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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; EUR/USD dropped to 1.1100 as I thought it would but a breakout is yet to occur, which is still possible ...

      
   
  1. #421
    Senior Member mlawson71's Avatar
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    EUR/USD dropped to 1.1100 as I thought it would but a breakout is yet to occur, which is still possible to happen by the end of the trading week.

  2. #422
    Senior Member mlawson71's Avatar
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    EUR/USD depreciated to 1.1085 and found some support there but it remains bearish for now so it will likely break out below that support.

  3. #423
    Senior Member mlawson71's Avatar
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    EUR/USD failed to break out below 1.1085 after all and bounced off from it. Let's see how it will develop next week.

  4. #424
    Senior Member mlawson71's Avatar
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    Forecasting-poland-green-shutterstock.jpg
    Poland

  5. #425
    Senior Member mlawson71's Avatar
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    USD/CAD formed both a shooting star and a hanged man candlestick below the resistance at 1.3100 and together those candlesticks are a good indication for a reversal.

  6. #426
    Senior Member mlawson71's Avatar
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    EUR/USD is still testing the resistance at 1.3070 despite the signal for a move south, let's see whether will prove to be a false signal.

  7. #427
    Senior Member mlawson71's Avatar
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    USD/CAD is consolidating sideways, forming several spinning tops on the daily time-frame around 1.3070. That said, the candlesticks' long upper wicks indicate a possible small move to the downside.

  8. #428
    Senior Member mlawson71's Avatar
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    The EUR/USD move north continues apparently. It broke out above 1.1150 and I think we will see it reach 1.1200.

  9. #429
    Senior Member mlawson71's Avatar
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    USD/CAD continues consolidating around 1.3030 and since the market will close soon that consolidation may not end this week.

  10. #430
    Senior Member mlawson71's Avatar
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    The market closed while EUR/USD was still testing the support at 1.1090, next week it may continue depreciating.

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