Forex Trading Analysis

DAILY FOREX OPPORTUNITIES

Happy and profitable new year to all of you and welcome back after holidays. While market is still in holidays mood, volume is not very much up to the mark. Speculation activities are heavy at this point of time. Brexit with no deal is probably possible as Boris Johnson seems to be in hurry to divorce with European union till the end of January. Sterling is under pressure with all this development. Gold is gaining strength and strength with the JPY’s upward trend, but this strength should start to wane soon. Eur usd hit the resistance lines in the holidays sessions and currently trading with downside bias. Aud usd is still on the upside march without any correction, upside momentum should lose it’s strength soon. Let’s discuss all the pairs in detail.

Following are the daily forex opportunities in some major forex pairs and CHART of the WEEK.

EUR USD :– Eur usd flipped without hitting the support zone expected around 1.10500 in the previous sessions due to holidays trade thin volume and also hit the resistance lines in hurry around 1.12300. The pair is currently trading with a downside bias. Sell on rallies was recommended in the previous posts and the strategy is still valid in this pair to earn good profits. Pair is currently trading around 1.11700, which is above it’s mid range, with a potential to go down. We are on the sell side.

GBP USD :– Gbp usd was well supported as predicted in the previous post, staged a robust recovery from just shy of 1.29000 and touched 1.32900 in the previous sessions. The pair is looking a little bit tired to run further, seems to take a breather for further strength. The pair is currently trading around 1.31300 at the time of writing, is in the mid of it’s range. Buying on dips if the pair goes down and sell on rallies if the pair goes up. Both strategies will be profitable at this point of time.

CHART OF THE WEEK :— USD JPY is weak due to jpy strength and seems to go down further with downside momentum but the pair’s weakness is expected to vanish soon. Buy on dips is highly recommended in this pair to earn decent profits. Pair is currently trading around 108.135 at the time of writing, a weakness till 107.500 is possible but buy on dips from here is also recommended. We are buying this pair.

USD CHF :– Usd chf is the pair showing continuous unexpected weakness due to Chf strength. Buy on dips strategy was recommended in the previous posts and the strategy is still valid to earn good profits. The pair is currently trading around 0.97000 touched 0.96000 recently. Pair is trading much below it’s mid range so a good potential to go upside is possible in this pair. We are buying the pair.

AUD USD :– AUD USD is maintaining it’s continuous growth without any correction, the upside momentum should start to wane soon. Sell on rallies strategy was recommended in this pair in my previous posts and still the same strategy is valid to earn good profits. The pair is currently trading around 0.69650 touched 0.70200 in previous session. Pair is trading near it’s Top, so a good degree of downside potential is possible in the pair. We are selling the pair.

NZD USD :– NZD USD is maintaining it’s continuous growth without any correction, the upside momentum should start to wane soon. Sell on rallies strategy was recommended in my the previous posts and still the same strategy is valid to earn good profits. The pair is currently trading around 0.66750 touched 0.67400 in the previous session. The pair is trading near it’s Top, so a good degree of downside potential is still possible in the pair. We are selling the pair.

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.

Stay tuned for more daily forex opportunities tomorrow.

DAILY FOREX OPPORTUNITIES

Forex market is enjoying holidays, and trading sideways, in absence of a meaningful volume. Eur usd was about to reach the target, but flipped to the other side to indulge traders for some more time, trend remains to the downside. Gbp usd is well supported now waiting for Brexit done until 31 Jan. Usd jpy also showed some fake strength yesterday, trend remains south. Usd chf is also on verge of making a bottom but low volume is hindering it to do that. Aud usd is also at it’s record high, hope to make a top is alive. Let’s discuss all the currency pairs in detail.

Following are the latest daily forex opportunities in some major forex pairs and CHART of the WEEK.

Eur usd :– Eur usd was trying to make a bottom but suddenly flipped towards upside amid low volume. Support is now seen around 1.10850 ( formerly 1.10500). Traders are recommended to book profits at support and initiate fresh buying in this pair. The pair is currently trading around 1.11200, a little bit of downside is still expected in this pair.

Gbp usd :– Gbp usd is well supported now as discussed in the previous post, buying on dips will be a profitable strategy in this pair. In previous trading session pair showed a price level of 1.29080 but recovered very quickly. Pair is currently trading around 1.29900, pair seems absolutely safe to accumulate for next year’s profits.

Usd jpy :– Usd jpy was trading with a downside bias till yesterday, but yesterday’s strength till 109.600 came as a surprise. Pair should trade with a downside bias in coming trading sessions, till it reaches it’s bottom. Pair is currently trading around 109.450 at the time of writing and trading well above it’s mid range so a decent downside is still possible in this pair. Sell on rallies strategy is recommended in this pair.

Usd chf :– Usd chf surprised too much, pair should find out the bottom, but is refusing to do so amid low volumes, pair showed some strength recently, touched 0.98250 but still remaining under some pressure. Pair is currently trading around 0.98000 at the time of writing. Buy on dips strategy is still valid in this pair as the bottom in the pair is expected soon. Pair is trading well below it’s mid range so a good upside is still possible in this pair.

Aud usd :– Aud usd is maintaining it’s strength without any corrections, pair is at it’s record highs and the momentum should vanish soon, sell on rallies strategy is still valid in this pair. Pair is currently trading around 0.69500 at the time of writing. Aud usd is currently trading well above it’s mid range so a good degree of downside potential is still possible in this pair.

