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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; EUR/USD rallied all the way to 1.1320 before pulling back from that level. By the looks of things it may ...

      
   
  1. #261
    Senior Member mlawson71's Avatar
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    EUR/USD rallied all the way to 1.1320 before pulling back from that level. By the looks of things it may revisit the previous high at 1.1345 eventually.

  2. #262
    Senior Member mlawson71's Avatar
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    GBP/USD did reach 1.2500 as I thought it would and bounced off from it. Next target is likely around 1.2800.

  3. #263
    Senior Member mlawson71's Avatar
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    EUR/USD closed above 1.1350 on Friday and considering how bullish it is I assume we will see it rally to 1.1400 next week.

  4. #264
    Senior Member mlawson71's Avatar
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    EUR/USD did continue moving north and by the looks of it the pair will keep rallying above 1.1400 soon. I think next target is around 1.1440.

  5. #265
    Senior Member mlawson71's Avatar
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    EUR/USD broke out above 1.1400 but found some resistance at 1.1412. I think we will see a correction before there is another move north.

  6. #266
    Senior Member mlawson71's Avatar
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    EUR/USD pulled back from 1.1410 but is currently testing it again, I think we will see a breakout soon.

  7. #267
    Senior Member mlawson71's Avatar
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    EUR/USD continues consolidating sideways and likely fundamentals will be necessary to end that.

  8. #268
    Senior Member mlawson71's Avatar
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    USD/CAD is very bearish and it broke out below 1.3100. I would not be surprised to see it fall all the way to 1.3000 too.

  9. #269
    Senior Member mlawson71's Avatar
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    USD/CAD is still testing the support (and last low) at 1.3070. I think it will break out below that level but we will have to wait until next week.

  10. #270
    Senior Member mlawson71's Avatar
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    The multiple spinning top candlesticks around 1.1370 were a signal for a EUR/USD move south after all. It will likely fall back to 1.1300.

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