analyst75 Posted January 16, 2016 Report Share Posted January 16, 2016 Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair experienced short-term upswings and downswings, with no directional movements in the medium term. Just like last week, there may not be very strong movements this week, though there could be significant movements around the end of this month (which could happen on other major pairs as well). There are support lines at 1.0850 and 1.0800. There are also resistance lines at 1.1000 and 1.1050. Price must go above these resistance lines or support lines, paving way for a strong movement expected around the end of this month. It is likely that EUR would rally, which would be visible on all EUR pairs. USDCHF Dominant bias: Neutral Whatever happens on USDCHF would be determined by what happens to EUR. The bias is now neutral, owing to the recent erratic movements in the market. There are support levels at 0.9950 and 0.9900. There are also resistance levels at 1.0050 and 1.0100; and so it is expected that price would go above these resistance levels or the support levels. A movement to the downside is more likely because the resistance level at 1.0100 is now a major barrier to bulls. That resistance level has successfully thwarted rally attempts within the last two weeks. GBPUSD Dominant bias: Bearish This currency trading instrument came down by, at least, 250 pips last week, almost testing the accumulation territory at 1.4250. Price has come down by 950 pips since the middle of December 2015. There is a very strong bearish bias on the market – it does not make sense to go long until there is a bullish retracement of about 300 pips. That is the only condition that can threaten the existing bearish bias; otherwise rallies would offer new short-selling opportunities. USDJPY Dominant bias: Bearish USDJPY consolidated last week, though it showed determination to continue going downwards. Price has come down by close to 600 pips since December 18, 2015, testing the demand level at 116.50 on January 15, 2016. There is a Bearish Confirmation Pattern in the market and it is possible that the market would continue its southward journey, just as certain JPY pairs have done. EURJPY Dominant bias: Bearish This cross, which fell sharply in the first week of this year, simply moved sideways last week. The outlook on the cross is bearish. However, the bearish outlook might be overturned by events affecting the Euro. In case the Euro gains lots of stamina, a rally attempt might be witnessed on this cross, contrary to what other JPY pairs might be doing. This forecast is concluded with the quote below: “An ideal trading methodology should allow for limited risks and unlimited gains.” – Anonymous Source: www.tallinex.com Link to comment Share on other sites More sharing options...
Gloria Posted February 11, 2016 Report Share Posted February 11, 2016 I expect a more likely scenario is that this pair will chop around so trades off key support or resistance levels held for the short-term could be the way to go for now. Link to comment Share on other sites More sharing options...
Gloria Posted February 16, 2016 Report Share Posted February 16, 2016 Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 115.54. Link to comment Share on other sites More sharing options...
Gloria Posted June 29, 2016 Report Share Posted June 29, 2016 The EUR/USD market gave great opportunity to the bulls. The chart is literally vertical here! I guess it's time to buy. Link to comment Share on other sites More sharing options...
Gloria Posted July 24, 2016 Report Share Posted July 24, 2016 The EUR/JPY showed us a mixed trend last week, but I guess the chard will form a strong down trend next week, so uor preference here is to sell. Link to comment Share on other sites More sharing options...
