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  1. #21
    Senior Member analyst75's Avatar

    Weekly Trading Forecasts on Major Pairs (February 15 - 19, 2016) !!!

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bullish
    EURUSD moved upwards by 230 pips last week, topping at the resistance line of 1.1350, before the current bearish correction. From that resistance line, price got corrected by 100 pips while the bias on the market remains bullish. There is a need for price to go above that resistance line this week, aiming for other resistance lines at 1.1400 and 1.1450. Otherwise, bears might overcome bulls and manage to push price further south.

    USDCHF
    Dominant bias: Bearish
    This pair has proven to be one of the strongest trending among the majors. Price dropped by roughly 260 pips last week, moving briefly below the support level at 0.9700. Then price turned upwards, making a shallow bullish effort. The bullish effort cannot render the current bearish bias invalid unless price goes above the resistance levels at 0.9900 and 1.0000, which is not an easy task, given the ongoing bearish sentiment in the market. USDCHF is suffering from all-round attacks, for EURUSD is up, causing USDCHF to remain under pressure, and CHF itself is strong (see CHF pairs). Eventually, the shallow bullish effort in the market might turn out to be another shallow short-selling opportunity.

    GBPUSD
    Dominant bias: Bullish
    Cable merely consolidated throughout last week, in the context of a medium-term uptrend. The presence of bulls is still visible in the market, though it is possible for them to be subdued by bears any time. A movement above the distribution territories at 1.4600 and 1.4650 would reinforce the current bullish effort, while a movement below the accumulation territories at 1.4350 and 1.4300 would invalidate it.

    USDJPY
    Dominant bias: Bearish
    The price has gone down by 600 pips this week, and it has gone down by 1000 pips since January 29, 2016. The demand level at 111.50 was tried before the upward bounce that happened on Friday, February 12, 2016. The upward bounce is another opportunity to go short while the bearish trend lasts. The bias on JPY pairs is currently bearish, although that does not rule out the possibility of them rallying before the end of this month.
    .

    EURJPY
    Dominant bias: Bearish
    This cross experienced a large pullback last week, going down by 450 pips and reaching the demand zone at 126.00. Thus time around the stamina in EUR has been unable to cause it to withstand the assault from JPY (as it is true of some other EUR pairs). It is logical to assume further southerly movement in the market, due to a strong Bearish Confirmation Pattern in the market. Along the way, upward bounces might be ignored as long as it is clear that bears are in control.

    This forecast is concluded with the quote below:

    “Almost all of my trading is mechanical — 100% based on rules I have tested and found to be valid. I tend to ignore news of the day, fundamental information and adverse “big picture” scenarios because these do not impact my systems greatly. Sometimes, these factors affect my results in the short term, but over the long term, the systems have a positive expectancy.” - Kevin J. Davey

  2. #22
    Senior Member analyst75's Avatar

    Weekly Trading Forecasts on Major Pairs (February 22 - 26, 2016) !!!

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bullish
    This pair went slightly downwards on Monday and moved sideways for the rest of the week. A closer look at the chart revealed a consolidation to the downside, which threatens the recent bullish bias. For the bias not to turn bearish, bulls must prevent bears from pushing price below the support line at 1.1000. In case bulls succeed in doing this, we may see the price going upwards this week, thereby ending the threat to the recent bullish bias.

    USDCHF
    Dominant bias: Bearish
    USDCHF went up 170 pips last week, but it met a strong opposition at the resistance level of 0.9950. Price was unable to go above that resistance level in spite of several attempts to breach it. This week, the movement of USDCHF would be largely determined by whatever happens to EURUSD. USDCHF may experience great difficulty in breaking the resistance level at 1.0000 to the upside (an event that could end the current bearish bias in the market). Failure to do this could reinforce the bearish bias, which is currently under threat from bulls.

    GBPUSD
    Dominant bias: Neutral
    From the high of Monday, Cable dropped by 280 pips, reaching the accumulation territory at 1.4250 on Wednesday, February 17, 2016. The accumulation territory at 1.4250 has proven to be a recalcitrant barrier to bears, for the price could not go below it in spite of forays into it, and this has forced Cable into a neutral phase. The market ended on Friday with a strong upward bounce, which might be a short selling opportunity unless the distribution territories at 1.4550 and 1.4600 are overcome.

    USDJPY
    Dominant bias: Bearish
    This market rallied 120 pips on Monday – resulting in a better entry price for sellers. From the high of Tuesday (114.87), price dropped by 240 pips, to close at 112.64 on Friday. There is a clean Bearish Confirmation Pattern in the market, which indicates the possibility of price going further south, reaching the demand levels at 111.50 and 111.00. The chances of JPY pairs rallying significantly this month are now slim.


