Weekly Forex Forecast (January 15 – ۱۹, ۲۰۱۹)

USDCAD In a Sharp Down-Trend
دی ۱۷, ۱۳۹۷
Weekly Forex Forecast (January 21– ۲۵, ۲۰۱۹)
دی ۳۰, ۱۳۹۷

Weekly Forex Forecast (January 15 – ۱۹, ۲۰۱۹)

Important: I use New York close charts so that each 24-hour period closes at 5 pm EST.

Click here to get access to the same charts I use.

EURUSD Making a Bottom

EURUSD intended to get bullish last week, but couldn’t hold above our key technical resistance. I expect 1.1475 act as support after the break-out. however I still remain bullish on EURUSD, and I think it’s making a bottom. For the next week , if I see this pair to hold above 1.1450 or even 1.1400, I wouldn’t surprise. Any kind of news from EUR central bank would show the direction, I expect that happen around March. Until then side-way trading between 1.1300 to 1.1750 is possible. If you are a fan of EURUSD pair , you should satisfied with small profits.

If you want to see how I trade this pair

you can easily follow me on FXTM Strategy Manager Account.

You just need to sign-up there and find “Hermya-com” in the search field.

 

GBPUSD Heading for Channel Resistance

I’m a little bit curious about GBP pairs. They are in a really heavy down trend for years. At these prices I rather be a buyer than a seller. As you may know, we have an important news on Tuesday, I already teach you how I trade around the news , If you forgot it please read the lessons again. If I want to trade this pair at this moment, I will wait until the news comes out and then decide to enter or not. You are not playing poker and it’s not a game. My experience tells me whatever the news is, GBPUSD will break the channel resistance and make its own bottom. If it occurred, I would wait until it touch the channel ceiling again and if act as a good support I will enter my longs. other wise don’t risk my money and trade another pair.

USDJPY Consolidating

As we discuss this pair last week, I mentioned to see a side-way trading at this levels, and here we go. USDJPY is going to trade between 107.30 and 110.30 these days. I rather like to short this pair again if it fails to break 110.37 resistance. It’s a saying in the market ” Even a dead cat bounce when it drops from a high” , if you consider US strong economy as a dead cat. so we can expect this pair to bounce a little bit more higher.

USDCAD Finally Stop Falling

Trading this during last two weeks made me and my investors a great profit, As I always paying attention to the fake Break-outs. For now I’m away from trading this pair again for a while, this is my way to avoid over-trading, and trade for quiet a long time as a profitable manager. side-way trading between 1.3177 and 1.3360 is highly recommended, even another touch of channel resistance would make another opportunity to go short again.

If you want to see how I trade this pair

you can easily follow me on FXTM Strategy Manager Account.

You just need to sign-up there and find “Hermya-com” in the search field.

click hear to JOIN my Telegram Channel.

if you want to receive free beginners lessons click here

MUST READ MONEY MANAGEMENT AND INVESTMENT

 

دیدگاهتان را بنویسید

نشانی ایمیل شما منتشر نخواهد شد. بخش‌های موردنیاز علامت‌گذاری شده‌اند *