analyst75 Posted August 13, 2016 Author Report Share Posted August 13, 2016 Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated on Monday and went further upwards on Tuesday. Price moved upwards 130 pips, testing the resistance line at 1.1200, to close above the support line at 1.1150. Bulls might push price further upwards this week; however, there is a possibility of a bearish movement on EURUSD, since EUR could become weak versus other majors, save GBP, which is currently weaker than EUR. The current bullish effort would end once price goes below the support line at 1.1050. USDCHF Dominant bias: Bearish There is a “sell” signal on USDCHF, especially in the near-term. There are support levels at 0.9700 and 0.9650, which could be tested this week. Nonetheless, the expected bearish movement on EURUSD might enable USDCHF to stop moving south, and assume a rally that would bring about a Bullish Confirmation Pattern in the market. Without EURUSD getting weak this week, USDCHF would have to continue moving southwards. GBPUSD Dominant bias: Bearish As it was forecast, this market went further south last week, declining by 170 pips and closing below the distribution territory at 1.2950 on Friday. Just like other GBP pairs (except EURGBP), the outlook on the market is bearish for this week, which means that the accumulation territories at 1.2900, 1.2850 and 1.2800 could be tested this week. The only factor that can reverse the current weakness in the market is an expected or unexpected fundamental factor that proves very favorable to GBP or very unfavorable to USD. USDJPY Dominant bias: Bearish According to expectation, this currency trading instrument was able to maintain its bearishness throughout last week, scuttling bulls’ effort to effect a protracted rally. Whenever price rallied, bears would come in to push it downwards again, thereby preserving the current bearish bias on the market. This week, the bearish bias could continue as price goes for the demand levels at 100.50 and 100.00. On the other hand, a possibility of a strong reversal exists, in case JPY gathers strength. EURJPY Dominant bias: Bearish The movement on EURJPY was essentially flat last week, though that has not overridden the current downtrend. Price would need to consolidate further for another week or two before the bias can turn neutral, otherwise, we would witness a continuation of the southward movement or a temporary reversal that would threaten the current bearish bias. A bullish reversal may occur, but it would not last very long, because of a bearish outlook on JPY pairs, and because EUR itself is expected to be weak this week. This forecast is concluded with the quote below: “Good trading habits are an important factor in successful trading.” - Gabriel Grammatidis Source: www.tallinex.com Link to comment Share on other sites More sharing options...
Gloria Posted August 15, 2016 Report Share Posted August 15, 2016 The EUR/JPY goes sideways and I think we'd better wait for better opportunities on this market. Link to comment Share on other sites More sharing options...
Gloria Posted September 6, 2016 Report Share Posted September 6, 2016 The EUR/JPY seems to have started a new long movement. I feel like opening a sell here and close my deal at the level of 113.00. Link to comment Share on other sites More sharing options...
Gloria Posted October 18, 2016 Report Share Posted October 18, 2016 Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.0961 or 1.0900. Link to comment Share on other sites More sharing options...
Gloria Posted October 18, 2016 Report Share Posted October 18, 2016 Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.0961 or 1.0900. Link to comment Share on other sites More sharing options...
Gloria Posted October 18, 2016 Report Share Posted October 18, 2016 Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1027 or 1.1072. Link to comment Share on other sites More sharing options...
Gloria Posted November 4, 2016 Report Share Posted November 4, 2016 The EUR/USD seems to be right in the moment of making a pivot and it seems to be the perfect moment for us to open a sell. Link to comment Share on other sites More sharing options...
Gloria Posted November 4, 2016 Report Share Posted November 4, 2016 The EUR/JPY gives a good chance to scalpers to earn a lot of money and my next step here is to open a short-term sell. Link to comment Share on other sites More sharing options...
