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 […]
Posted on

Weekly Forex Forecast (5 – 9 December 2016)

EURUSD – Euro/Dollar EurUsd tested the April 2015 trendline last week and we still remain bearish on EurUsd.  We will look for price action signals at 1.0710 and 1.0850 resistance area. Due to the big downtrend, we are only interested in selling opportunities, but giving the consolidation around support this might go either way?  Especially […]
Posted on

Weekly Forex Forecast (28 November – 2 December 2016)

EURUSD – Euro / Dollar Lets look at the bigger picture of EurUsd, this is the weekly chart. EurUsd currently trading in a very big Descending channel, and we still might get a break down to support of the Descending channel (currently just below 1.0000) This is the longer term view of EurUsd We were […]
Posted on

Weekly Forex Forecast (21 -25 November 2016)

EURUSD – Euro/Dollar As discussed last week, EurUsd continued lower after the false break of trend line and triangle resistance(also note the pin bar). EurUsd is fast approaching key support level between 1.0525 and 1.0463 (March 2016 low and November 2015 low)  That level is also the triangle measured target… We would like to get […]
Posted on

Weekly Forex Forecast (14 – 18 November 2016)

EURUSD – Euro/Dollar As discussed last week, we remain bearish on EurUsd due to the technical break of a triangle.  It was very volatile due to the US Elections, but key resistance still comes in at 1.1120/30.  This week we will again look for selling price action signals. Levels to watch for a sell signal […]
Posted on

Weekly Forecast (7 – 11 November 2016)

Important this week: This week is the US election (Tuesday 8 Nov), volatility could increase leading up to the election and during it.  Our advise is to be very careful this week, rather use half the risk on your positions and always use a stop loss placement.  This week we will be only risking 1 % […]