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Fresh Forex forecast

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  1. #21
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    FreshForex Company has prepared a surprise: every client can get a gift set: Advisor, indicator and script for free! More Information

    Daily Forex market review 2 August 2016



    EUR/USD (Euro/dollar pair)
    Spread between yield of 10 years' US and German bonds is expanded, which is negative for euro. Oil correction will be short-term and soon we will see another drop of quotations to the psychological level $40 per barrel, which is negative for euro, too. So, this is the downtrend.
    - ADX indicator on the 4-hours and hourly charts shows the downtrend.
    - RSI indicator on the hourly chart has formed a divergence and this was done in the oversoldness zone. So, it shows the uptrend on the hourly chart.
    - Recommendation: Open Sell trades at 1,1165 (one dot eleven sixty five) and take profit at 1,1100 (one dot eleven double zero).
    The next pair - GBP/USD (Pound/dollar)
    - The main event today will be announcement of results of the Bank of England's meeting on monetary policy. If the Bank of England cuts the rate, this may cause a fall of the British currency. If the rate remains at the same level, the pound may grow.
    - ADX indicator on the 4-hours and hourly charts shows the flat; on the hourly chart it shows the downtrend.
    - RSI indicator on the daily, 4-hours and hourly charts shows the flat.
    - Recommendation: If the Bank of England cuts the rate, we should open Sell positions so that take profit in 100 points.
    If the Bank of England does not cut the interest rate, we should open Buy position so that take profit in 50 points.
    And finally, USD/JPY (Dollar/Japanese Yen)
    - Today's trading results will be determined by the "risk appetite" of investors. On Wednesday, the shares of Deutsche Bank were excluded from the Euro Stoxx 50 index. The reason was a heavy drop of its capitalization. This is another wake-up call for players of the stock market as Deutsche Bank is a financial institution number one in Europe. So, this is the downtrend.
    - ADX indicator on a monthly and weekly charts shows the downtrend. On the hourly chart, it is the uptrend
    - On the hourly chart RSI indicator is approaching the oversoldness zone, which indicates that the upward correction is over.
    - Recommendation: Open Sell trades at 101.70 (one hundred and one seventy) and take profit at 101.00. ( (one hundred and one sharply)
    More information

  2. #22
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    Euro in a corrective mode

    28 November 2016, EUR/USD

    Euro in a corrective mode
    Wave Analysis:
    Earlier today, Euro gapped above a key resistance level 1.06087, headed long but is currently retreating towards it. We expect the level 1.06513 to have marked the end of the impulsive wave (3) that the current downward rally is the unfolding of the corrective wave (4) and must not go beyond the end of wave (1) from where we'll be looking to buy the next motive wave (5) towards 1.0724. In the meantime, we choose to remain short with the corrective wave (4) towards 1.10687 Expect a similar wave count in NZD/USD, AUD/USD and GBP/USD. These pairs have a strong positive correlation of up to +0.96% and will have a similar price action during intaday.
    Trade recommendations:

    Expect a possible bearish price rally towards 1.06087
    Check the website for more information: https://freshforex.com/analitics/fre...sue_84083.html

  3. #23
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    Possible triple top formation

    12 January 2017, EUR/USD

    Possible triple top formation
    Wave Analysis:

    Yesterday, instead of going short as forecasted, the pair retraced to the upper side and is currently in a process of a triple top formation with the top being around 1.06122. We expect a possible bearish rebound from this level to culminate into a bearish wave count towards 1.054 or even lower to 1.0389. Buy positions may only be reconsidered above the previous day's highest high. Expect a similar wave count in GBPUSD, NZDUSD, AUDUSD and EURHKD. These pairs have a strong positive correlation of up to +0.86% and will have a similar price action during this intraday. Only buy or sell euro if the other pairs are giving the same signal.

    Trade Recommendations:

    Expect a possible rebound around 1.06122 to go short with an ideal target at 1.05405. Buy positions are only recommended above 1.062
    Check the website for more information: https://freshforex.com/analitics/fre...sue_84580.html

  4. #24
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    Euro retracing but still bullish

    18 January 2017, EUR/USD

    Euro retracing but still bullish
    Wave Analysis:

    As previously forecasted, the pair traded massively long following the break above 1.06517 but is currently declining in an upward momentum. We expect the current bearish wave count on the 4H chart to be a mere corrective move and should not go beyond 1.0682 from where we'll be looking to buy the impulsive wave (5) to the upper side. Alternatively, we could wait for a clear break above the short term resistance level 1.07113 to go long with our previous target still intact at 1.08849. Expect an exact similar wave count in NZDUSD, and AUDUSD. These pairs have a strong positive correlation of up to +86% and will have a similar price action during this intraday.