    EURJPY
    Dominant bias: Bearish
    In the context of a downtrend, EURJPY cross went upwards on Monday and started coming down from the high of Tuesday. From Tuesday, price came down gradually by 300 pips, reaching the demand zone at 125.00 on Friday. There is an ongoing bearish signal on this cross, which may enable it to move further southward by at least, 200 pips this week, reaching the demand zones at 124.50 and 123.50. Only a sudden weakness in the Yen would cause this cross to skyrocket.

    This forecast is concluded with the quote below:

    “As you fully understand “your trading game” and know how the markets are functioning, you greatly increase your probability of success. Most of all, you will have “fun” trading — independent of winning or losing. If you do not enjoy yourself trading, then you are probably not trading the right systems – ones that fit you.” - Gabriel Grammatidis

  3. #23
    Senior Member analyst75's Avatar

    Weekly Trading Forecasts on Major Pairs (February 29 – March 4, 2016) !!!

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    EURUSD traded lower on Monday, and then moved sideways until Friday, when it traded further southward, closing at 1.0931. Altogether, price moved downwards close to 200 pips, while the outlook on the market is bearish. There are support lines at 1.0900 and 1.0850, which would attempt to challenge more bearish movement. This week, EURUSD may be seen making attempts to rally, which might become serious in case bulls are determined enough. In fact, all major pairs would been seen making short-term significant swings in the month of March.

    USDCHF
    Dominant bias: Neutral
    This pair merely traded sideways last week, meandering its way between the support level at 0.9850 and the resistance level at 1.0000. There is going to be a break above that resistance level or below that support level this week, although a break below the support level is more likely, because the resistance level at 1.0000 is a great barrier and because EURUSD could be seen making some bullish attempt this week. Whatever happens this week should put an end to the current neutral bias on the market.

    GBPUSD
    Dominant bias: Bearish
    GBPUSD dropped over 430 pips last week, almost testing the accumulation territory at 1.3850. Further bearish movement is possible this week and next week: Upwards bounces should be taken as short-selling opportunities. Just as it was predicted at the beginning of February 2016, GBP pairs are trending significantly downwards and they would remain under bearish pressure. However, around the end of March, GBP pairs would start rallying significantly.

    USDJPY
    Dominant bias: Bearish
    In the middle of last week, this currency trading instrument started a bullish correction that has actually become a threat to the recent bearish outlook on the market. This trading instrument should continue going further upwards this week, until the recent bearish outlook is rendered completely invalid. On timeframes lower than the 4-hour chart, there are already bullish signals. The bullish correction is also visible on other JPY pairs, which would most probably be seen making commendable bullish efforts this week and next. The outlook on JPY pairs is bright for the month of March.


    EURJPY
    Dominant bias: Bearish
    EUR/JPY cross moved lower last week, reaching the demand zone at 122.50 on Wednesday, February 24, 2016. Since then, price has gone up more than 200 pips – a sort of bullish correction that is also visible on other JPY pairs. Further northward movement of 250 pips would lead to a Bullish Confirmation Pattern in the market; otherwise price could test the demand zone at 122.50 again, owing to bearish reprisals (though it is unlikely that price would go below that demand zone).

    This forecast is concluded with the quote below:

    “I love the lifestyle of being a trader. I get to run my own business and set my own schedule. They say you should do what you love, and this is exactly what I love. What is there not to love? I wake up, take a few trades during the day, and I'm done! I can move on and enjoy the rest of my day. The best part of this life for me is that it allows me more time to spend with my children. I would not have this flexibility if I worked an 80-hour week in corporate America.” - Richard Mazur (Source: Collective2)

  4. #24
    Senior Member analyst75's Avatar

    Monthly Technical Reviews on Gold and Silver (March 2016) !!!

    GOLD (XAUUSD)
    Dominant Bias: Bullish
    Gold has been going upwards since the beginning of this year, with first 7 trading days in February being quite significant as far as the bullish journey was concerned. Price topped at 1263.13 on February 11, 2016. On the daily chart, a Golden Cross had already taken place in early February; and from the middle of that month till the end, price was very volatile as bears battled bulls for a change in the trend. However, bulls have been able to keep the “buy” signal intact as bearish corrections offered opportunities to join the bullish trend. This bullish bias would be valid as long as price does not cross the EMA 200 to the downside on the daily chart. The Bullish Confirmation Pattern in the chart remains intact: Price could test the supply levels at 1270.00, 1290.00 and 1310.00 within March and April 2016.

