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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; nice threat, i am watching , keep kick forward...

      
   
  1. #111

  2. #112
    Senior Member mlawson71's Avatar
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    In my opinion EUR/USD is quite bullish and we will be seeing it continue moving to the upside next week, with next target around 1.1500 at least.

  3. #113
    Senior Member mlawson71's Avatar
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    USD/JPY is consolidating sideways below the resistance at 113.00 and the pair has even formed a shooting star candlestick at that level on the four-hour time frame. Considering said candlestick we may soon see a new move to the downside.

  4. #114
    Senior Member mlawson71's Avatar
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    EUR/GBP dropped sharply after forming a spinning top candlestick and a shooting star candlestick at 0.8920 on the four-hour time-frame. If it breaks out below the support at 0.8850 it may continue depreciating to 0.8800.

  5. #115
    Senior Member mlawson71's Avatar
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    NZD/USD fell further today and it is currently testing the support at 0.6775. If it breaks out below that level we may see another depreciation towards 0.6700 or even below that level.

  6. #116
    Senior Member mlawson71's Avatar
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    EUR/USD closed at 1.1330 this week and the pair remains quite bearish, next week we will likely see it depreciate below the support at 1.1300 too.

  7. #117
    Senior Member mlawson71's Avatar
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    Despite all odds USD/JPY broke out above the resistance at 113.35 and it continues moving to the upside. I think we will likely see it continue move north towards 114.00 this week.

  8. #118
    Senior Member mlawson71's Avatar
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    USD/CAD continues moving to the upside and it has even broken out above the resistance at 1.3270. The pair will likely continue rising towards the last local high at 1.3317.

  9. #119
    Senior Member mlawson71's Avatar
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    USD/JPY has finally reached the resistance at 114.00 and it remains very bullish, so we will either see a direct breakout above that level or a retracement and then another attempt to break out above it, but either way, the move to the upside is likely not over yet.

  10. #120
    Senior Member mlawson71's Avatar
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    NZD/USD has formed a double top at 0.6890 on the daily time frame and that is a very good signal for an impending move to the downside. Next target will likely be the last low at 0.6750.

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