Generalized Forex Forecast for 01 – 05 August 2016

First, a review of last week’s forecast:
– as to EUR/USD one alternative forecast suggested that the pair would move in a sideways channel with the support of 0.9550 and the pivot point of 1.1000. The United States Federal Reserve Interest Rate Decision and the corresponding statements, due to be...
Generalized Forex Forecast for 01 – 05 August 2016
#Uncategorized
Usman
Forex News

USDJPY could test 102 support

Daily Forex Market Preview, 29/07/2016
The Japanese yen strengthened sharply this morning after the BoJ’s policy fell short of market expectations. With USDJPY trading near the support zone, the declines are limited to 102 lows. Later this afternoon, the US advance GDP estimate is due which c...
USDJPY could test 102 support
#Uncategorized
Usman
Forex News

FOMC hangover to prevail, dollar pulls back

Daily Forex Market Preview, 28/07/2016
The US dollar weakened yesterday after the release of the FOMC statement which saw the Fed keep its outlook intact from June. Despite a minor rally, the dollar soon gave back its gains. Expect a near term weakness in the US dollar which should see the euro...
FOMC hangover to prevail, dollar pulls back
#Uncategorized
Usman
Forex News

UK advance GDP, FOMC, key market movers today

Daily Forex Market Preview, 27/07/2016
After a rather flat two days with no main fundamentals to go by, the markets will be looking to a busy day with the European session focusing on the UK’s Q2 GDP number while later in the day, the NY session will see the release of the FOMC statement which o...
UK advance GDP, FOMC, key market movers today
#Uncategorized
Usman
Forex News

USDJPY trims gains. Support seen at 104 - 103

Daily Forex Market Preview, 26/07/2016
A fairly quiet Monday saw USDJPY retreating from its recent highs ahead of the big events this week. USDJPY has retraced its gains and now trades just above the support level of 104. The markets look to another slow day today with no major events on the...
USDJPY trims gains. Support seen at 104 - 103
#Uncategorized
Usman
Forex News

Dollar supported, heading into FOMC

Daily Forex Market Preview, 25/07/2016
A quiet economic calendar today ahead of the FOMC and BoJ meetings this week could keep prices fairly flat. The US dollar looks well supported moving into the FOMC meeting first which could keep the euro subdued. But with price consolidating within the...
Dollar supported, heading into FOMC
#Uncategorized
Usman
Forex News

Generalized Forex Forecast for 25 – 29 July 2016

First, a review of last week’s forecast:
– as to EUR/USD, the majority of experts believed that the pair would continue moving in a sideways channel. This prediction may be deemed as panned out, if we consider the month range of 1.0970–1.1180, at which the pair appeared to stall after Brexit. Wi...
Generalized Forex Forecast for 25 – 29 July 2016
#Uncategorized
Usman
Forex News

Generalized Forex Forecast for 18 – 22 July 2016

First, a review of last week’s forecast:
– as to EUR/USD, the forecast for this pair may be considered only partly fulfilled – the experts reckoned that the pair would move in a sideways channel, but only after its sliding down, as a result of which the level of 1.1050 should act as the resis...
Generalized Forex Forecast for 18 – 22 July 2016
#Uncategorized
Usman
Forex News

EURUSD remains supported above 1.110

Daily Forex Market Preview, 15/07/2016
The Bank of England’s decision to hold monetary policy steady saw the GBP surge against the US dollar, clearing 1.32 with 1.36 now coming into focus. EURUSD’s price remains broadly flat but with the 1.110 resistance being cleared; we could expect to see an e...
EURUSD remains supported above 1.110
#Uncategorized
Usman
Forex News

BoE weighs on GBP. EURUSD could pop to 1.120

Daily Forex Market Preview, 14/07/2016
The British pound is likely to come under pressure today as the Bank of England is expected to cut interest rates by 25bps, a close call which could go either way. GBPUSD remains supported above 1.30 for now. EURUSD has formed an inverse head and shoulders...
BoE weighs on GBP. EURUSD could pop to 1.120
#Uncategorized
Usman
Forex News

US dollar expected to trade within 102 - 105

Daily Forex Market Preview, 13/07/2016
GBPUSD and the USDJPY rallied yesterday, breaching $1.32 and 104Yen respectively as noted in yesterday’s commentary. Price action is likely to pause in the near term as investors wait for more clues. USDJPY is seen trading within 102 – 105 levels, while GBP...
US dollar expected to trade within 102 - 105
#Uncategorized
Usman
Forex News

