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EURUSD Outlook – Week Commencing 29th August 2016

What Happened EURAUD has been an interesting pair to watch over the past couple weeks. Price has declined breaking the weekly bullish TL, tested major support as well as bouncing off 200-day moving average on weekly time frame. Failing to close below these is good indication for a bull run. Recently, we’ve seen the AUSSIE DOLLAR decline, as China’s manufacturing news has been disappointing. This…

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EURUSD Outlook - Week Commencing 29th August 2016

EURUSD Outlook – Week Commencing 29th August 2016

Bullish Dollar Last week, Yellen stated that positive US reports have opened up the idea of a rate hike in September and we will need to see more positive US reports for the rate hike to be confirmed. This acted as a huge catalyst on Friday allowing the US Dollar to break TL on most pairs. As it stands the Dollar is looking bullish with investors waiting for US reports to solidify expectations of…

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#dollar #eur/usd #euro #eurusdsnapshot #featured #forex #fx #short #US Dollar #weekly outlook #whatsnext

GBPUSD Outlook - Week Commencing 29th August 2016

GBPUSD Outlook – Week Commencing 29th August 2016

Bullish Dollar Last week, Yellen stated that positive US reports have opened up the idea of a rate hike in September and we will need to see more positive US reports for the rate hike to be confirmed. This acted as a huge catalyst on Friday allowing the US Dollar to break TL on most pairs. As it stands the Dollar is looking bullish with investors waiting for US reports to solidify expectations of…

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#Cable #forex #fxtrading #gbpusd #gbpusdforecast #Great British Pound #short #sterling #US Dollar #weekly outlook

Weekly Forex Recap July 2nd-8th

This weeks events summarised for July 2nd to 8th A brief breakdown of the weeks key events. US – Non farm pay rolls were unexpectedly higher at 287K. With Janet Yellen stating the FED if focused on GDP and the Labour market this news will likely stoke speculation of a rate increase for Q4 2016. US – Job growth has slowed from the average of 229K in 2015 to 172K for 2016. This however can be…

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#forex news

July 10-16 Forex Trading Opportunities

Forex Trading Opportunities for the Week Ahead July 10th – 16th Forexsnapshot lead economic analyst Elliot Myers breaks down 5 trading opportunities he likes for the week ahead. Check out his TradingView to keep up to date with his analysis. US Dollar Buy Opportunity What’s happening? Price action is approaching a historic area of buying pressure and is due to enter the lower end of the price…

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#trading opportunities

The Economic Impact of the UK leaving the European Union

The Economic Impact of the UK leaving the European Union The Brexit vote has created political and economic uncertainty around the world. We have forecast the impact of brexit on global markets below. Global growth will be modest in 2016 and we forecast global real GDP growth of 2% while in 2017 we expect a modest upturn to 2.2% – previous global estimates had real GDP at 2.4% in 2016 and 2.7% in…

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#brexit

The Impact Of Brexit On The UK

The Impact Of Brexit On The UK Our view: Brexit is a terrible outcome for investors and businesses. Years of uncertainty, immediate political instability and the lack of the clear plan for the UK’s exit has further compounded the situation. While the UK may well recover in the decades ahead there is no doubt that investment and growth will take sharp declines which will cost jobs and impede…

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#brexit #eu referendum #uk

How To Trade The UK Interest Rate Decision

How To Trade The UK Interest Rate Decision Today’s announcement from Mark Carney has created a golden opportunity to profit on the EURO/GBP forex pair. The pair pushed towards to the weekly trend line (picture below) and a break of this line (0.76985 level) will open up the next major resistance (0.78036) and above this the (0.80487 level). We recommend waiting for a daily close above this level…

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Forex Trade Of The Day EUR/JPY

Forex Trade Of The Day EUR/JPY EUR/JPY The bias is bearish however entry should be on a break of the lower diagonal trend line for any gains from the downside. If selling pressure eases then a break of the upper trend line will open up gains to the upside. Our downside target is 126.910 while our upside target is 129.037 (Fib 38.2%).

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#euro/jpy

Wall Street Trading Set Up For December 9th

Wall Street Trading Set Up For December 9th Wall Street has just opened up a short selling opportunity. If you see the image below you’ll see that price has just broken out of the pitch fork. Price found support on the 100 day MA however price fell outside of the purple triangle and I expect bearish pressure to take price below the 100 day MA on tomorrows trading day. Oil prices and an expected…

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#featured #wall street

How To Trade Oil As It Recovers

How To Trade Oil As It Recovers Oil suffered major losses over the past week as OPEC failed to agree to slash supply. This led to fears of oversupply and as per the laws of supply and demand oil slide down to below $40 a barrel. The latest oil stock report from the US has cast doubt on a global over supply which led to the whip saw daily candles on Monday and Tuesday. I was waiting for Oil to hit…

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#featured #oil

Germany 30 Bearish Forex Trade December 9th 2015

Germany 30 Bearish Forex Trade December 9th 2015 A bearish trade has just opened up on the close of the Dax (Germany 30) stock exchange (image below): Entry: 10,515.72 Stop: 10,745.73 Limit: 10,058.40 Germany 30 bearish Set Up Dec 9th Price action has broken an established support line that held bullish momentum over October and November. While also passing below the 100 day moving average and…

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#featured #germany30

AUD/USD Trade Set Up Dec 7th 2015

AUD/USD Trade Set Up Dec 7th 2015 AUD/USD Long Set Up – Detailed set up in image below. Entry: 0.72477 – Neck line. Stop: 0.72041 – 61.8% fib level, protected by 20 day MA confluence. Limit: 0.74000 – Likely bullish extension. AUD/USD Bullish Set Up Dec 7th I commented yesterday on a bearish set up for AUD/USD which I cashed out today at 50 points, let me know how you got on with that set up in…

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#aud/usd

NZD/USD Bullish Set Up For Dec 6th

NZD/USD Bullish Set Up For Dec 6th NZD/USD is forming a bullish set up with the near completion of a head and shoulders formation. The key to this set up is price action holding above the former resistance now turned support line at 0.67021. As you can see from the image below the set up forecasts a complete 5 wave with the 4th wave being the entry point on a failed break of the neck line…

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#nzd/usd

AUD/USD Bearish Set Up Dec 6th 2015

AUD/USD Bearish Set Up Dec 6th 2015 AUD/USD looks on course to resume its bearish long term trend. The rejection of the 0.73913 completed the head and shoulders formation with price now due to head down to the neck line at the 70.7% fib level at 0.72477. A confirmed break of the neck line will confirm a bearish move which I expect will run down towards 0.70169. The upcoming US rate decision is…

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#aud/usd

GBP/USD Bullish Set Up December 6th 2015

GBP/USD Bullish Set Up December 6th 2015 GBP/USD saw a challenge of the 1.51654 level and a fairy standard correction down to 1.50861 (70.7% fib level) where price action has remained undecided on a direction. Price action is capped below the 100 day moving average (blue line) and I foresee a decline to the 38.2% fib level at 1.49982 on the hype around a US interest rate hike. Price should hold…

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#gbpusd

EUR/USD Bullish Trade Set Up For December 7th

EUR/USD Bullish Trade Set Up For December 7th Thursdays bull run to 1.09800 cannot be dismissed as a simple retracement. This appears to be the first sign of intent towards a shift in sentiment for the Euro against the Dollar. The hopes of Dollar bulls are resting on a Fed hike which most commentators expect in December after a strong non farm read. I can sceptical though. Yellen and co have…

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#eur/usd

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