Forex: Weekly Market Predictions (1/15-1/19) EURUSD Trading Major Strength
Published: 2018-01-16
Status:
Available
|
Analyzed
Published: 2018-01-16
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Short trades on EURUSD are expected on a lower timeframe due to a pullback from the 1.2295 resistance level, potentially yielding over 100 pips.
"we're looking for a pullback here from this level we can take advantage of that pullback by trading short trades on a lower timeframe because this pullback although it may not look like much here on the daily chart just as this one doesn't really like much this was over a hundred pips and on a lower timeframe that can be a significant trade"
Pending
If EURUSD breaks above 1.2295, long trades are possible up to the 1.2501 resistance level.
"and above that level if we zoom the chart out we actually have another resistance level if the market does pierce this one and go above it we can be looking for some long trades all the way up to 1.2501 which is the next level we'll look at for possible resistance"
Pending
If the 1.2295 resistance level for EURUSD acts as a major turning point, the first support level to watch for trend continuation is 1.20634.
"if this level ends up being major and pushes the market down a dramatic amount the first level of support we'll look at is one point two oh six three four possible trend continuation"
Pending
If EURUSD breaks below 1.20634, the next support level for potential long opportunities is 1.1866.
"this market if we break below that level we'll be looking around one point one eight six six as our next level of possible support to look for long opportunities out of the euro dollar"
Pending
Counter-trend shorting opportunities are expected on GBPUSD around the 1.3853 level.
"for the first level of resistance and for what we're looking for this week is possible counter-trend opportunities around one point three eight five three"
Pending
The 1.3853 level on GBPUSD is identified as the next resistance for potential counter-trend shorting opportunities.
"one point three eight five three will be the next level of resistance we can look at for possible counter trend shorting opportunities here on the pound dollar"
Pending
Support for GBPUSD is expected around 1.3597 if the price moves down.
"if we push down from here we can be looking at support around one point three five nine seven"
Pending
If GBPUSD falls below 1.3597, support is anticipated around 1.3441.
"if we go below that we can also look for some support around one point three four four one"
Pending
USDJPY is expected to travel up to the resistance zone between 113.00 and 113.50, presenting an opportunity for short trades on a smaller timeframe.
"we're looking at this market traveling up to this previous level of resistance between 113 even and 113 five pushing up to that zone giving us some kind of opportunity on a smaller time frame to take this as a short trade from this zone of resistance"
Pending
USDJPY is at a support level around 110.50, offering counter-trend opportunities with targets set at 111.00, with a bias towards trend continuation if the support holds.
"we are at a level of support right here we're at a level where the market could definitely find support so what can we look for we can look for counter trend opportunities but overall even though we're looking for counter trend opportunities at 110 point 5 in that area we won't be conservative with those targets and if we find a counter trend opportunity go ahead and at least have the first targets off about 111"
Pending
Due to breaking support levels, USDJPY might see trend continuation or resistance around the 111.00 handle.
"considering this market just broke below support levels we can see some trend continuation or possible resistance out of the 111 even handle"
Pending
If USDJPY finds further support, it could push up to the resistance zone between 111.79 and 112.00.
"if this market gets a little more support from this level then we expect it could push all the way up to the 111 point seven nine between that and 112 even will be the next level of possible resistance"
Pending
Long opportunities for USDJPY will not be considered until the price reaches the support level around 108.97 to 109.00.
"as for another level of support if we continue this massive move down we've had out of the dollar yen we will not be looking for longer opportunities again until we hit around the 108 point 9 7 level close to the 109 even handle"
Pending
A potential lower high for USDCHF is anticipated around the 0.9849 level.
"this could be where we see that lower high come in right in the 0.98 for 9 level"
Pending
USDCHF is at a support level, with a maximum expected upward move to 0.9739.
"we are sitting around a possible level of support we could see support out of this market from this level not expecting a huge move up at the most we're expecting a move back up to zero point nine seven three nine"
Pending
Counter-trend trading opportunities on a lower timeframe are being looked for on USDCHF around 0.9633.
"currently right now on the dollars list we are looking for counter trend trading opportunities on the lower time frame around zero point nine six three three"
Pending
If USDCHF moves lower, support is expected around 0.9558, a level that has historically provided support multiple times.
"if we get a push lower here on the dollar Swiss we actually have to zoom the chart out and go ahead and point out another level of possible support I already see one let's go ahead and find a blue horizontal line place that line right here the reason we're doing that is because this level is a level of support that has acted as support multiple times in the past meaning that the market gets down to zero point nine five five eight we could see possible support from that level once more"
Pending
Trend continuation shorting opportunities are expected at 0.9739 on USDCHF. If it breaks above this, resistance is expected at 0.9845.
"this will definitely be a spot we'd look for possible trend continuation shorting opportunities from if we get above that we're gonna look once more at zero point nine eight four five for possible resistance as well"
Pending
Long trades on AUDUSD are anticipated if the price pulls back to the 0.7819 level, which was previous major resistance, for trend continuation.
"if we can get all the way down into the zero point seven eight one nine level of previous major resistance we were looking at this is the first place where we pay attention to for trend continuation out of this pair to take some long trades from this level"
Pending
AUDUSD is predicted to reach the 0.8023 level within the current or next week, with expectations of trend continuation on smaller timeframes leading up to it.
"we do think this markets gonna hit the 0.8 o23 level at some point either this week or next week because of that we're looking on smaller time phrase for trend continuation out of this pair all the way up to that level"
Pending
Counter-trend opportunities are expected on AUDUSD at the 0.8023 level, with conservative targets.
"and if we get to the 0.8 o23 level we can look for counter trend opportunities remember that's gonna be with some conservative targets"
Pending
If AUDUSD pushes above 0.8023, the next resistance level to watch is 0.8117.
"if the market pushes above that which isn't likely this week but possible we're looking around the 0.8 1 1 7 level for next level of possible resistance"
Pending
A push down in AUDUSD to 0.7893 is seen as a good level to look for trade continuation opportunities.
"especially if we get all the way down to zero point 7 8 9 3 that'll be a great level to look for some trade continuation opportunities if the market has a push down"
Pending
If AUDUSD falls below 0.7893, the next support level to consider is 0.7816, the same level that provided a trading opportunity previously.
"if we get below that level the next level support we'll be looking at is around the zero point seven eight one six level the same level we took a trading opportunity off of this week"
Pending