Forex Trading Analysis

DAILY FOREX OPPORTUNITIES

A stable government optimism in Gbp/usd seems to be priced in, pair is back off the recent highs of above 1.35000. Clear majority for Boris Johnson came with a big responsibility of safe and sound Brexit, clear majority doesn’t mean Brexit with a deal, but still there is a long way to go till Brexit with deal or no deal. U.K. and E.U. will move into a transition phase, where negotiations on trade, legal, immigration, and several other issues will be done. Both E.U. and U.K. will try not to sacrifice their respective interests, negotiations will be complex and controversial, so to reach the conclusion will not be an easy task.

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

EUR/USD:– Sell on rallies strategy was recommended in this pair, the pair is well off it’s highs currently consolidating it’s recent moves, will wander here for some time currently trading at 1.11300. Sell on rallies strategy is still valid in this pair to earn decent profits.

GBP/USD:– Gbp/usd is well off it’s recent highs of 1.35067. Sell on rallies was recommended in this pair, and sell on rallies strategy is still valid in this pair to earn good profits, pair is currently trading at 1.33850 at the time of writing.

USD/JPY:– USD/JPY made a bottom at 108.500 recently and currently trading exactly at the mid of it’s price range currently trading at 109.400. Traders should let the profits run for now till the pair find it’s Top in next couple of days.

USD/CHF:– USD/CHF is still firm and bid right now currently trading at 0.98400, pair is trying to find it’s Bottom and will probably succeed in the same in coming days, buy on dips will be a profitable strategy in this pair.

AUD/USD:– AUD/USD is trying to form a Top and will probably succeed to do so in coming days currently trading near 0.68700 off it’s recent highs of 0.69400. Pair will consolidate it’s recent moves for some time, sell on rallies strategy will be profitable in the pair to earn good profits.

NZD/USD:– Same as AUD/USD, NZD/USD is trying to find it’s Top and will probably succeed to do so in coming days currently trading at 0.65930. Pair will consolidate it’s recent moves for some time, sell on rallies will be profitable strategy in this pair to earn good profits.

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

As stated in my earlier posts, U.K. general elections was a big event and will effect the forex market to so much extent. Opinion polls predicted that Conservatives will not be able to generate enough seats to have a clear majority but exit polls today are showing clear majority to conservatives, while the counting is on, there is still some time to get the clear picture. All risk currencies are hoping for the clear majority win of conservatives and already hovering at their TOP prices. Gbp/usd touched 1.35067 this morning, Eur/Usd is trading at 1.11800, Aud/usd, and Nzd/usd also trading at their Top prices.

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

EUR/USD:– Eur/Usd is currently trading around 1.11800, and gaining strength due to Gbp/usd’s hopes. Sell on rallies strategy is still recommended in this pair as the price is already hovering around it’s Top.

GBP/USD:– Gbp/usd staged a robust price hike with hopes to get a clear majority for conservatives, as stated in my previous posts to stay away from this pair till election results. The favorable results seemed to be already priced in, the pair’s price probably will not go much higher from here. Selling on rallies will be a profitable strategy in this pair.

USD/JPY:– USD/JPY is trading as expected in earlier post and formed a bottom around 108.500, for now let the profits run till the pair find the Top in the coming days.

USD/CHF:– USD/CHF is trying to form a base as predicted, yesterday the pair fell a bit and made a low of 0.97980 ( which was not expected) but immediately made a robust recovery currently trading at 0.98500, buy on dips will be a profitable strategy in this pair.

AUD/USD:– AUD/USD staged a surprise rally yesterday ( which was not expected), will probably prove a trap for buyers, pair is currently trading at 0.69270, further strength from here is not expected, and sell on rallies will be a profitable strategy in this pair.

NZD/USD:– NZD/USD staged a surprise rally yesterday ( which was not expected), will probably prove a trap for bulls, bulls are warned in this pair as the Top is coming soon. Pair is currently trading at 0.66150. Further strength in this pair will be a profitable sell opportunity.

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

U.S. DOLLAR continues to maintain it’s strength, forex market is in search of a catalyst to breakdown, perhaps today’s big event of U.S. fed report will give a direction. Tomorrow long awaited U.K. elections event will also resolve the thin volume range bound atmosphere. Latest opinion poll results predict decreasing majority of Tory, resulting in the possibility of hung parliament. Gbp/usd continuously hitting the resistance lines and trying to form a Top, risky traders should start selling the pair, conscious traders should stay away from the pair.

