Forecasts & Analysis | Forex, Page 15

  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Weekly Price Forecast – British pound continues to soften

    The British pound initially tried to rally during the week but gave back most of the gains to reach down towards the ¥138 region. That is a major support level, and I fully anticipate that it should hold the market, at least temporarily.

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Weekly Price Forecast – Euro looking to find a bottom

    The Euro initially fell during the week but found enough support near the 1.11 level to turn around and bounce rather significantly. By forming the hammer on the weekly chart, this does suggest that we are trying to find a bottom.

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Weekly Price Forecast – Australian dollar stabilizes

    The Australian dollar has stabilized a bit during the week, essentially printing a neutral candle stick. While this isn’t necessarily a sign that you should be buying, it is rather interesting because it forms a bullish harami. This is a candlestick pattern that is relatively rare.

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – US dollar stabilizes

    The US dollar stabilized against the Japanese yen during the trading session on Friday, as we continue to hover around the 109.70 level. This is a market that is highly sensitive to risk appetite, that tends to correlate quite nicely with the S&P 500.

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Price Forecast – British pound gives up gains

    The British pound initially tried to rally during the trading session on Friday but gave back quite a bit of the gains. Perhaps this move was in reaction to the fact that Theresa May has finally said when she is leaving. At this point in time though, the 1.27 level

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Price Forecast – British pound gives up gains

    The British pound has initially tried to rally during the trading session on Friday but has given back quite a bit of the gains as more of a “risk off” attitude has creeped back into the markets.

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Price Forecast – Euro tests major resistance barrier

    The Euro rallied a bit during the trading session on Friday, reaching towards the 1.12 level. This begins a significant resistance barrier extending all the way to the 1.1250 level. With that in mind, even though things look very bullish I suspect that sellers could step in soon.

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Price Forecast – Australian dollar continues to grind

    The Australian dollar went back and forth during the trading session on Friday, as we continue to see a lot of back-and-forth banter between the Aussie in the US dollar. Remember that this pair is highly sensitive to the US/China trade relations, and therefore it’s difficult to imagine that we

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  • Nikhil Khandelwal
    Nikhil Khandelwal

    USD/CAD Daily Forecast – Loonie Make a Dip Ahead of US Goods Orders Data

    Crude Oil prices showed slight recovery signs as traders felt a firm trend in global trade. However, escalating Trade tensions capped further Oil gains.

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  • Alexander Kuptsikevich
    Alexander Kuptsikevich

    Fears Of Trade Wars Pushed Markets To Important Levels

    On Wednesday, the United States announced that they were considering sanctions ‘like Huawei’ for other Chinese companies, the US military sent two ships to the shores of Taiwan.

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  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    CHF and EUR aim to end May on the Front Foot

    Thursday brought us gains on two important European currencies: CHF and EUR. The first one was gaining traction from some time already but for the second one that is something new and should be rather considered as a short-term correction.

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  • Nikhil Khandelwal
    Nikhil Khandelwal

    GBP/USD Daily Forecast – Strong GBP Retail Sales Data Helping Recovery

    Brexit tensions continued to prevail over the pair. MPs pressurizing May to leave the office at the earliest. However, on the technical side, the near-term trend indicates bullish prospects.

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  • Nikhil Khandelwal
    Nikhil Khandelwal

    EUR/USD Daily Forecast – Fiber Set on Recovery Path Underpinned Greenback Slowdown

    Trump hints to add the ‘very dangerous’ Huawei in the trade deal. Trade tensions worsened following such a strong statement. Euro pair gained out of the USD plunge.

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD Forex Technical Analysis – Pivot at .6900 Controlling Direction Today

    Based on the early price action, the direction of the AUD/USD on Friday is likely to be determined by trader reaction to the pivot at .6900.

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  • James Hyerczyk
    James Hyerczyk

    U.S. Dollar Index Futures (DX) Technical Analysis – Closing Price Reversal Top Confirmed

    Watch the Euro for direction since it represents about 57% of the index. A weaker Euro could trigger a turnaround in the index. A stronger Euro will likely mean further downside pressure on the dollar index. Today’s U.S. Durable goods report and the European Parliamentary Elections could be the catalysts

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  • James Hyerczyk
    James Hyerczyk

    USD/JPY Forex Technical Analysis – May 24, 2019 Forecast

    Based on the early price action and the current price at 109.556, the direction of the USD/JPY on Friday is likely to be determined by trader reaction to the uptrending Gann angle at 109.573.

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  • James Hyerczyk
    James Hyerczyk

    NZD/USD Forex Technical Analysis – May 24, 2019 Forecast

    Based on yesterday’s closing price reversal bottom and close at .6522, the direction of the NZD/USD on Friday is likely to be determined by trader reaction to yesterday’s high at .6527.

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – US dollar continues to pull back

    The US dollar pulled back against the Japanese yen during the trading session on Thursday, as we continue to see a lot of noise in the trading markets overall, based upon risk appetite crumbling at times.

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Price Forecast – British pound trying to find legs again

    The British pound fell during the trading session on Thursday as per usual but has bounced slightly as we approached the 1.26 level. It’s difficult to imagine that this market is ready to turn around though, especially with the clown show going on in Great Britain.

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Price Forecast – British pound breaks down again

    With the clowns running things in London, it’s no surprise that the British pound can hang onto gains. With this being the case, it’s very difficult to imagine a scenario where we bounce, at least in the short term and it now looks as if we are getting ready to

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