analyst75 Posted November 6, 2016 Author Report Share Posted November 6, 2016 Weekly Trading Forecasts on Major Pairs (October 7 - 11, 2016) Here’s the market outlook for the week: EURUSD Dominant bias: Bullish From the weekly low of 1.0935, this pair went upwards by over 200 pips, to close above the support line at 1.1100 on Friday. Price is now close to the resistance line at 1.1150, and a breach of that resistance line would enable price to go towards another resistance lines at 1.1200 and 1.1250. As long as the support line at 1.1000 is not broken to the downside, the bullish signal, which has formed in this market, would remain valid. USDCHF Dominant bias: Bearish USD/CHF was unable to go above the psychological level at 1.0000. An attempt to do that on October 25 was quickly forestalled – even before that psychological level was even tested. It has been mentioned that failure to breach the level might result in a serious pullback, and that was exactly what happened. Price pulled back significantly last week, to close below the resistance level at 0.9700 on Friday. This 210-pip bearish movement has resulted in a Bearish Confirmation Pattern in the market and further price decline is a possibility this week (unless USD gathers some stamina). GBPUSD Dominant bias: Bullish Following a few weeks of consolidation, GBPUSD rallied massively last week. Price went upwards 370 pips, to test the distribution territory at 1.2550. The bias has already turned bullish in the short term (though it would take another 1000-pip movement to the upside, before the bias on the daily chart can turn bullish). Right now, there is a strong buying pressure in the market and this should continue this week. Unless USD gathers lots of stamina, bulls would be able to reach the distribution territories at 1.2650, 1.2700 and 1.2750. USDJPY Dominant bias: Bearish USDJPY consolidated on Monday and then plummeted on Tuesday. While going south, the demand level at 102.50 was almost tested, and this has brought an end the recent bullish bias. The demand level at 102.50 would eventually be tested, and probably breached to the downside. However, there is also a possibility that JPY pairs would make some bullish attempts this week, which could also be reflected on USDJPY. EURJPY Dominant bias: Bullish This trading instrument did not move very much last week. Unlike USDJPY, it was engaged in a slight bearish correction in the middle of last week; and the corrective actiion was ended on Friday as the market closed on a bullish note. This week, whatever happens to EUR would have some impact on the market. Before the end of the week, price would have gone either above the supply zone at 115.50 or below the demand zone at 113.50. This forecast is concluded with the quote below: “I'm a full time trader. Nothing else…For all of you guys that think trading full time isn't possible, well I'm here to tell you it is. I actually met another full time trader the other day at the basketball court (trading for 20 years) and he trades millions of dollars. So I don't understand why people think that trading full time a myth...” – MarketAddict (Source: Elitetrader.com) Source: www.tallinex.com Link to comment Share on other sites More sharing options...
Gloria Posted November 9, 2016 Report Share Posted November 9, 2016 The EUR/USD is going down as fast as it has flown before. I think it's time for us to sell. Link to comment Share on other sites More sharing options...
analyst75 Posted November 12, 2016 Author Report Share Posted November 12, 2016 Weekly Trading Forecasts on Major Pairs (October 14 - 18, 2016) Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair started a bearish movement on Monday, which was briefly interrupted by a massive rally, caused by the U.S. presidential elections results. Price rallied 280 pips on Wednesday and started coming down that day, forming a Bearish Confirmation Pattern in the market. The support line at 1.0850 is almost being breached to the downside. While the support lines at 1.0850 and 1.0800 could be breached this week, there is also a possibility of rallies in the market (especially when USDCHF pulls back again). USDCHF Dominant bias: Bullish USDCHF moved sideways on Monday and Tuesday, and plunged seriously on Wednesday, November 9. The bearish plunge was quickly recovered as price rallied massively 290 pips that day, from a low of 0.9549, leading to a bullish signal in the market. Price could now target the resistance level at 0.9900, 0.9950 and lastly, 1.0000. However, a great challenge remains at the resistance level at 1.0000, which is a psychological level. In case price is unable to go above that psychological level, there could be a clear bearish correction. GBPUSD Dominant bias: Bullish Cable remains bullish in the near term, and bearish in the long term. The market is quite choppy, having consolidated from Monday to Thursday (in the context of a near-term uptrend), and then going upwards vividly on Friday. Further upward movement is anticipated this week, as the bias on the market remain bullish. The distribution territories at 1.2650, 1.2700 and 1.2750 may be targeted this week. The distribution territory at 1.2650 was tested last week, and it could be tested again, and a northward movement of 500 pips more, would cause a bullish signal in the daily chart also. USDJPY Dominant bias: Bullish As it was forecast last week, JPY pairs really made bullish attempts. The bullish journey started on Monday and it was briefly interrupted on Wednesday as there were temporary massive sell-offs on USDJPY. Price plunged by roughly 400 pips on Wednesday and rallied on the same day, plus Thursday, and consolidated on Friday. The market is currently above demand levels at 106.00 and 106.50, targeting the supply levels at 107.00, 107.50 and 108.00 this week. The outlook on most JPY pairs remains bullish for this week (with possible exceptions of AUDJPY and NZDJPY). EURJPY Dominant bias: Bullish The movement on this currency trading instrument was not as strong as that of USDJPY. The market is quite choppy while the outlook on it remains bullish. Should EUR gather some stamina this week, there could be more predictable bullish movement. Initial targets on the upside are the supply zones at 116.50 and 117.00. For price to go above these targets, persistent buying pressure is needed. This forecast is concluded with the quote below: “Take every trade that the system generates because you do not know where the returns are going to be generated.” – Chris Tate Source: www.tallinex.com Link to comment Share on other sites More sharing options...
