Tag Archives: forex

4 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1898 €/Usd had a choppy session on Friday with most of the volatility seen after the Flynn/White House story. US Politics and the EU Sentix Investor Confidence Survey/US Factory Orders will provide the direction today. The passing of the US tax bill on Saturday may provide some early support for the dollar. 1 hour/4 hour indicators:… Read More »

1 Dec: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1899 EurUsd is higher on Friday after having bounced off the rising trend support but has been unable to hold on to its highs at 1.1931 and is closing back below 1.1900. Further choppy trade above 1.1800 looks likely. 1 hour/4 hour indicators: Mixed Daily Indicators: Up Weekly Indicators:  Neutral Preferred Strategy:  The dailies remain constructive… Read More »

30Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1853 EurUsd is unchanged on Thursday after having bounced off rising-trend support, and a similar session looks possible today although a big day of data may produce plenty of volatility. OPEC, EU CPI, US Personal Consumption/Expenditure in focus. 1 hour/4 hour indicators: Mixed Daily Indicators: Up – Possible topping formation. Weekly Indicators:  Neutral Preferred Strategy:  Another… Read More »

29 Nov: Forecast: FX: US$/Majors + trade ideas

  EURUSD: 1.1844 EurUsd has drifted lower, accelerating late in the day as it came under pressure from the move in EurGbp on the back of the Brexit headlines. Currently sitting towards the 1.1825 session low, the short term momentum indicators hint at further losses to come, although the dailies still look constructive. If we do head lower,… Read More »