Forex Trading Analysis

IS IT TIME TO BOOK PROFITS IN FOREX MARKETS?

Congratulations to all, who are regular readers of this blog. Hope you enjoying good profits. Forex major pairs reacted mostly according to our predictions. Now the question is whether to book profits here or keep your positions on? Eur usd was predicted to trade with a bullish bias the pair is currently trading around 1.10550, is the Top near? Gbp usd was recommended to buy on dips, should we continue to do that? Usd jpy was recommended to sell on rallies, pair is fetching great profits, thank you very much Usd jpy, made a low around 107.300. Next pair giving our readers a great profits is Usd chf. Pair is currently trading around 0.96300. To buy on dips strategy was recommended in Aud Usd, should we continue to do the same. The pair’s current price is 0.65110. The same was recommended in Nzd usd, i.e., to buy on dips, pair is currently trading around 0.62200. Let’s discuss about the fate of forex major pairs.

Following is in detail, is it time to book profits in forex markets?

Eur usd :– Eur usd was recommended to buy on dips in our previous posts . The pair is fetching good profits for our readers. The current price is around 1.10550. Should we book profits in the pair and start selling the pair from here? The answer is yes. Traders should book full profits here and start selling the rallies. The pair is hitting it’s resistance lines. The Top is very much near according to our belief. We are going to book profits today and also to start selling from the current price.

Gbp Usd:– Gbp usd eroded most of it’s gains last week, as stated in the previous post that the pair is trading above it’s support lines and to buy on dips was recommended. The pair continued to trade with a bearish bias, made a low around 1.27200, currently trading around 1.28200. Is the buy on dips strategy still valid in this pair or the weakness will persist? The answer is to buy on dips strategy is still valid in this pair, the pair is expected to trade with a bearish bias for some time, but the weakness should be short lived, no need to worry at all. We are buying this pair on every dip according to our capabilities.

Usd Jpy :– Usd Jpy is the pair in which we sold rallies from 110 to 112.200 and recommended the same to our readers as stated in our previous post. The bullishness in the pair was a trap for buyers and is proved this week. The break of 111.260 was an evidence of the short term Top. The pair behaved exactly according to our predictions, made a low of around 107.300, currently trading around 107.700. Now the question is whether we should book profits here and start picking on dips or the weakness should persist. The answer is, it’s high time to book profits and to start buying the pair on every dip. We already booked profits around 107.400 and also started to buy from there.

Usd chf :– In Usd chf we recommended sell on rallies from 0.98200 and above. Luckily the pair made a Top there. I used a word luckily because this pair used to spend more time in consolidations but this time not. The pair backed off from it’s recent highs and made a low around 0.96100. Should we book profits here and start buying the dips? The answer is yes, traders should book their profits here and start buying on dips from here, the consolidations may be long and frustrating but the pair will fetch you good money in the end. We have no positions in this pair.

Aud usd :– Aud Usd is the pair in which we recommend to buy on dips on every weakness, the pair’s weakness was more than our expectations, but as deeper is the low more is the possibility of profit. The weakness should be taken as an opportunity to make profits. The pair is currently trading around 0.65300, making a low around 0.64200. To buy on dips strategy is still valid in this pair to earn decent profits. We are buying this pair on every dip.

Nzd Usd :— In Nzd Usd we recommended to buy on dips in our previous posts. The pair made a low around 0.61900, currently trading around 0.62400. The pair is currently trading around it’s support lines, once the pair bounce from there the profit potential will be unlimited. Deeper is the low more is the possibility of profit. No need to worry if pair trades with some bearish bias, take it as an advantage to make profits. We have no positions in this pair.

Stay tuned for more in, is it time to book profits in forex markets? for ad hoc updates.

DISCLAIMER :- Forex trading involves significant amount of risk, may not suitable for all. However the above information is deemed to be reliable, traders should trade according to their risk and money management.

EUR USD LATEST FORECAST

In previous post we highlighted that Eur Usd is stabilized and near term bottom is in place.

Eur usd :— Eur Usd is holding ground this week. Weakness in euro was so much stretched and the bounce was inevitable. Euro made a high of 1.08620 on Friday. That means the near term bottom is in place, any weakness from here will present good profit making opportunities. The pair is currently trading around 1.08200 at the time of writing. The pair is trading exactly at it’s support lines. We are buying this pair.

Following is the eur usd latest forecast :–

Eur usd maintaining it’s strength and is still little bit below the midpoint of it’s recent price range. The bullish bias in this pair is still intact. The pair should continue to grow in the near future. We are buying this pair on every dip. Current price around 1.09000 at the time of writing.

