Posted on

Weekly Forex Forecast (20 – 24 March 2017)

EURUSD – Euro/Dollar See our detail analysis on EurUsd here…   GBPUSD – Pound/Dollar Our GbpUsd worked out very well as discussed in detail last 2 weeks.  GbpUsd completed a complex correction, with invalidation level now moving up to 1.2100. Wave 2 now completed, with a Descending channel now clear for GbpUsd. First resistance comes […]
Posted on

Weekly Forex Forecast (13 – 17 March 2017)

EURUSD – Euro/Dollar EurUsd is still busy with a corrective bounce within a big downtrend… We made some small changes to our wave count, but what is important is that EurUsd is in a very bearish structure below 1.0827. The corrective bounce should ideally end between the 61.8 – 78.6% Fibonacci retracement levels from wave […]
Posted on

Weekly Forex Forecast (6 – 10 March 2017)

EURUSD -Euro/Dollar EurUsd pushed higher on Friday and a reversal should be coming soon. Even if this wave count is wrong, we do have a bearish structure and we will keep on looking for short opportunities below 1.0825… If price go higher than the possible wave 2 at 1.0680, then we could see a deeper pullback […]
Posted on

Weekly Forex Forecast (27 February – 3 March 2017)

EURUSD – Euro/Dollar On the 4 hourly chart we can see a nice bearish reversal taking place.  We still looking to enter short, but no favourable risk reward ratios currently… It is possible that wave 2 might be complete? In that case we should see EurUsd moving in a impulse wave down from here, with […]
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 […]