analyst75 Posted July 16, 2016 Share Posted July 16, 2016 Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This market merely went flat throughout last week; neither closing above the resistance line at 1.1150 nor going below the support line 1.1000. Price went lower on July 15, but it is unlikely that the support line at 1.1000 would be breached, for price may not be able to close below the support line, even after it tests it. This week, the probability of price going north is higher than the probability of it going south. Therefore, the resistance lines at 1.1200 and 1.1250 could be tested this week. USDCHF Dominant bias: Bullish In spite of attacks from bears, USDCHF was able to avoid a significant decline last week. Price managed to go above the resistance level 0.9850, but it could not reach the subsequent resistance level at 0.9900 (which is a strong barrier to the bullish movement). Price underwent a shallow bearish correction on Wednesday and Thursday; while the bias remains bullish. There ought to be further bullish movement this week….. But…. There two threats against the current bullish outlook: 1). CHF could become strong any time this month. 2). USD may become weak versus other major currencies before the end of this week. Until one of these two threats materialize, USDCHF would continue trudging upwards. GBPUSD Dominant bias: Bearish Just as it was forecasted, GBPUSD pair made some conspicuous effort to rally last week, without being able to overturn the bearish outlook on it. Other GBP pairs also rallied significantly, like GBPNZD (1100 pips) and GBPJPY (1300 pips). GBPUSD went north by 550 pips, topped at 1.3480, before the current pullback began. A bullish signal has been generated in the hourly and 4-hour charts, whereas the overall bias remains bearish on higher timeframes. GBPUSD might be able to go further upwards this week; and the bias could turn bullish in case the rally is quite strong. USDJPY Dominant bias: Bullish Contrary to expectation, USDJPY pair went upwards significantly last week (just as other JPY pairs did). Price went north 550 pips, ramming into the supply level at 106.00, before getting corrected on Friday. There is a now a Bullish Confirmation Pattern in the chart, which means that further upwards movement is possible. The only possible impediment to the current bullish effort is a possible weakness in USD, which might result in a considerable selling pressure. EURJPY Dominant bias: Bullish This cross underwent a bullish movement of more than 700 pips last week, enforcing a Bullish Confirmation Pattern in the 4-hour chart. Although price got corrected by over 200 pips on Friday, July 15, the Bullish Confirmation Pattern remains valid. This means price might go further upwards this week, though threats from bears have not abated. Only a movement below the demand zone at 114.00 would render the bullish outlook useless. This forecast is concluded with the quote below: “We believe in never trying to "take" or force the market, only "accept" what it gives you.” - Joe Ross Quote Link to comment Share on other sites More sharing options...
Tickmill-News Posted August 29, 2018 Share Posted August 29, 2018 That's interesting Quote Link to comment Share on other sites More sharing options...
Rossa Posted December 24, 2018 Share Posted December 24, 2018 Trade Recommendations: A good sell from 1.2708 with a take profit at 1.24 copied from FreshForex Quote Link to comment Share on other sites More sharing options...
Rossa Posted December 24, 2018 Share Posted December 24, 2018 T^rade Tip a good sell from 1.1450 with an ideal target at 1.040. Copied from FreshForex Quote Link to comment Share on other sites More sharing options...
Rossa Posted December 24, 2018 Share Posted December 24, 2018 Trade Guys, I think this is a good sell but if it can break below 110.96 Copied from FreshForex Quote Link to comment Share on other sites More sharing options...
pipdmt Posted January 19, 2019 Share Posted January 19, 2019 Guys, I still believe this is a very good sell towards 1.042 Quote Link to comment Share on other sites More sharing options...
pipdmt Posted January 19, 2019 Share Posted January 19, 2019 GBPUSD is still a good buy towards 1.3132, Quote Link to comment Share on other sites More sharing options...
pipdmt Posted January 19, 2019 Share Posted January 19, 2019 I think this pair could rally further to the upperside towards 108.52 or even higher Quote Link to comment Share on other sites More sharing options...
pipdmt Posted January 19, 2019 Share Posted January 19, 2019 EURCHF is a good sell towards the lowest line marked above. Quote Link to comment Share on other sites More sharing options...
pipdmt Posted January 19, 2019 Share Posted January 19, 2019 EURJPY a good sell from 126.02 towards 122.30 Quote Link to comment Share on other sites More sharing options...
pipdmt Posted January 19, 2019 Share Posted January 19, 2019 eThis is a good sell from 78.78 to the lowest level marked above Quote Link to comment Share on other sites More sharing options...
pipdmt Posted January 19, 2019 Share Posted January 19, 2019 GBPNZD after a false break below the zone marked above, the GBP is now above the same zone, a good time to look for long term long position towards 1.45 Quote Link to comment Share on other sites More sharing options...
pipdmt Posted January 23, 2019 Share Posted January 23, 2019 AUDCAD: Guys, this is a good sell from the zone, I've marked above towards 0.912 Quote Link to comment Share on other sites More sharing options...
pipdmt Posted January 23, 2019 Share Posted January 23, 2019 USDCHF, this is a good buy from the supportive trendline towards the upper trendline. Quote Link to comment Share on other sites More sharing options...
pipdmt Posted January 23, 2019 Share Posted January 23, 2019 Trade Tip USDJPY, I'm looking at a possible long term buy on this pair towards 114.00\ Quote Link to comment Share on other sites More sharing options...
pipdmt Posted January 23, 2019 Share Posted January 23, 2019 Trade Tip: EURAUD, sell a break below 1.58 towards 1.53830 Quote Link to comment Share on other sites More sharing options...
pipdmt Posted January 23, 2019 Share Posted January 23, 2019 Trade Tip: Guys, this is a good buy from the zone marked above. Quote Link to comment Share on other sites More sharing options...
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