GBPUSD moving closer to test 1.32. USDJPY aiming for 104

Daily Forex Market Preview, 12/07/2016
Political developments in Japan and the UK saw the respective currencies react in the positive. While the GBP managed to close bullish on news that Theresa May is likely to be the new PM, the Japan elections have boosted hopes for fiscal stimulus and...
GBPUSD moving closer to test 1.32. USDJPY aiming for 104
#Uncategorized
Usman
Forex News

GBPUSD could retrace to 1.32 ahead of an important week

Daily Forex Market Preview, 11/07/2016
GBPUSD is likely to see a retracement back to 1.32 level ahead of the inflation report hearing and the BoE meeting this week. The falling wedge pattern on the 4-hour chart is indicative of a short term correction to the upside with 1.32 level in focus...
GBPUSD could retrace to 1.32 ahead of an important week
#Uncategorized
Usman
Forex News

Generalized Forex Forecast for 11 – 15 July 2016

First, a review of last week’s forecast:
– as to EUR/USD, the forecast for this pair may be considered as 100% fulfilled. As a reminder, based on the readings of the graphical analysis a sideways trend within the range of 1.1035–1.1180 was indicated as the main scenario. Indeed, the pair was keep...
Generalized Forex Forecast for 11 – 15 July 2016
#Uncategorized
Usman
Forex News

June 2016: TOP 10 Trading Signals Viewed by Analyst of NordFX

We continue posting ratings of MQL5 trading signals, which you can easily subscribe to using the tab ‘Signals’ at the bottom of terminals МТ4 and МТ5. As a reminder, this service is a very effective substitute of your own trading – manually or with the help of the advisors. The main difficu...
June 2016: TOP 10 Trading Signals Viewed by Analyst of NordFX
#Uncategorized
Usman
Forex News

GBPUSD could test 1.32 on the descending wedge

Daily Forex Market Preview, 08/07/2016
Markets were trading cautiously yesterday after the initial positive sentiment flipped led by declines in Oil. ADP payrolls report yesterday showed 172k jobs being added to a better than expected jobless claims as well, feeding the optimism into...
GBPUSD could test 1.32 on the descending wedge
#Uncategorized
Usman
Forex News

USDJPY aiming for 102 followed by 105

Daily Forex Market Preview, 07/07/2016
The US dollar gave back most of its gains yesterday, but price action is likely to be supported to the upside in the near term. While the euro remains caught within 1.115 levels, the bias is increasingly turning bearish. For the USDJPY, early price action...
USDJPY aiming for 102 followed by 105
#Uncategorized
Usman
Forex News

EURUSD eyes 1.07 on a breakout below 1.10

Daily Forex Market Preview, 06/07/2016
Risk aversion resumed after the US returned from holiday with investor sentiment turning sour after a third real estate fund suspended trading after an increase in investor redemptions. Sterling slumped as expected, fueled by BoE lowering capital buffer...
EURUSD eyes 1.07 on a breakout below 1.10
#Uncategorized
Usman
Forex News

EURUSD likely to test 1.110 for support

Daily Forex Market Preview, 05/07/2016
EURUSD is retesting the 1.110 level for support ahead of what could be the next leg up to test the 1.120 level. USDJPY has turned bearish and is seen paring gains with support at 102, a break below which could accelerate further declines. Gold prices remain...
EURUSD likely to test 1.110 for support
#Uncategorized
Usman
Forex News

Gold hits 1350 as expected

Daily Forex Market Preview, 04/07/2016
Gold prices rallied early today testing the 1350 resistance as noted over the past few days. Further upside is likely to continue if price clears the 1350 handle which could keep gold testing 1371.90. EURUSD is also inching higher having cleared 1.110...
Gold hits 1350 as expected
#Uncategorized
Usman
Forex News

Generalized Forex Forecast for 04 – 08 July 2016

First, a review of last week’s forecast:
– as to EUR/USD, those 20% of analysts, suggesting the gradual rise of the pair, alike the rise of USD/CHF after the ‘Black Thursday’ as of 01/15/2015, turned out to be right. At least, over the past week the pair regained nearly 150 points and wrapped up ...
Generalized Forex Forecast for 04 – 08 July 2016
#Uncategorized
Usman
Forex News

British pound gives back gains on Carney’s comments

Daily Forex Market Preview, 01/07/2016
The British pound fell yesterday evening sharply after comments of rate cuts and QE from BoE’s Carney. The euro also came under pressure giving back some of the gains made from earlier this week. The markets remain in a consolidation phase following the s...
British pound gives back gains on Carney’s comments
#Uncategorized
Usman
Forex News