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  1. #1
    Senior Investor itu's Avatar
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    Default Weekly Trading Forecasts for Major Pairs (October 27 - November 2, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    EURUSD is in a bearish trend – which started about 2 weeks ago. Price went downwards by roughly 160 pips last week, having gone down by 250 pips since October 15. Further bearish movement is anticipated, that would move price towards the support lines at 1.1350 (which was previously tested and will be tested again), 1.1300, and 1.1250. However, a very strong selling pressure is needed to break the support line at 1.1250 to the downside.

    USDCHF
    Dominant bias: Bullish
    There remains a Bullish Confirmation Pattern on USDCHF, which has been in place for at least, 4 weeks. Since the current bullish movement began in September 21, price have moved forwards by about 470 pips. Last week, there was no significant bullish movement, and price closed on a bearish note on Friday, which was presumed to be a temporary reversal in the context of an uptrend. The bullish journey is expected to resume soon.

    GBPUSD
    Dominant bias: Bearish
    The movement on Cable is nearly similar to the movement on EURUSD – the only difference being that the movement on the former is faster than the movement on the latter. Since October 12, price has dropped at least, 450 pips, as the market makes high lows and lower lows. Higher lows allow traders to enter short at better prices, and it is a pattern that is expected to continue as Cable targets the accumulation territories at 1.2800, 1.2750 and 1.2700.

    USDJPY
    Dominant bias: Bearish
    The market is bearish, especially in the short-term; and in spite of bulls’ effort, a bearish signal has already been generated and this will become more significant as the market goes further southwards (a trend that is expected this week and next week). There would be pauses and transitory rallies on the way, but the demand levels at 111.50, 111.00 and 110.50 would be reached.

    EURJPY
    Dominant bias: Bearish
    This is a classic example of a bearish movement. Since September 21, price has dropped roughly 600 pips, thus giving a rise to a strong Bearish Confirmation Pattern. The market will continue its drop this week, as JPY continues to exert its energy. There is going to be lots of opposition to the bearish trend once price reaches the demand zone at 126.50, nonetheless. But with enough selling pressure, the demand zone will be breached to the downside.

    GBPJPY
    Dominant bias: Bearish
    There was a massive drop on the GBPJPY, which happened last week, and which ended the protracted ranging movement that was seen in the latter part of September 2018 and the early part of October 2018. The last week drop was over 400 pips, as the weakness in GBP was too favorable to the stoing JPY. Price closed on a bearish note on Friday, following some shallow upwards bounces. Further drop of at least, 250 pips is anticipated this week.

    This forecast is concluded with the quote below:

    “Markets go up and markets go down. Sometimes they go up a lot and sometimes they go down a lot.” – Chris Tate

    Source: www.tallinex.com
    Buy and sell Perfect Money/Payeer/Epay/Neteller/Skrill: www.ituglobalfx.com.ng

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  3. #2
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    Alcune regole devono essere seguite per ottenere successo nel business forex. Il commerciante ha sempre bisogno di mantenere la pazienza. Anche una buona piattaforma di trading è molto importante per ottenere buoni risultati. Ho selezionato TradesFX per la mia attività commerciale. Il buon trading potrebbe non venire sempre. Il commerciante deve aspettare quel momento a lungo. Un'altra cosa più importante è la disciplina. Aiuta un commerciante a non essere avido. Sono le peggiori caratteristiche degli umani che rovinano la loro vita.

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    The error is a common inclination for traders that is made by experienced and inexperienced operators. But the difference is that experienced traders learn from the error, while novice traders can't do it and that's why they mostly fail. The big mistake is made while the broker chooses. But I did the job successfully by choosing an AAFX broker that offers me a wide range of deposit bonuses, high trading leverage, narrow trading spreads, faster execution and no activation costs.

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