Market Forecast 25/10/2017

EUR/GBP is eyeing further gains above 0.8975 and USD/CHF remains in a major uptrend above the 0.9875 support level. EUR/GBP Forecast – Euro Eyeing Further Gains Key Points The Euro after forming a base around the 0.8880 level against the British Pound started an upside move. There was a break above a short-term bearish trend… Continue reading Market Forecast 25/10/2017

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 23/10/2017

The British Pound is in an uptrend above 149.80 vs the Japanese Yen. AUDUSD remains sell on rallies near 0.7830-40. GBP/JPY Forecast – British Pound Downsides Limited Key Points The British Pound climbed higher recently and moved above 149.00 against the Japanese Yen. There was a break above a major resistance trend line at 149.75… Continue reading Market Forecast 23/10/2017

Market Forecast 18/10/2017

FTSE 100 is slightly correcting lower, but remains supported. SPX 500 would continue to move higher in the near term. FTSE 100 Index Forecast – Corrections Are Limited Key Points The FTSE 100 index after forming a short-term top at 7,564 started a downside move. There is a short-term descending channel forming with support at… Continue reading Market Forecast 18/10/2017

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 16/10/2017

EUR/GBP remains in a bearish trend below 0.8940 and USD/CHF is attempting an upside break above the 0.9770 resistance. EUR/GBP Forecast – Euro Remains in Downtrend Key Points The Euro started a new downtrend from the 0.9030 swing high against the British Pound. There is a declining channel forming with resistance at 0.8880 on the… Continue reading Market Forecast 16/10/2017

Market Forecast 13/10/2017

The NZD/USD pair is back in the bullish zone above 0.7120 and Crude Oil price is set to break the $51.90-52.00 resistance. NZD/USD Forecast – Back in Bullish Zone Key Points The New Zealand Dollar after forming a bottom near 0.7050 started an upside move against the US Dollar. There was a break above a… Continue reading Market Forecast 13/10/2017

Market Forecast 12/10/2017

The DAX 30 index remains elevated above the 12,900 support and the SPX 500 Index remains buy on dips near the 2,545 level. DAX 30 Index Forecast – Break above 13,000 Possible? Key Points: The DAX 30 index managed to move above the 12,900 resistance level, which is a positive sign. There is a short-term… Continue reading Market Forecast 12/10/2017