    SILVER (XAGUSD)
    Dominant Bias: Bullish
    Silver traded sideways in January and broke northward in February, for Gold acted as a catalyst that brought about a serious northward movement on it (as it was mentioned in the last monthly technical review on Silver). Silver reached a high of 15.9150 on February 11 and began to consolidate to the downside after that. Further consolidation for another 10 trading days could force the market to enter a neutral phase in the medium term, while a movement below the demand zone at 14.0000 might lead to a bearish signal. However, there could be a resumption of the bullish trend, especially if Gold holds out its bullishness for the next several trading days.

  5. #25
    Senior Member analyst75's Avatar

    Trading Signals for JPY Pairs (March 4 - 22, 2016) !!!

    USDJPY = Buy

    AUDJPY = Buy

    CADJPY = Buy

    CHFJPY = Buy

    EURJPY = Buy

    GBPJPY = Buy

    NZDJPY = Buy

    NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position size of 0.1 lots would be used. The breakeven stop is set after about 70-pip profit is made. A trailing stop of 100 pips is set after over 170 pips have been gained. You need to use your technical analysis to know when to enter, since you may want to trade a pair only after your entry criteria have been met.

    Disclaimer: Trading signals are provided for information purposes only and shouldn’t be construed as trading advice.

  6. #26
    Senior Member analyst75's Avatar

    Weekly Trading Forecasts on Major Pairs (March 7 - 11, 2016) !!!

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bearish
    As it was mentioned in the last forecast, EURUSD has been making some bullish attempt, which, however, has not been significant enough to render the recent bearish bias invalid. Bears pushed price downwards, but met a stiff rejection at the support line of 1.0850. Price then moved sideways and later broke upwards on Thursday, trending upwards by at least 160 pips. Since it is expected that the bullish attempt would continue this week, price could reach the resistance lines at 1.1050 and 1.1100 in the week.

    USDCHF
    Dominant bias: Neutral
    USDCHF merely moved sideways throughout last week, with no directional journey to the upside or to the downside. The sideways movement was generally between the support level at 0.9900 and the resistance level at 1.0000. Nevertheless, there is going to be a breakout this week, which would most probably favor sellers, because this pair would continue to be influenced by gravity as long as EURUSD is making bullish attempt. The support level at 0.9800 could thus be tested this week.

    GBPUSD
    Dominant bias: Bullish
    The bias on Cable is now bullish. Throughout last week, Cable made a perpetual journey to the north, going upwards by 400 pips and almost testing the distribution territory at 1.4250 (after price started going upward from the accumulation territory at 1.3850 on Monday). There is a Bullish Confirmation Pattern in the market and it is much more likely that Cable would go upwards by at least, additional 200 pips this week.

    USDJPY
    Dominant bias: Neutral
    Unlike most other JPY pairs, which traded upwards last week, USDJPY simply moved sideways. This is because USD is not strong enough to take advantage of the weak JPY (as other pairs like AUDJPY and NZDJPY have done). In fact, we can see that USD is weak versus other major pairs (like AUDUSD, NZDUSD, GBPUSD, etc.). This week, there is a probability that USDJPY would continue moving sideways or even consolidate to the downside, for there may not be a significant rally here as long as USD is weak.


    EURJPY
    Dominant bias: Bearish
    This cross traded downwards on Monday, going briefly below the demand zone at 122.50 on Tuesday and then starting a bullish journey on the same day (March 1, 2016), which saw a gain of almost 450 pips at the end of that week. The supply zone at 125.50 has already been tested and it would be breached to the upside as bullish continues to push price upwards. The supply levels at 126.00 and 126.50 are potential targets for bulls this week.

    This forecast is concluded with the quote below:

    “How about your trading? What reward/risk ratio do you think is acceptable on your trades? Do you have a defined targeted ratio before you enter a position and an acceptable effective ratio resulting from your trades? Do you manage your current reward risk ratio on open positions? Developing a strong and deeper understanding of your reward to risk management can be a great edge and a path to trading mastery.” - Sam Eder (Source: Vantharp.com)

  7. #27
    Senior Member analyst75's Avatar

    Weekly Trading Forecasts on Major Pairs (March 14 - 18, 2016) !!!

    Here’s the market outlook for the week:

    EURUSD
    Dominant bias: Bullish
    This pair consolidated from Monday to Wednesday, breaking out northward on Thursday (March 10, 2016). On that day, price first spiked downwards and then rallied significantly, testing the resistance line at 1.1200. There is a Bullish Confirmation Pattern in the market and it is possible that the price would continue going northwards this week, going above the resistance line at 1.1200, and testing another resistance lines at 1.1250 and 1.1300.

