Forex Bull

Hi traders – here’s the video for the weekend.

EURJPY Forecast The EURJPY made indecisive movement on Friday by opened and closed at almost the same price. On h4 chart below we can see that the minor bullish channel has been violated to the upside indicating potential downside pressure testing the trendline support. Immediate support is seen at 133.60.

USDCAD stays in a trading range between 1.1221 and 1.1448. The price action in the trending range is treated as consolidation of uptrend from 1.0784, and further rally is still

USDCHF Daily Forecast After corrected higher on Thursday, the USDCHF had a moderate bearish momentum on Friday. However on h4 chart below we can see that the pair still trapped in triangle area so I think we are still in no trading zone unless we have breakout/breakdown from the triangle.

USDJPY Daily Forecast The USDJPY failed to continue it’s bullish correction on Friday. The pair attempted to push higher, topped at 97.16 but further bullish momentum was rejected as the pair whipsawed to the downside, hit the low at 95.99 and closed at 96.16. In nearest term, as long as the pair stay below 97.20/60 resistance area, expect further downside pressure testing the support trendline (see the h4 chart below)

GBPUSD Daily Forecast Similar to EURUSD, the GBPUSD also had indecisive movement last week. The pair attempted to push higher on Friday, topped at 1.6559 but we have not seen convincing upside movement yet as the pair now traded below 1.6505 area. However we still have valid minor bullish channel on h1 chart

Hey everyone, for today’s London outlook I analyze the Euro and the Pound Yen. Most currency crosses and been volatile but essentially range bound, I expect resolution to these ranges early this week. With this in mind I have built a few breakout trade plans for the Euro and Pound Yen. I make use of [...]

Forex traders found that most of the major currencies were restricted to ranges last week, but with a flurry of US growth indicators due to be released and a rate decision by the Federal Reserve expected to be announced, increased US dollar volatility could ignite some breakouts.

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