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Showing posts from November, 2016

Forecast for #eurusd after US elections

This is what I think that #eurusd is going to make. I have predicted that the pair will fall 300 pips or more after the US elections and that happened . The pair was trading at 1.10$ before the election night and fall to 1.0565$ , that is 430 pips approx. The second part of my prediction which is based on historical analysis and I hope that it will be fulfilled as well ; is that the pair is going to rally almost 1500   pips in less than 3 month. SO basically I expect the pair rally to 1.22$ level and ultimately 1.28$ Ofcourse we might see the pair pulling back from 1.22$ area to 1.1450$ area and then resuming the rally to 1.28$ That is my forecast for the euro/dollar and that was based on historical analysis which might prove wrong because of some different factors. However from technical analysis , I think the pair has got some powerful support in that area and I dont think we will be falling behind this area of 1.0560$ If the pair broke below that area , we might actu...

Usd/jpy : trump effect close to fading

The pair is showing some weakness around 108.50Ā„ which is 200 week moving average and weekly resistance. Targets of shorting the pair at that level would be 106.80Ā„ then 103.50Ā„ areas. However it is not recommended to short the pair now until it confirms a bearish resumption The pair might continue its rally to 110.60Ā„ and that level would be very good short entry for a long term trade. My overview for the pair is bearish and targeting 83Ā„ on the long term.

Nzd/usd under pressure

Technically speaking nzd/usd is under pressure after falling 300 pips from the critical resistance at 0.7380$ area. The pair has fallen to 0.7070$ area which provided mediocre support helping create a rebound to resistance area around 0.7145$ . The pair was rejected retracing back to 0.7095$ before rallying again to 0.7130$ I expect that rally to fade now and fall again to 0.7078$ area again before resuming any decline.