    USDCHF
    Dominant bias: Bearish
    USDCHF was merely consolidating between the support level at 0.9900 and the resistance level at 1.0000. On Thursday, the market performed a false breakout above the resistance level at 1.0000 and later trended strongly downwards. This has led to a “sell” signal in the market, which might continue this week. USD will be facing challenges from some major pairs, like EUR and GBP (even NZD will rally this week, for it would be strong versus other currencies). So USD is in for a serious battering this week.

    GBPUSD
    Dominant bias: Bullish
    As it was mentioned last week, this currency trading instrument rallied, testing the distribution territory at 1.4400 and closing at 1.4383 on Friday. Price is supposed to continue going upwards this week, targeting the distribution territories at 1.4450 and 1.4500. Price might even move beyond these distribution territories, but not without attacks from bears, who would show enough desperation in dragging price south.

    USDJPY
    Dominant bias: Neutral
    USDJPY went through a turbulent phase within March 7 and 11, with no clear victory between bull and bear. On Monday and Tuesday, price moved downwards. On Wednesday, it moved upwards, while Thursday was full of morbid threats from bears. Bulls dared the bears’ threats on Friday, managing to push price upwards slightly on Friday. What will happen next? The current price action shows that price could continue moving upwards from here, although persistent weakness in USD could cause the anticipated bullish movement to be somewhat limited.


    EURJPY
    Dominant bias: Bullish
    This cross consolidated on Monday, moved downwards on Tuesday and began to rally Wednesday. In fact, the rally that happened on Wednesday took the cross upwards by over 400 pips, as its price tested the supply zone at 127.00. Bulls are still showing willingness to push the cross further north; plus there is a bullish signal in the market. The potential targets for the week are located at 127.50 and 128.00.

    This forecast is concluded with the quote below:

    “Effective traders are willing to get out of their comfort zones and try new things. I know it might be scary to go into the unknown, but to have more in life, you must take smart risks.” – Louise Bedford

  8. #28
    Senior Member analyst75's Avatar

    Trading Signals for NZD Pairs (March 17 – April 14, 2016) !!!

    NZDUSD = Buy

    NZDJPY = Buy

    NZDCAD = Buy

    NZDCHF = Buy

    EURNZD = Sell

    GBPNZD = Sell

    AUDNZD = Sell

    NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position size of 0.1 lots would be used. The breakeven stop is set after about 70-pip profit is made. A trailing stop of 100 pips is set after over 170 pips have been gained. You need to use your technical analysis to know when to enter, since you may want to trade a pair only after your entry criteria have been met.


    Disclaimer:
    Trading signals are provided for information purposes only and shouldn’t be construed as trading advice.

  9. #29
    Senior Member Lelyz9's Avatar
    Hi Analyst75,

    I've been wondering about your post. How to convert all into BOT? Which time expiry do you suggest us to take with your analysis, the buy and sell? I don't know how to apply the stop loss, lots size, etc. into this BO things. So I guess it's better to ask you directly since you're a pro already.

    Thanks

  10. #30
    Veteran Member Ronnel's Avatar
    Quote Originally Posted by analyst75 View Post
    NZDUSD = Buy

    NZDJPY = Buy

    NZDCAD = Buy

    NZDCHF = Buy

    EURNZD = Sell

    GBPNZD = Sell

    AUDNZD = Sell

    NB: Every trade could be entered with a stop loss of 100 pips and a take profit of 200 pips. Only 0.5% is risked per trade. With an account balance of $20,000, a position size of 0.1 lots would be used. The breakeven stop is set after about 70-pip profit is made. A trailing stop of 100 pips is set after over 170 pips have been gained. You need to use your technical analysis to know when to enter, since you may want to trade a pair only after your entry criteria have been met.


    Disclaimer:
    Trading signals are provided for information purposes only and shouldn’t be construed as trading advice.
    Analyst,
    Since this is a Binary Option Site, I would request if you can make your predictions more Binary Options friendly. Some of us here trade Forex too, but there are many especially beginners who would probably like to take your advice but are having difficulties understanding the terminologies used in Forex.

    I'm speaking only for myself but I believe that since this is a Binary Option site, we should keep the topic, thread, and basically everything exclusive to Binary Option or the site will lose it's originality. People who come here are interested in Binary Option. People who come here are interested with HIGH/LOW or CALL/PUT. If they are interested with stop loss, spread, leverage, pip value, etc. this is not the site for them. I know that your intention is to help and I thank you for your kind effort but it will be really nice if we can give them the specific help that they need. I remember once during a calamity where people was hoping and praying for food, water, dry clothing and dry blankets but sadly, toys, appliances and kitchen utensils came first. They are still useful and we appreciate their help but if the basics came first then more lives could be saved.
    Last edited by Ronnel; 03-19-2016 at 09:51 AM.
    Duct Tape can't fix OTM

  11. Thanks analyst75 thanked this post

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