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 11/10/2017

The AUDUSD pair recovering from the 0.7730-40 support and eyeing more gains. Gold is placed well above $1285 for a move towards $1300.   AUDUSD – Aussie Dollar Set to Rise Further Key Points The Aussie Dollar after a steep decline found support just above 0.7740 against the US Dollar. There is an ascending channel… Continue reading Market Forecast 11/10/2017

Market Forecast 25/09/2017

EUR/GBP is under pressure, but holding the 0.8780 support. AUD/USD is moving down and likely to trade towards 0.7920-10 in the near term.   EUR/GBP Forecast – Euro Holding Crucial Support Key Points The Euro is under a lot of pressure and recently traded below 0.8840 against the British Pound. There is a major bearish… Continue reading Market Forecast 25/09/2017

Market Forecast 13/09/2017

EUR/JPY Forecast – Euro Remains In Uptrend Key Points The Euro traded higher recently and moved above the 131.20 resistance against the Japanese Yen. There is an expanding triangle forming with support at 131.70 on the hourly chart of the EUR/JPY pair. Today in the Euro Zone, the German Consumer Price Index for August 2017… Continue reading Market Forecast 13/09/2017

Market Forecast 04/09/2017

AUDUSD – Aussie Dollar Correcting Lower Key Points The Aussie Dollar traded as high as 0.7992 against the US Dollar before starting a correction. There is a descending channel or we can say a flag pattern with resistance at 0.7960 forming on the hourly chart of the AUD/USD pair. Today in Australia, the TD Securities… Continue reading Market Forecast 04/09/2017