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Showing posts with the label us elections

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...

palladium sliding towards 620s

Palladium among the metals are losing their shine for second week in row. Palldium on the hourly chart as you can see in below chart has very strong resistance at 675$. A short trade has been intiated at this level and another position was added at 662$ ,which is going to be a very strong resistance days ahead . On weekly chart , we can find next support at 625$ area. So target for these short trades is 630$ Stop loss will be on close above 675$ . All of that has been technical move , however that made people think that us dollar is going to rule because of the supposed rate hike in december and us elections in novemeber. However , I predict that currencies and metals will make a come back and rule over dollar in thw fourth quarter.