Stay tuned for more in Eur Usd latest forecast.

DISCLAIMER :– Forex trading involves significant amount of risk, may not suitable for all. However the above information is deemed to be reliable, traders should trade according to their risk and money management.

LET’S SEE HOW AND WHEN IT TURNS IN OUR FAVOR, THIS WEEK FOREX TRADING

U.S. DOLLAR started to loose it’s grip last week. Things should turn in our favor later or sooner. Eur usd stabilized and the downward momentum is vanished. The pair is now expected to trade in a broader range of 1.07000 to 1.10000 for some time. Gbp usd outlook also turned positive. Usd jpy backed off it’s recent highs, but will take some time to get the picture more clear. Usd chf is still hovering around the same levels as last week. Aud usd traded with a downside bias but soon expected to be strong footed. Nzd also weakens against usd but the weakness should be short lived. Let’s discuss all the major pairs in detail.

Following is Let’s see how and when it turns in our favor, this week forex trading.

Gbp Usd :— Gbp Usd eroded most of it’s profits last week and made a low of 1.28420. The weakness was very short lived and the pair returned to the familiar levels in no time. From here the pair is expected to trade with a bullish bias. So buy on dips will provide excellent profitable opportunities. The pair is trading above it’s support lines at around 1.29200 at the time of writing. We are buying this pair.

Usd jpy :— We are selling the pair Usd Jpy on rallies from 110.00 with expectation to make profits. The following bullishness in the pair was exactly not expected but we are confident that this robust price hike will be short lived and will provide us good profits making opportunities. The pair made a high of around 112.200 last week but trying to return to the familiar levels this week. A break of 111.260 will assure that the shot term Top is in place. We are selling the pair with the exception that the pair pair will respect the fibonacci levels.

Usd Chf :— Usd Chf was trading around it’s 0.98200 in the beginning of last week. As recommended in our previous post to sell the rallies. The pair made a high around 0.98475 last week, currently trading around 0.98017 with a bearish bias. The pair is trying to back off it’s recent resistance lines. We have no positions in this pair.

Aud Usd :— We were expecting Aud Usd to find support near 0.66900 as stated in our previous post. Due to U.S. Dollar strength last week pair, visited a low around 0.65800, but returned to the higher levels around 0.66400, currently trading around 0.66030 at the time of writing. To buy on dips strategy will be a profitable in the near term to earn decent profits. We are buyers in this pair as the pair is trading at it’s support lines.

Nzd Usd :— Nzd Usd was predicted to make a bottom around 0.64000 as stated in our previous post. With Dollar strength the pair made a low around 0.63000, returned to 0.63560 currently trading around 0.63200. The pair’s consolidations are usually longer than others. The pair is currently trading at it’s support lines. To buy on dips strategy on further weakness will provide excellent profitable opportunities in the near term. We have no positions in this pair.

Stay tuned for more in let’s see how and when it turns in our favor, this week forex trading for ad hoc updates.

LET’S MAKE THIS WEEK PROFITABLE IN FOREX TRADING

Forex market witnessed a mixed last week. While U. S. dollar was strongest against euro, weak against sterling, and was stagnant against Japanese yen. Some economists were of the view that due to coronavirus, there is a risk atmosphere in the market, beneficial for risk assets like euro. Despite that euro continued it’s weakness. The weakness in euro is looking so much stretched and ready for a bounce. Gbp usd is maintaining it’s strength for now. Usd jpy is stagnant for now. Usd chf is maintaining it’s strength but the same should be vanished soon. Aud usd made it’s bottom as expected in our previous post. Nzd usd was trading around it’s support lines last week and continues to consolidate it’s short term bottom. Let’s discuss all the major pairs in detail.

Following is let’s make this week profitable in forex trading.

Eur usd :– Eur Usd was recommended to buy on dips in our previous post. The following weakness was exactly not expected and came as a surprise. The pair is currently trading around 1.08380 and the weakness looking overstretched and ready for a bounce. Pair is continuing to trade at it’s support lines. We have buy positions in this pair and recommend the same to traders to fetch decent profits.

Gbp usd :– Gbp Usd was recommended to buy on dips in our previous post. The pair was trading around 1.28900 that time. The pair staged a robust bounce from that price currently trading around 1.30400 with expectation to advance further. Traders are advised to keep their positions on and let the profits run for now. We are holding our buy positions in this pair. Currently the pair is in the mid of it’s recent trading range with a bullish potential.

