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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; AUD/USD is testing the resistance at 0.6930. I think it will break out above it and continue climbing towards 0.6950....

      
   
  1. #241
    Senior Member mlawson71's Avatar
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    AUD/USD is testing the resistance at 0.6930. I think it will break out above it and continue climbing towards 0.6950.

  2. #242
    Senior Member mlawson71's Avatar
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    GBP/JPY continues depreciating, I think we may see it break out below 137.00 before the market closes today and then there will be another depreciation next week.

  3. #243
    Senior Member mlawson71's Avatar
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    USD/JPY was very bearish when the market closed this week, next week the move to the downside will probably continue and we will see the pair depreciate towards 108.00.

  4. #244
    Senior Member mlawson71's Avatar
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    USD/CAD found some resistance around 1.3570 and formed a shooting star at that level on the daily time-frame. Next target is likely around 1.3450.

  5. #245
    Senior Member mlawson71's Avatar
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    GBP/USD dropped to 1.2555 before it bounced off from that support so it may continue moving north towards 1.2700 for now.

  6. #246
    Senior Member mlawson71's Avatar
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    GBP/USD broke out above 1.2700 and it remains very bullish, so it will likely continue moving north towards 1.2800 too.

  7. #247
    Senior Member mlawson71's Avatar
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    GBP/USD has formed a shooting star candlestick at 1.2745 but it remains bullish for now. If it breaks out above that resistance it will likely continue rising.

  8. #248
    Senior Member mlawson71's Avatar
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    GBP/USD formed a second shooting star candlestick at 1.2745 and then it broke out above that resistance, proving both candlesticks were false signals for a reversals. The move north will probably continue.

  9. #249
    Senior Member mlawson71's Avatar
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    EUR/USD is bullish for now, I think we will see it rally towards 1.1350 early next.

  10. #250
    Senior Member mlawson71's Avatar
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    USD/JPY remains undecided but it has also formed a spinning top at 108.15 on the daily time-frame, so we may see it rebound from that level.
    Last edited by mlawson71; 06-10-2019 at 02:32 PM.

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