Subscribe to RSS

Weekly Trading Forecasts on Major Pairs (September 14 – 18, 2015)

Here’s the market outlook for the week:

EURUSD

Dominant bias: Bullish  

As it was mentioned in the last forecast, bulls made effort to push EURUSD upwards, and they were successful in doing that. Before this, the market consolidated for the first few days of the last week and then broke upwards, giving the resistance line at 1.1350 a close marking. In case the resistance line is broken to the upside, the next targets for bulls are located at the resistance lines at 1.1450 and 1.1500.

USDCHF

Dominant bias: Bullish

This currency trading instrument moved largely sideways last week, not going above the resistance level at 0.9800 or going below the support level at 0.9650. Bulls made futile attempts to go above the resistance level at 0.9800, and also, bears were unable to dominate the market. Looking more closely at the current price action, it can be seen that the market has started threatening to break down. Nonetheless, the impending breakdown would not be taken serious unless the support level at 0.9600 is breached to the downside. Two factors will determine the direction on this currency trading instrument this week: What happens to EURUSD (which will most probably move further north) and/or the situation around CHF (which could make it strong this month).

GBPUSD

Dominant bias: Bullish    

GBPUSD made sincere effort to go upwards last week – with a measure of success. It is possible that the pair would continue moving upwards this week, owing to the presence of a Bullish Confirmation Pattern in the market. The distribution territory at 1.5450 has already been tested and it could be broken to the upside. GBPUSD could move further north by at least, 200 pips this week.

USDJPY

Dominant bias: Neutral    

Apart from a slight upward movement, there was no clear direction on USDJPY last week. Price closed at 120.57 on Friday, in a consolidating mode; and there can be a breakout in any day of this week. Price would either break above the supply level at 121.50 or break below the demand level at 119.50. That is when there will be a directional movement.

EURJPY

Dominant bias: Bullish

This EURJPY cross is now one of the most predictable instruments among the majors which moved in a directional mode last week. The EURJPY cross moved north by 400 pips, now close to the supply zone at 137.00. Given the ongoing weakness in Yen and strength in EUR, there is a high possibility that the uptrend would continue, enabling the supply zone at 139.00 to be attained before the end of this week.

This forecast is concluded with the quote below:

“I have everything that I need to live well, that is true, but I enjoy the mental stimulation and the challenge [trading offers]. I can see myself still trading when I turn 100.” – Paul Nojin

Source: www.tallinex.com

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

Weekly Demo Trading Contest – Adamant Finance

Weekly Demo Trading Contest – Adamant Finance(0)

Weekly Forex Demo Trading Contest 2017 total amount of the prize fund is 1300USD. We announce traders’ contest for all who want to take part and to gain prizes. Link:  $50 No Deposit Welcome Bonus Link:  Weekly Forex Trading Contest Available to: All new and existing clients. Ending Date: 31 December 2017 Contest offer: Forex

$30 Fx Bonus to Your Account Completely Free – Fidelis

$30 Fx Bonus to Your Account Completely Free – Fidelis(0)

Get $30 No Deposit Fx Bonus Promotion in your Fidelis CM account and start your forex trading career. Open your new trading account with Fidelis CM in a few simple steps and get your $30 Fx Free No Deposit Bonus credited in your account. Link:  $30 Forex No Deposit Bonus Completely Free Available to: All

Free Forex Trading Signals Promotion – Forex Time

Free Forex Trading Signals Promotion – Forex Time(0)

FXTM Free Forex Trading Signals Spotting Trading Opportunities Just Got Easier and Up to 200% Withdrawable Cashback Rebates and get $4 Cashback back for every lot you trade. Link:  Free Forex Trading Signals Link:  Loyalty Cashback Promotions Link:  200% Withdraw able Cashback Rebates Ending Date: 31 December 2018 Available to: All Customers Bonus Offer: ForexTime

Free MT4 VPS plus 100% Welcome Bonus – FXGiants

Free MT4 VPS plus 100% Welcome Bonus – FXGiants(0)

FXGiants is offering its valued Trader  the exclusive 100% Maximiser Forex Welcome Bonus. Be rewarded with this unique offer and maximise your trading potential with NO limits. Link:  $35 No Deposit Bonus Promotion Link:  100% Maximiser Deposit Bonus. Link:  20% Bonus Advantage up to $2000 Available to: All new trading account Bonus offer: $35 No

$1000 Welcome Deposit Bonus Promotions – eToro

$1000 Welcome Deposit Bonus Promotions – eToro(0)

Get Forex Welcome Deposit Bonus Promotions code by eToro Forex Broker. Trade over 900 global instruments with most advance and friendly trading platform. Link:  Top Copy Trading Social Platforms Link: Up to $1000 Welcome Deposit Bonus Available to: All new account Ending Date: 31 December 2018 Bonus Offer: Get Forex Welcome Deposit Bonus Promotions code

$50 Forex No Deposit Welcome Free Bonus – ForexBull

$50 Forex No Deposit Welcome Free Bonus – ForexBull(0)

$50 Forex No Deposit Welcome Free Bonus is available to all new clients of ForexBull as well as for those who still haven’t got any previous No Deposit Welcome Free Bonuses from the company. Link:  $50 Forex No Deposit Welcome Bonus Available to: All new trading account Ending Date: 31 December 2017 Bonus offer: $50

Forex Global Demo Trading Contest 2017 – AETOS

Forex Global Demo Trading Contest 2017 – AETOS(0)

The AETOS Capital Forex Global Demo Trading Contest 2017, with weekly prizes and overall championship prizes to win! The total prize of the contest is worth $10,000*! Link:  Global Forex Demo Trading Contest Available to: All clients Ending Date: 31 December 2017 Contest offer: Global Forex Demo Trading Contest Top prize worth $10000 As one

100% Double Dynamo Bonus up to $10000 – FXPRIMUS

100% Double Dynamo Bonus up to $10000 – FXPRIMUS(0)

100% Double Dynamo Bonus Forex on up to $10,000 plus up to $4 cash back Rebate Bonus for every lot traded! Be rewarded with this incredible offer which is available for a limited time only Link: 100% Double Dynamo Bonus Available to: All New and Existing Clients Ending Date: 31 December 2018 Bonus offer: 100%

Get 25% Credit Bonus on their first Deposit – HYCM

Get 25% Credit Bonus on their first Deposit – HYCM(0)

Get 25% Credit Bonus available on your Deposits. Experience Some of HYCM New Features, Services and Offers Receive 25% Forex trading credit bonus Link:  25% Trading Bonus on your Deposits Ending Date:  31 December 2017 Available to:   New Clients only Bonus Offer: 25% Trading Bonus Available on your deposits to New Clients only. This promotion

50% Deposit Bonus and $5 No Deposit Bonus – FortFs

50% Deposit Bonus and $5 No Deposit Bonus – FortFs(0)

Up to 50% Bonus of Every Deposit and $5 Forex No Deposit Welcome Bonus. You Deposited $1000 on your account, chose a 50% bonus and got 500 extra dollars to the initial deposit amount. Link:  Up to 50% Bonus of Every Deposit Link:  $5 Forex No Deposit Welcome Bonus Link:  15% Support Margin Bonus Available

read more

Forex Featured Broker

Contacts and information

ForexDepositNews.com Forex Deposit Bonus, Forex No Deposit Bonus, Forex Live Contest, Forex Demo Contest, Free Forex Bonus Forex Brokers Review and Other All Forex promotions.

ForexDepositNews.com

Social networks

Most popular categories