Jump to content

Fresh Forex forecast


Recommended Posts

24gr57d.png

Seems only a JPY led move, not only in this pair but other core pairs too which say yen put some modest fight trying to recover the relentless losses. This was quite expected as you can’t go forever in the same direction for long; there would be some decent pullbacks too. But as such would depend on factors affecting it! Looking forward got to see how the global growths and any shock affect it!

Link to comment
Share on other sites

  • Replies 116
  • Created
  • Last Reply

Top Posters In This Topic

349794w.png

A nearly 150 pips down marked this pair for the week which might have caught in the cross fire of USD and JPY whose demands were quite high at various time of the week. Overall in downtrend for now but real clues would come on how the USD behaves post rate hike and what actions the new government in USA takes! There might be consolidation period for few weeks.

Link to comment
Share on other sites

35bh1jp.png

OHLC for the week was 1.0265, 1.0321, 1.0219 and 1.0266; so such marked volatility in either direction. Coming week is going to be dull with very thin trading volume as big traders would be mostly away and there would not be much movement with much reduced liquidity too! Trading would become active from Jan 2017 when a new government would be in place at month end and we could come to know their policies and whether they take real action or talk just hot air!

Link to comment
Share on other sites

  • 3 weeks later...

Possible triple top formation

12 January 2017, EUR/USD

 

 

Possible triple top formation

Wave Analysis:

Yesterday, instead of going short as forecasted, the pair retraced to the upper side and is currently in a process of a triple top formation with the top being around 1.06122. We expect a possible bearish rebound from this level to culminate into a bearish wave count towards 1.054 or even lower to 1.0389. Buy positions may only be reconsidered above the previous day's highest high. Expect a similar wave count in GBPUSD, NZDUSD, AUDUSD and EURHKD. These pairs have a strong positive correlation of up to +0.86% and will have a similar price action during this intraday. Only buy or sell euro if the other pairs are giving the same signal.

Trade Recommendations:

Expect a possible rebound around 1.06122 to go short with an ideal target at 1.05405. Buy positions are only recommended above 1.062
Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_84580.html

Link to comment
Share on other sites

  • 2 weeks later...

Euro bound within the range 1.0722-1.0771

26 January 2017, EUR/USD

 

 

Euro bound within the range 1.0722-1.0771

Wave Analysis:

Following the break above 1.0712, Euro entered into a consolidation not going above 1.0771 or below 1.0712. As long as this pair trades within this equilibrium zone, we choose to trade reversals from from these levels. Any clear break breakout above this zone will mean we're continuing long with impulsive wave (5) towards 1.084 while a break below 1.0712 may invalidate the anticipated upward rally and could push the price lower to 1.06177 or even lower to 1.0548. A clear break above 1.0771 in the EURUSD chart will mean a break below 112.54 in the USDJPY chart. These two pairs, eurusd & usdjpy, have a strong negative correlation and will have an exact opposite price action during this intraday. Only buy or sell euro if usdjpy is giving you an exact opposite signal.

Trade Recommendations:

Expect a possible break above 1.0771 to go long with an ideal target at 1.084
Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_84745.html

Link to comment
Share on other sites

  • 2 weeks later...

Looking to rebuy the green candle

09 February 2017, EUR/USD

 

 

33b3b7e3a5d46506856567a387afeda0.png

Wave Analysis:

Yesterday, Euro made a fresh weekly low of 1.06393 but ended up closing at 1.06968, just a few pips above our weekly pivot level 1.06664. Since the previous week's candle was a perfect bullish engulfing candle along a key pivot level 1.06664, we expect an acceleration to the upper side as long as the pair remains above this pivot level. Thus, we'll remain long with our first target at 1.07522, any clear breakout above this level will push the price further to the upper side towards 1.1059 or even higher. Expect a similar wave count in GBPUSD. These pairs will have a similar price action during this intraday.

Trade Recommendations:

As long as the pair remains above 1.06664, look for potential long positions with the first target at 1.07522. Any breakout above this target will push the price further to the upper side towards 1.1059.
Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_84887.html

Link to comment
Share on other sites

usdjpy-d1-instaforex-group.png

USD/JPY as we see on SAR is setting up for new bullish trend, but it’s too early to know about the strength of this. But, it won’t be bad time to give this trade an entry with sharp SL; it could work wonders, but good only if we have the right measurements for the risk potion.

Edited by Josheb Fredy
Link to comment
Share on other sites

  • 2 weeks later...

Euro above 1.0576

28 February 2017, EUR/USD

 

 

Euro above 1.0576

Wave Analysis:

Despite our expectations to continue short short, euro retraced higher and even ended up above 1.05765. The current chart set up and structure is pretty much bullish and will likely push the price further to the upper side towards 1.06717 but should not go beyond 1.07552. A break above 1.07552 will push the price further to the upper side towards 1.08717. This view can only be rendered futile in case the pair end up below 1.05765, if this case, then an acceleration to the lower side is inevitable. This pair should be traded alongside GBPUSD, NZDUSD, and GBPHKD. These pairs have a strong positive correlation of up to +89% and will have a similar price action during this intraday.

Trade Recommendations:

Expect a possible bullish price movements towards 1.07552.
Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_85123.html

Link to comment
Share on other sites

  • 1 month later...

Euro still short but should retrace up to 1.06976

05 April 2017, EUR/USD

 

 

Euro still short but should retrace up to 1.06976

Wave Analysis:

Instead of going short as previously forecasted, euro continues to retrace to the upper side but should not go beyond 1.06976 from where we'll be looking to pick low risk sell opportunities. A break above 1.06979 will mean we're waiting for further bullish price movements towards 1.07373 from where we'll be expecting a possible rebound to go short. The anticipated sell positions should be the continuation of the impulsive wave (c) but should not go beyond 1.06194. The entire downward rally can only be invalidated in case the price end up above 1.07373, if this is the case, then an acceleration to the upper side will be inevitable. Expect a similar retracement in EURAUD, EURCAD and GBPUSD. These pairs will have a similar price action during this intraday.

Trade Recommendations:

We're waiting for a clear rebound around 1.06976 or 1.07373 to pick sell orders with an ideal target at 1.06194.
Check the website for more information: https://freshforex.com/analitics/fresh-forecast/forex-correlation-and-Elliott-wave-analysis/issue_85613.html

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...