Usd jpy :— Usd Jpy was recommended to sell on rallies in our previous post. The pair remained stagnant whole week looking for it’s direction. We continue to see 110.00 as the short term ceilings in this pair. Selling the rallies will be the best strategy to make good profits in the pair. The pair is trading around it’s resistance lines with potential to increase it’s weakness. Pair is currently trading around 109.850 at the time of writing. We are sellers in this pair.

1st update :– 20 February 2020 — Usd jpy this type of rally was unexpected. It is mainly due to Japanese yen weakness. From here rally can extend to 112.200 as the momentum is stronge. Yen sometimes shows such type of surprises. But selling the rallies will offer decent profits making opportunities. Current price of pair is 111.350.

Usd chf :— Usd Chf is the pair usually spends much time in consolidations. The pair is no doubt trading around it’s resistance lines and also looking very much stretched. To sell on rallies will fetch you good degree of gains. The pair is currently trading around 0.98200 at the time of writing, with expectation make it’s Top soon. We have no positions in this pair.

Aud usd :– Aud usd was exactly at it’s support lines around 0.66950 as stated in our previous post. The pair made a bottom there and currently trading around 0.67300 at the time of writing. The pair is trading just below the midpoint of it’s recent range with expectation of further advances. To buy on dips strategy will prove profitable in the pair. We have buy positions in this pair.

Nzd usd :– Nzd Usd was at it’s exact support lines around 0.64000 as stated in our previous post. The pair is currently in consolidation mode trading around 0.64350 with expectation to post further strength. The pair bounced from it’s recent support lines and trading above it’s support zone for now. To buy on dips will be a profitable strategy in this pair. We have no positions in this pair.

Stay tuned for more in let’s make this week profitable in forex trading.

CARRY ON YOUR WINNING STREAK THIS WEEK IN FOREX

In previous post we highlighted that buy on dips strategy in eur usd will be profitable. The pair is currently trading around 1.09500. Buy on dips was also recommended in gbp usd. The pair is currently trading around 1.28900. Traders were advised to book profits in Usd jpy buy positions and to start selling the pair. The pair is currently trading around 109.800. Usd chf was predicted to trade with bullish bias. Pair is currently around 0.97700. Buy on dips was recommended in aud usd. Pair is currently trading around 0.66900. Nzd usd was predicted to trade with a neutral to bullish bias and buy on dips strategy was recommended. Pair is currently trading around 0.64050. Let’s discuss all the major pairs in detail.

Following is the prediction to carry on your winning streak this week in forex.

Eur usd :– Eur usd was predicted to buy on dips in our previous week’s post. The pair is feeling some pressure due to better than expected U.S. jobs report. But this pressure should soon be vanished and the pair should consolidate this support line as per our analysis. The pair is currently trading exactly at it’s bottom line and to buy on dips strategy is valid in this pair to earn decent profits in coming days and weeks. The pair’s current price is 1.09500. We are buyers in this pair.

Gbp usd :– Gbp usd seemed to be in hurry last week to make it’s Top and the bottom. The pair made it’s Top around 1.32000 and very soon returned to it’s bottom area around 1.29000. The pair is currently trading around 1.28900, very much near to it’s exact support lines. To buy on dips strategy is recommended in this pair to earn decent profits in near term. We are buying this pair on dips as this is high time to buy this pair without hesitation.

Usd jpy :– Those who were buyers in Usd jpy around 108.300 were recommended to book profits in their positions last week. Also selling was advised to start in this pair around 109.900. The pair is very much near to the aforementioned price and to sell on rallies strategy is valid in this pair to earn decent profits in near future. The pair is trading near it’s Top lines with some bullish bias but exact Top is very much near. We are selling the pair.

Usd chf :– Usd chf is the pair usually takes so much time to reach it’s Top and the bottom. This time also took so much time to reach it’s Top. But after waiting so long we can now say that the pair is trading near it’s Top line and time is to book profits and to start selling the rallies. Pair is currently trading around 0.97800, is also expected to spend time near it’s Top and to trade with some bullish bias. We have no positions in this pair.

Aud usd :– Aud usd was at exact support lines last week as expected in our previous post. To buy on dips strategy is valid in this pair as the pair is very much near to it’s bottom lines. The pair is currently trading around 0.66950 at the time of writing. We are buying this pair.

Nzd usd :– Nzd usd was recommended to buy on dips in our previous post. Now it’s high time to buy this pair. Pair is currently trading around it’s exact support lines, current price is 0.64000. Buy on dips strategy is still valid in this pair to earn good profits. We have no positions in this pair.

Stay tuned for more in carry on your winning streak this week in forex.