hot this week
EURUSD: Cautiously Bullish, With Eyes On The 1.1750 Levels.
As long as 1.1608 support holds on a daily closing basis, the EURUSD remains on the upside to the 1.1750 levels, a halt is likely and it may turn lower from here to test 1.1700 levels where a cut will aim the 1.1608 levels. On the other hand; A rejection from...
Market Reversal Levels, Week of Jun 11 2018
1- Those are strong support and resistance levels in the short /medium term, the market usually respects these levels strongly.
2- If the market rallies into resistance levels, a sell-off is expected.
3- If the market...
A quick forecast ahead of U.S jobs report?!
The United States will publish 2 reports on the status of jobs over the past month, excluding the farming industry today at 12:30 GMT.
1- Nonfarm Payrolls (May), market analysts expect a rise to 189K, from 164K a...
EURUSD Daily Forecast Jun 01 2018
EURUSD: Recovers With Caution!
Recommendations: Long positions above 1.1647 with 1.1720 and 1.1788 as next targets.
Alternative scenario: The downside breakout of 1.1647 will bring a slide to 1.1590 before another rise.
Description: With the pair closing above...
EURUSD Daily Forecast May 30 2018
EURUSD: Remains Bearish!
Recommendations: Short positions below/ around 1.1589 levels with 1.1545 & 1.1509 as next targets.
Alternative scenario: The upside breakout of 1.1589 will call for a rebound to 1.1639/1.1678 levels.
Description: The pair is very bearish,...
Market Reversal Levels, Week of May 28 2018
1- Those are strong support and resistance levels in the short /medium term, the market usually respects these levels strongly.
2- If the market rallies into resistance levels, a sell-off is expected.
3- If the market...
GBPUSD Daily Forecast May 17 2018
GBPUSD: Capped By Falling Trend Line!
Recommendations: Short positions below 1.3571 levels with 1.3500 & 1.357 as next targets.
Alternative scenario: Above 1.3571 look for further upside to the 1.3600/1.3630 levels.
Description: As long as 1.3571 resistance holds...
EURUSD Daily Forecast May 17 2018
EURUSD: Outlook Remains Lower!
Recommendations: Short positions below 1.1820 levels with 1.1765 & 1.1735 as next targets.
Alternative scenario: The upside breakout of 1.1820 will call for a rebound to 1.1875 levels.
Description: As long as 1.1825 resistance...
GBPUSD Daily Forecast May 16 2018
GBPUSD: Consolidates With Downside Bias!
Recommendations: Short positions below 1.3525 levels with 1.3457 & 1.3430 as next targets.
Alternative scenario: Above 1.3525 look for further limited gains below 1.3571 levels.
Description: As long as 1.3525 resistance holds on a...
EURUSD Daily Forecast May 16 2018
EURUSD: Under Pressure, Eyes Further Downside Risk!
Recommendations: Short positions below 1.1875 levels with 1.1790 & 1.1737 as next targets.
Alternative scenario: The upside breakout of 1.1875 will call for a rebound to 1.1937 levels.
Description: As long...
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