Posted on

Weekly Forex Forecast – (20 – 24 February 2017)

EURUSD – Euro/Dollar In the bigger picture EurUsd is now busy with wave 5, which indicate we should see a new low soon in EurUsd. We are still searching for a entry on lower timeframe.  See below the 1 hour chart for a short entry this week… On the 1 hour chart, EurUsd found support […]
Posted on

Weekly Forex Forecast (13 – 17 February 2017)

EURUSD – Euro/Dollar See our detail analysis here – posted on Friday.  We remain bearish and target 1.0515 & 1.0360   GBPUSD – Pound/Dollar See our detail analysis here on the GbpUsd.  We are currently long on Gbp/usd, after impulse wave 1 and invalidation level (stop loss) will be 1.2330.  Whilst above that level, we […]
Posted on

Weekly Forex Forecast (6 – 10 February 2017)

EURUSD – Euro/Dollar EurUsd pushed another day higher, with 3 inside bars now.  The falling wedge is still in play, and we do believe that this falling wedge will break to the downside early this week.  We still remain now more bullish on the US dollar.  So watch this week for key resistance reversal area […]
Posted on

Weekly Forex Forecast (30 January – 3 February 2017)

EURUSD – Euro/Dollar As discussed last week, EurUsd is currently trading in a rising wedge pattern (See our triangle breakout strategy) We remain bearish on EurUsd whilst below 1.0780 on a daily closing basis.  This week we would like to enter short, but only on a 4 hourly close below 1.0650 with a stop loss […]
Posted on

Weekly Forex Forecast (23 – 27 January 2017)

EURUSD – Euro/Dollar We are still bullish on EurUsd since that daily pin bar (not shown here), on a 4 hourly chart we can clearly see a triangle forming. See our cheat sheet on how to trade triangles here… We would like to see one more push higher before going short.  Big horizontal resistance coming […]
Posted on

Weekly Forex Forecast – (16 – 20 January 2017)

EURUSD – Euro/Dollar After the pin bar EurUsd did manage to close higher. (See our analysis posted on Wednesday). We are long on EurUsd, we can’t ignore all the bullish signs.  See below the 4 hourly chart, notice all the bullish pin bars?  As discussed, minor resistance is the high of the previous daily pin […]
Posted on

Weekly Forex Forecast (9 – 13 January 2017)

EURUSD – Euro/Dollar EurUsd is back at resistance…  Still below the Bearish pin bar on the daily chart, whilst below the bearish pin bar and March 2015 trend line, we remain bearish. Only a daily close above the Pin bar would negate our bearish view, 1.0650 We will be watching to see how the pair reacts […]
Posted on

Weekly Forex Forecast (2 – 6 January 2017)

EURUSD – Euro/Dollar EurUsd rallied the last day in 2016.  An impressive 250 pips rally, but sellers won the battle.  EurUsd formed a bearish pin bar below the broken trend line since March 2015… Near term resistance this week 1.0515 area should continue to serve as resistance while support comes in at 1.0366. While Friday’s […]
Posted on

Weekly Forex Forecast (19 – 23 December 2016)

EURUSD – Euro/Dollar EurUsd dropped further last week and now with a close below the multi-year low at 1.0460.  Last week’s low 1.0365 is now the lowest print since January 2003. We remain bearish on EurUsd, and this week look for resistance at 1.0460, 1.0515 We will only be interested in selling opportunities, only a […]
Posted on

Weekly Forex Forecast (12 – 16 December 2016)

EURUSD – Euro/Dollar Last week we discussed the resistance at 1.0820/850, which the pair reversed and sold off aggressively.  Our long term view remain very bearish on the EurUsd (We have been bearish since July…). Below see the Weekly chart, two major bearish rejections and last week closed below the trend line since 2015 (Red […]