Nzd usd :– Nzd usd is maintaining it’s strength without any corrections, pair is currently trading around it’s record highs and the momentum should vanish soon, sell on rallies strategy is still valid in this pair. Pair is currently trading around 0.66700 at the time of writing. Currently trading well above it’s mid range so a good degree of downside potential is still possible in this pair.

Stay tuned for more daily forex opportunities tomorrow.

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.

DAILY FOREX OPPORTUNITIES

M.P.s are in favour to leave EU on 31 jan. Boris Johnson is now one step closer to get Brexit done. The ayes to the right 358, The noes to the left 234, so the ayes have it, the ayes have it. MPs approve Brexit deal with a majority of 124. EU withdrawal bill will now further discussed in Parliament. The bill is also not in favour of extension of the transition period. Gbp usd is well supported now. Eur usd will also get the benefit and likely to be well bid. Chf is losing its strength for now, let’s see the development in usd chf .

Following are the daily forex opportunities in some major forex pairs and CHART of the WEEK.

EUR USD :– Eur usd is now reaching the the price where buying on dips will be a profitable strategy. Pair is currently trading well below it’s mid range, will probably find the bottom in next couple of days. Pair is now trading around 1.10825 at the time of writing, buying is recommended in this pair from 1.10500-600 to earn good profits.

CHART of the WEEK:– GBP USD is now well supported, pair is currently trading around it’s support zone. Buying on dips will be a profitable strategy in this pair to earn decent profits. Pair is currently trading around 1.30120, very much near to it’s bottom.

USD JPY :– USD JPY is currently losing its strength, and trading around 109.400. Sell on rallies strategy will be profitable strategy in this pair. Pair is currently trading well above it’s mid range and the downside potential is possible in the pair as discussed in the previous posts.

USD CHF :– CHF is currently losing it’s strength, and the pair USD CHF trading below it’s mid range, with potential to stage a considerable rise. Pair is currently trading around 0.98200 at the time of writing. Buy on dips will be a profitable strategy in this pair to earn good profits till the pair find it’s TOP. Traders have to always steal smart profits to be successful.

AUD USD :– AUD USD is currently trading well above it’s mid range and currently trading around 0.69070 at the time of writing. Sell on rallies strategy is recommended in this pair in my previous posts and I still stick the same view till the pair find the bottom. Correction is must in every pair to gain further strength, which is still awaited in the pair.

NZD USD :– NZD USD is currently trading well above it’s mid range and currently trading around 0.66100 at the time of writing. Sell on rallies strategy is recommended in this pair in my previous posts and I still stick to the same view till the pair find it’s bottom. Correction is must in every pair to gain further strength, which is still awaited in this pair.

Stay tuned for more daily forex opportunities tomorrow.

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.

DAILY FOREX OPPORTUNITIES

Forex market is calm due to holidays. Limited action can be expected in this type of atmosphere. Market showed only sideways moves yesterday as expected,Chf is maintaining it’s strength it’s high time to buy Usd chf as the strength should be over soon. Japanese yen started to show strength as predicted in the previous post. Nzd and Aud are also getting advantage of thin volume. GBP USD will probably find the bottom in next couple of days. There is no change in technicals from yesterday so there is not much to explain in daily forex opportunities.

Stay tuned for more daily forex opportunities tomorrow.

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.

DAILY FOREX OPPORTUNITIES

We are now in mid December, winter season Christmas day holidays are coming closer, holidays will start from Christmas eve, and the real volume will arrive in market probably after next year 5 Jan. Till then a sideways price action will be expected as the market volume will be thin. Gbp/usd traded exactly as expected still trading with a downside bias, Eur/Usd strength yesterday came as a surprise, Swiss Franc is maintaining it’s strength but probably will soon be over, whereas Japanese yen weakness is coming to an end. Let’s discuss the Technicals in detail next.

Following are the daily forex opportunities in some major forex pairs and CHART of the WEEK.

EUR USD:– EUR USD trades back and forth just to trap binary traders yesterday but as predicted the bias was down touched 1.11750 and backed up to 1.11300 later, sell on rallies strategy is still valid in this pair till the pair will find out the bottom. Pair is currently trading at 1.11350. Pair is still above it’s mid range so a good weakness is still possible.

GBP USD:– GBP USD traded with a downside bias yesterday as predicted, currently trading near 1.31000. But the Bottom in still to find in this pair, will probably be near 1.30000-1.29700, pair will try to make a solid base in next couple of days. Pair is currently trading below it’s mid range so moderate weakness is still expected.

USD JPY:– USD JPY is in pause mode for the last few days, seems that the current strength in Dollar in this pair is over, the pair will find out it’s Top so soon, probably today or tomorrow, sell on rallies strategy is recommended in this pair. Pair is currently trading around 109.450. The pair is well above it’s mid range so only a little upside is expected in this pair.

CHART of the WEEK:– USD CHF is down due to strength in swiss Franc, made a low of 0.97970 yesterday, but this strength probably will come to an end soon. Pair is currently trading around 0.98067. Buy on dips strategy is still valid in this pair. Pair is trading well below its mid range, so only a little downside is expected in this pair.

AUD USD:– AUD USD backed off from it’s recent highs, currently trading around 0.68450, pair is trading still above it’s mid range so a good weakness is still possible. Sell on rallies strategy is still valid in this pair to earn good profits, the pair will probably make a base around 0.67500.

NZD USD:– NZD USD backed off it’s recent highs, currently trading around 0.65600. The pair is trading well above it’s mid range, so a good weakness is still possible in this pair. Sell on rallies strategy is still valid in this pair to earn decent returns, traders should let the profits run for now till the pair will find the bottom.

Stay tuned for more daily forex opportunities tomorrow.

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.