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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 actually see

Usd/jpy : trump effect close to fading

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