    Trade Recommendations:

    If you're not long already, wait for the current retracement to end around 1.0682 to go long with an ideal target at 1.08849.
    Check the website for more information: https://freshforex.com/analitics/fre...sue_84644.html

  5. #25
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    I love the forecasts of that broker very much. Always use them while trading and it helps me to make right decisions. Thank you, FreshForex!

  6. #26
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    Euro bound within the range 1.0722-1.0771

    26 January 2017, EUR/USD

    Euro bound within the range 1.0722-1.0771
    Wave Analysis:

    Following the break above 1.0712, Euro entered into a consolidation not going above 1.0771 or below 1.0712. As long as this pair trades within this equilibrium zone, we choose to trade reversals from from these levels. Any clear break breakout above this zone will mean we're continuing long with impulsive wave (5) towards 1.084 while a break below 1.0712 may invalidate the anticipated upward rally and could push the price lower to 1.06177 or even lower to 1.0548. A clear break above 1.0771 in the EURUSD chart will mean a break below 112.54 in the USDJPY chart. These two pairs, eurusd & usdjpy, have a strong negative correlation and will have an exact opposite price action during this intraday. Only buy or sell euro if usdjpy is giving you an exact opposite signal.

    Trade Recommendations:

    Expect a possible break above 1.0771 to go long with an ideal target at 1.084
    Check the website for more information: https://freshforex.com/analitics/fre...sue_84745.html

  7. #27
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    Looking to rebuy the green candle

    09 February 2017, EUR/USD


    Wave Analysis:

    Yesterday, Euro made a fresh weekly low of 1.06393 but ended up closing at 1.06968, just a few pips above our weekly pivot level 1.06664. Since the previous week's candle was a perfect bullish engulfing candle along a key pivot level 1.06664, we expect an acceleration to the upper side as long as the pair remains above this pivot level. Thus, we'll remain long with our first target at 1.07522, any clear breakout above this level will push the price further to the upper side towards 1.1059 or even higher. Expect a similar wave count in GBPUSD. These pairs will have a similar price action during this intraday.

    Trade Recommendations:

    As long as the pair remains above 1.06664, look for potential long positions with the first target at 1.07522. Any breakout above this target will push the price further to the upper side towards 1.1059.
    Check the website for more information: https://freshforex.com/analitics/fre...sue_84887.html

  8. #28
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    Euro above 1.0576

    28 February 2017, EUR/USD

    Euro above 1.0576
    Wave Analysis:

    Despite our expectations to continue short short, euro retraced higher and even ended up above 1.05765. The current chart set up and structure is pretty much bullish and will likely push the price further to the upper side towards 1.06717 but should not go beyond 1.07552. A break above 1.07552 will push the price further to the upper side towards 1.08717. This view can only be rendered futile in case the pair end up below 1.05765, if this case, then an acceleration to the lower side is inevitable. This pair should be traded alongside GBPUSD, NZDUSD, and GBPHKD. These pairs have a strong positive correlation of up to +89% and will have a similar price action during this intraday.

    Trade Recommendations:

    Expect a possible bullish price movements towards 1.07552.
    Check the website for more information: https://freshforex.com/analitics/fre...sue_85123.html

  9. #29
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    Euro still short but should retrace up to 1.06976

    05 April 2017, EUR/USD

    Euro still short but should retrace up to 1.06976
    Wave Analysis:

    Instead of going short as previously forecasted, euro continues to retrace to the upper side but should not go beyond 1.06976 from where we'll be looking to pick low risk sell opportunities. A break above 1.06979 will mean we're waiting for further bullish price movements towards 1.07373 from where we'll be expecting a possible rebound to go short. The anticipated sell positions should be the continuation of the impulsive wave (c) but should not go beyond 1.06194. The entire downward rally can only be invalidated in case the price end up above 1.07373, if this is the case, then an acceleration to the upper side will be inevitable. Expect a similar retracement in EURAUD, EURCAD and GBPUSD. These pairs will have a similar price action during this intraday.

    Trade Recommendations:

    We're waiting for a clear rebound around 1.06976 or 1.07373 to pick sell orders with an ideal target at 1.06194.
    Check the website for more information: https://freshforex.com/analitics/fre...sue_85613.html

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