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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 108.50¥ 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.

EUR/USD pullback is over

The pair has pulled back slighlty after rallying on friday on back of FBI investigating hillary clinton emails again. Euro rallied almost 60 pips after the news and pulledback to previous resiatance area at 1.0940$ The pair might be taregting 1.10$ as first target if that area holds. Stop loss would be on 1 hour close below 1.0940$ or 1.0920$ where trendline might lie and provide some support..

AUD/USD is downside biased

The pair has been trying to hold above 0.77$ many times but keeps failing except for only one which was reversed totally after unemployment report was released . Technical analysis for the pair ; it is still supported by the trendline coming from multi year low at 0.68$ passing by 0.7150$ and 0.74$ . A break below the trendline probably sitting now at 0.7560$ will accelerate its slide towards 0.73$ area. So we might enter short position at current market level 0.7610$ as the pair is facing resistance on 1h chart with 200 moving average lying at 0.7620$ area. Stop loss will be on hourly close above 0.7645$... Follow me twitter for updates on this trade and other trading ideas... my twitter handle is : @boriology

USD/CAD technical analysis for 24-28 oct.

Check below chart to get a glimpse of where we are standing now. The pair has been advancing since poloz speech making a hammer candle on the 4h chart and posting 250 pips more. The pair is currently capped by the upper trendline of the ranging channel. We can issue a short trade here looking to take profit at 1.2960 The stop loss is on daily close above the 1.3350 area.we would issue a long position then targeting 1.3650; P.S: The long position issued at 1.3054 closed at 1.3320

NZDUSD bearish below 0.7260

Kiwi reversed losses of previous two weeks and currently testing a critical resistance in the area between 0.7225-60$ . A 4h candle close above 0.7260$ will open the door to 0.7330-60$ . I prefer going short at current level 0.7235$ and adding another position at 0.7258$ . Take profit at 0.7125$ , then 0.7080$ ..I see #nzdusd heading back to 0.6950$ area and long term target 0.59$ The pair is also facing tough resistance at 0.7250$ area because of the 200 moving average on the 4h chart.

WTI: more downside pressure

WTI (OIL) is currently facing a bearish trendline and trading below resistance at 51.07 on the 4h chart. It looks supported on the daily chart around 49.80$ and looking for further advances. However the bearish trendline and the horizontal resistance is putting alot of downward pressure . So , It is recommended that we wait for a 4h candle close above 51.07$ area. Or you can go short at this area and your stop loss should be on a 4h close above 51.07$. I am not decided on that trade , pickup any scenario , it is going to be profitable either way.

EURNZD testing broken trendline

EURNZD broke bearish trendline as shown below on 23 sep. at the area of 1.5420 , the pair has been also forming an uptrend line which it broke yesterday at 1.5420 as well . The pair is currently testing the former bearish trendline at 1.5230 , if that line holds , we might get back to 1.5540 area soon which if conquered , we will be trading at 1.59 area. However , we might see a war between trend lines in the coming days . I will keep you updated . I am currently long at 1.5270 targeting 1.5540 with stop loss on daily close below 1.5170

Platinum trade recommendation

I have been recommending going ling on platinum lately. It managed to rebound to 951$. It is still facing some resistance at 945$ and it is not able to close above 945$ on the 4h chart. Buy platinum if you are not already long , your stop loss should be on closing below 936$ on the 1h chart. Platinum retreated after touching he 200 moving average on the 1 chart. I think we might see a strong rebound to the area between 970-980$ in the coming days.