recovery, GBP/USD is gaining upside momentum and USD/JPY is back in the bullish zone above 112.00. EUR/USD Forecast – Euro To Recover Soon Key Points The Euro declined recently and moved below 1.1780 against the US Dollar. There is a major declining triangle forming with current resistance at 1.1780… Continue reading Market Forecast 10/17/2017

Market Forecast 10/10/2017

EUR/USD has moved into the bullish zone, GBP/USD is attempting to break an important resistance and USD/JPY is about to test a major support at 112.30. EUR/USD Forecast – Euro Turned Bullish Key Points The Euro started an upside move after trading as low as 1.1668 against the US Dollar. There was a break above… Continue reading Market Forecast 10/10/2017

Market Forecast 26/09/2017

EUR/USD is under huge selling pressure below 1.1840, USD/JPY remains supported above 111.40 and GBP/USD is approaching towards a major support. EUR/USD Forecast – Euro to Break 1.1800? Key Points The Euro is under a lot of selling pressure and is trading below 1.1850 against the US Dollar. There is a major bearish trend line… Continue reading Market Forecast 26/09/2017

Market Forecast 19/09/2017

EUR/USD is likely to break 1.2000 again, USD/JPY remains in an uptrend and GBP/USD might correct a few pips lower in the near term. EUR/USD Forecast – Euro to Break 1.2000 Key Points The Euro after finding support near the 1.1840 level against the US Dollar recovered well. There was a break of a major… Continue reading Market Forecast 19/09/2017

Market Forecast 12/09/2017

EUR/USD Forecast – Euro to Trade Lower Key Points The Euro is struggling to remain above the 1.1980 level against the US Dollar and might continue to trade lower. There was a break below a major bullish trend line with support at 1.1980 on the hourly chart of the EUR/USD pair. The Euro managed to… Continue reading Market Forecast 12/09/2017

Market Forecast 05/09/2017

EUR/USD Forecast – Euro to Break Down? Key Points The Euro remains below the 1.1920 resistance level against the US Dollar and struggling to recover. A bullish trend line with support at 1.1870 on the hourly chart of the EUR/USD pair is holding losses. Today, the Euro Zone PMI service report for August 2017 was… Continue reading Market Forecast 05/09/2017

Market Forecast 29/08/2017

EUR/USD Forecast – Euro to Move Higher Key Points The Euro made a nice upside move and traded above the 1.2000 handle against the US Dollar. There was a break above a contracting triangle resistance at 1.2010 on the hourly chart of the EUR/USD pair. Germany’ Gfk Consumer Confidence Survey for Sep 2017 posted an… Continue reading Market Forecast 29/08/2017