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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; EUR/USD did form a very noticeable spinning top on the weekly time-frame at 1.1025, so I think the current move ...

      
   
  1. #301
    Senior Member mlawson71's Avatar
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    EUR/USD did form a very noticeable spinning top on the weekly time-frame at 1.1025, so I think the current move north may not be short-lived.

  2. #302
    Senior Member mlawson71's Avatar
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    There's a downward consolidation below 1.1250 but I think that is just in preparation for the next move north.

  3. #303
    Senior Member mlawson71's Avatar
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    The GBP/USD move south continues, I think we will see it drop below 1.2000 next week.

  4. #304
    Senior Member mlawson71's Avatar
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    EUR/USD is rising back up towards 1.1230 but so far there has been no breakout below or above the consolidation. I doubt it will happen today.

  5. #305
    Senior Member mlawson71's Avatar
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    No end of the EUR/USD consolidation in sight, hopefully the fundamentals by the end of the week will have some effect on it.

  6. #306
    Senior Member mlawson71's Avatar
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    EUR/USD is dropping like a rock. I wouldn't be surprised if it falls back to 1.1100.
    Last edited by mlawson71; 08-14-2019 at 04:14 PM.

  7. #307
    Senior Member mlawson71's Avatar
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    EUR/USD clearly very bearish after over a week of consolidation. Let's see whether it will drop below 1.1000 too.

  8. #308
    Senior Member mlawson71's Avatar
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    EUR/USD testing 1.1070, maybe it will finally break out below that level and continue towards 1.1000.

  9. #309
    Senior Member mlawson71's Avatar
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    EUR/USD may continue falling this week but for now it is stuck in a sideways consolidation as it often happens on Mondays.

  10. #310
    Senior Member mlawson71's Avatar
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    It's still consolidating at the support at 1.1080, I am starting to suspect it may form a double bottom there, which means there may be a new move north.
    Last edited by mlawson71; 08-20-2019 at 03:31 PM.

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