Please visit our sponsors

Rolclub does not endorse ads. Please see our disclaimer.
Results 1 to 2 of 2
  1. #1
    Senior Investor itu's Avatar
    Join Date
    Aug 2016
    Feedback Score
    Thanked 0 Times in 0 Posts

    Default Weekly Trading Forecasts for Major Pairs (September 11 - 15, 2017)

    Here’s the market outlook for the week:

    Dominant bias: Bullish
    The pair went upwards last week, gaining about 200 pips. Price moved briefly above the resistance line at 1.2050, and then closed below it on Friday. There is a strong bullish outlook on EUR pairs this week, and therefore, the pair is supposed to continue to go upwards, gaining at least, another 200 pips. There would be pauses and occasional corrections along the way, but the movement this week would generally be bullish.

    Dominant bias: Bearish
    USDCHF is bearish, both in the long-term and the short-term. Price went downwards by 150 pips, tested and breached the resistance level at 0.9450. The pair is now under the resistance level at 0.9450, targeting the support levels at 0.9400, 0.9350 and 0.9300. USDCHF cannot be expected to rally meaningfully as long as EURUSD is strong. Therefore, the bias is bearish for this week, and long trades are not currently rational.

    Dominant bias: Bullish
    GBPUSD has become bullish after rallying by more than 280 pips last week, testing the distribution territory at 1.3200, and closing slightly below it. There is a Bullish Confirmation Pattern in the market and price is thus expected to continue going upwards this week, reaching the distribution territories 1.3250, 1.3300 and 1.3350. These distribution territories may even be exceeded as price moves further upwards.
    Dominant bias: Bearish
    This currency trading instrument dropped about 210 pips last week, testing the demand level at 107.50 and closing above it. Since the high of July 11, price has dropped 660 pips and there is much room to drop more. Nonetheless, the outlook on JPY pairs is bullish for this week, and while the demand levels at 107.00, 106.50 and 106.00 could be reached, there is also a high possibility of a strong rally before the end of the week.

    Dominant bias: Neutral
    Unlike USDJPY, this cross rather consolidated last week, refusing to assume a bearish movement. One reason behind this is the fact that EUR is strong in its own right and its strength versus strength of JPY are almost equal (hence the short-term equilibrium phase in the market). Price is going to move out of balance this week, as JPY becomes weaker eventually, allowing this cross to rally massive before the end of the week.

    Dominant bias: Bearish
    This trading instrument is bearish in the long-term, but neutral in the short-term. Price has done nothing except to zigzag upwards and downward. The market environment is quite choppy and it would be better to wait until it either goes above the supply zone at 142.60 (staying above it); or it goes the demand zone at 141.10 (staying below it). Until one of these two conditions are met, price would remain directionless in the short-term. The most probable direction this week is towards the north.

    This forecast is concluded with the quote below:

    “How often you win isn’t important. How much you win is.” – Rayner Teo

    Buy and sell Perfect Money/Payeer/Epay/Neteller/Skrill:

  2. Sponsored Links
  3. #2
    Join Date
    Jun 2017
    Feedback Score
    Thanked 0 Times in 0 Posts


    In forex trading another important consideration for novice trader is the training provided by forex broker. For me AGEA is best for training. They will provide a combination articles, ebooks, videos, e-courses, webinars and seminars free of charge of course. They have advanced interactive video lessons, by watching those videos tutorials anyone can understand easily about forex trading and how to trade. Trading with them offer you 24/7 multi-lingual phone support and live chat.

  4. Sponsored Links

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Share |