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  1. #1
    Senior Investor itu's Avatar
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    Default Weekly Trading Forecasts for Major Pairs (December 17 - 21, 2018)

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    This is a bear market, although the bearishness is not that strong. Price has been going downwards gradually, targeting the support lines at 1.1300, 1.1250 and 1.1200. These targets may be reached soon, but price may not go seriously below them as a strong reversal is expected to happen anytime, which will accompany some form of weakness in USD. This is what might bring about a bullish bias.

    USDCHF
    Dominant bias: Bullish
    USDCHF is bullish in the long-term, and neutral in the short-term. Nonetheless, looking more closely, it is revealed that price is a kind of rising gradually, and generating a “buy” signal, which would eventually become significant in case the market continues moving upwards. A meaningful bearish movement cannot be seen unless there is a considerable amount of loss on Greenback stamina.

    GBPUSD
    Dominant bias: Bearish
    There is a Bearish Confirmation Pattern on the Cable as bears continue to frustrate bulls’ effort to reverse the trend and push price upwards. Apart from Brexit and political news surrounding the UK, the US dollar stamina is preventing the market from going upwards. Once bears give way, there may be a significant rise in the market. Right now, the bearish bias remains in place and long positions are not currently recommended.

    USDJPY
    Dominant bias: Bullish
    This currency trading instrument is bullish in the long-term, and neutral in the short-term. The bullishness is not that great as there has not been a significant directional movement in the market. A rise in volatility remains a possibility before the end of this week or next week. Further movement to the upside will result in more emphasis on bullish outlook while a significant drop from here would result in a bearish outlook.

    EURJPY
    Dominant bias: Neutral
    The bias on this cross is generally neutral, as there has not been a significant directional movement for the past several weeks. It is possible that this neutrality would continue until the end of this year because trading activity is expected to thin out (unless there is a breakout between this week or next). For the neutrality to end, price would need to go above the supply zone at 131.00 or below the demand zone at 125.00, and this will no doubt, require a strong bullish momentum.


    GBPJPY
    Dominant bias: Bearish
    There is a confirmed bearishness (Bearish Confirmation Pattern) on this cross, because of the weakness in GBP. This trend will continue until it is clear that things are no longer bearish. That will be this week or next, and before that happens, there could still be at least, a movement of about 200 pips towards the south.

    This forecast is concluded with the quote below:

    “However, if a trading strategy has been proven to work over the long run, with a quality risk to reward profile, it needs to be adhered to no matter the way trades play out. Ask yourself a question: is it the trading strategy producing the results or the trader producing the results?” – Sam Evans


    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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    I am quite satisfied with my broker. why I am a successful broker now the credits go to my broker FXPremax broker. This is the broker who are very transparent with their activities. They provide instant execution, good leverage to promote the capital and all time customer support. Till now I didn't face any trading issues and didn't lose money yet because of my broker. A trader can be very happy to work with them.

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    I am a forex trader and for this, I feel that the forex business is very profitable for traders. But everything to do with learning and high spirits. I am very lucky to select Bprimes as a reliable trading broker which for all time providing all successful trading tips with essential terms and conditions by their educational section which is very supportive to reduce loss with certainly. My fund is safe with them.

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    First of all, you must ensure that the broker always guarantees the lowest trading spreads if you want to get the most out of your trading. I have used AAFX which is a true ECN execution platform and flexible trading spreads all the while ensuring from pips that it is very conducive to making a good profit with certainly and that is why from my first day of trading I am with them.

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