Gloria Posted December 9, 2016 Report Share Posted December 9, 2016 The EUR/JPY was going higher and higher, but now it seems to have started making the pivot and I'll open a sell here today with a wide SL. Link to comment Share on other sites More sharing options...
analyst75 Posted December 18, 2016 Author Report Share Posted December 18, 2016 Weekly Trading Forecasts on Major Pairs (December 19 - 23, 2016) Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD trended downwards last week, just as it was expected. Price moved sideways from Monday till Wednesday, when it started dropping further downwards. The support line at 1.0400 was tested, and although price closed above it, it would be tested again. The outlook on EURUSD is bearish for this week. So we may see further bearish movements which may enable price to break the support lines at 1.0400, 1.0350 and 1.0300 to the downside. Eventually, EUR might reach parity with USD. USDCHF Dominant bias: Bullish In exact opposite manner to EURUSD, this market underwent a shallow bearish retracement within December 12 and 14. Price went up significantly on December 14, moving briefly above the resistance level at 1.0300, and later closing below it. USDCHF would continue to make rally attempts, though it would come across some challenges this week. While bearish corrections could be contained around the support levels of 1.0050 and 1.0000, the resistance levels at 1.0300 and 1.0400 would be the targets for this week. GBPUSD Dominant bias: Bearish This market consolidated on Monday and Tuesday, to drop southward on Wednesday, according to forecast last week, in the context of a downtrend. The accumulation territory at 1.2400 has been tested again and again, but there is a considerable amount of opposition to the bearish movement, around the accumulation territory. Price would go below it this week, owing to the fact that the bias on GBPUSD (as well as some GBP pairs), remains bearish for this week and for the rest of this month. Price would still go downwards by a minimum of 300 pips before the end of this year. USDJPY Dominant bias: Bullish According to last week analysis, this trading instrument went upwards 300 pips last week, after moving sideways on Monday and Tuesday. Since November 9, price has trended northwards more than 1700 pips; and the northward movement could continue this week. There is Bullish Confirmation Pattern in the market and the supply levels at 118.50 and 119.00 may be tested this week. As from now on, the movements on JPY pairs would be determined by strength of individual currency, not the weakness in Yen. This means USDJPY could rally further while GBPJPY could plummet. EURJPY Dominant bias: Bullish There are going to be serious movements in the JPY markets this week (while next week would be quiet), and EURJPY would not be an exception. This is a bull market, and while there may be occasional pauses and consolidation along the way, there could be further bullish movement. However, the ongoing weakness in EUR could scuttle this expectation. As long as price does not cross the demand zone at 121.00 to the downside, the bullish bias would hold. This forecast is concluded with the quote below: “In order to taste success in the trading market, you'll need to develop really simple strategies. You're likely to take trading decisions in a more confident way, remain headstrong and gain more winning opportunities when you follow some really simple strategies.” - Sean Lee Source: www.tallinex.com Link to comment Share on other sites More sharing options...
Gloria Posted January 9, 2017 Report Share Posted January 9, 2017 The EUR/JPY went up so fast and now it seems to go almost flat, so I'm going to give it up for a while and wait for better opportunities. Link to comment Share on other sites More sharing options...
Gloria Posted January 31, 2017 Report Share Posted January 31, 2017 The EUR/JPY seems to have formed quite a strong resistance and now it will only go down I guess. So we'd better join the bears. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.