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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; EUR/USD is back to 1.1070 and there is a clear consolidation channel forming between 1.1000 and 1.1080 which may last ...

      
   
  1. #391
    Senior Member mlawson71's Avatar
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    EUR/USD is back to 1.1070 and there is a clear consolidation channel forming between 1.1000 and 1.1080 which may last until after the holidays.

  2. #392
    Senior Member mlawson71's Avatar
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    EUR/USD formed a spinning top at 1.1075 on the daily time-frame and bounced off from that resistance. Naturally, the sideways consolidation continues.

  3. #393
    Senior Member mlawson71's Avatar
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    USD/CAD rebounded from 1.3170 and rallied toward 1.3260, next week it will likely continue rising toward 1.3300.

  4. #394
    Senior Member mlawson71's Avatar
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    I am preparing for a further rally once the market opened today, let's see whether USD/CAD will reach 1.3300.

  5. #395
    Senior Member mlawson71's Avatar
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    It's stubbornly consolidating around 1.1070 and since the winter holidays are coming closer and closer I assume we won't see big changes before they end.

  6. #396
    Senior Member mlawson71's Avatar
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    USD/CAD testing 1.3235 and it is bearish for now, so we may see it drop back down to 1.3200.

  7. #397
    Senior Member mlawson71's Avatar
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    EUR/USD market volatility is winding down more and more ahead of the holidays, I think we won't see a new big movement in either direction in the next few days.

  8. #398
    Senior Member mlawson71's Avatar
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    EUR/USD consolidating around 1.1130, I think we may see it reach 1.1150 and above by the end of the week.

  9. #399
    Senior Member mlawson71's Avatar
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    EUR/USD did decide to rally above the consolidation before the end of the holidays after all, the pair rallied to 1.1200 today and remains quite bullish. Let's see whether it will break out above 1.1200 before the market closes today.

  10. #400
    Senior Member mlawson71's Avatar
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    EUR/USD bounced off from 1.1200 last night and dropped back to 1.1115. Next week we may see it depreciate below 1.1100 after all.

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