Following is the daily forex opportunities in some major forex pairs and CHART OF THE WEEK.

EUR/USD:– Eur/Usd tried to show some strength yesterday but was unable to crack the resistance lines. The sell on rallies strategy is still valid in this pair. Further efforts of euro to hit the resistance lines should be taken as double top.

GBP/USD:– Gbp/usd tried to show some strength yesterday but returned to the familiar levels, currently trading at 1.31350 at the time of writing. Risky traders should start selling in the pair but the conscious traders should stay away from this pair till the U.K. elections event dust settles.

USD/JPY:– USD/JPY continues to form a base at 108.500 as expected. Buying on dips in this pair is still valid, U.S. dollars is maintaining it’s strength right now.

CHART OF THE WEEK:- USD/CHF was trading above 0.99000 as predicted but yesterday showed some weakness, currently trading at 0.98450, yesterday’s weakness should not be taken as resumption of downtrend but should be taken as double bottom. The pair is also the CHART of the WEEK today.

AUD/USD:– AUD/USD made a Top at 0.68500-600 as predicted, currently trading at 0.68100 at the time of writing. Traders should let the profits run for now till the pair will find the bottom.

NZD/USD:– NZD/USD made a Top at 0.65600-700 as predicted, currently trading at 0.65250 at the time of writing. Traders should let the profits run for now till the pair will find the bottom.

Stay tuned for more daily forex opportunities tomorrow.

DAILY FOREX OPPORTUNITIES

U.S. Dollar is maintaining it’s strength and is well bid, traders should not expect any major move in forex markets till FED and ECB reports this week, market needs a catalyst to breakdown, U.K. elections on Thursday will create a good volatility and provide excellent opportunities to make profits. Markets hardly moved yesterday, so there is no change in the Technicals. Please see previous post for the latest technical setups.

Stay tuned for more daily forex opportunities tomorrow.

DAILY FOREX OPPORTUNITIES

U.K. elections campaign entering it’s last phase, Boris Johnson maintaining his lead over labour party, it seems that U.K. general public needs Brexit done now, all eyes will be on market reaction this week, particularly if labour party wins with clear mandate. Looking at forex market, Gbp/usd is still firm and bid right now, in all other pairs U.S. dollar is maintaining its strength. Forex and world markets will probably trade sideways till Thursday 12 December, markets will not react to opinion poll results. A good degree of caution is recommended till elections results.

Following are the Daily Forex Opportunities in major forex pairs and Chart of the week.

EUR/USD:– Eur/Usd was recommended to sell on rallies till 1.11200, in my previous posts ( please see previous posts) currently trading at 1.10550. USD is maintaining it’s strength currently and traders should let the profits run for now till the pair reaches the bottom.

GBP/USD:– Gbp/usd is staying firm and bid right now, U.K. general elections, this week on Thursday will surely increase the volatility in the pair, traders should trade the pair cautiously. Nobody knows how the pair will react with polls results, specially if Labour party wins.

USD/JPY:– USD/JPY is trying to find the bottom right now as predicted in my previous posts ( please see previous posts), the pair will probably find the bottom in the coming days at 108.500. Traders are recommended to buy the pair here at 108.500 and below to earn a good profit.

USD/CHF:– USD/CHF pair found the bottom as expected, the pair was our CHART Of The WEEK in our previous posts ( please see previous posts). Traders should let the profits run for now till the pair find the top in the coming days. The pair is currently trading at 0.99099 at the time of writing.

AUD/USD:– AUD/USD pair was recommended to sell on rallies in our previous posts ( please see previous posts). The pair found the Top at 0.68500 as expected currently trading at 0.68300 at the time of writing. For now let the profits run in the pair till the pair find the bottom. If the pair revisits 0.68500 or above, it will be a good opportunity to sell once again.

CHART OF THE WEEK:– NZD/USD was our CHART of the WEEK in the previous posts ( please see previous) currently trading at our expected TOP price, the pair will probably succeed in finding the TOP in the coming days. Traders are recommended to sell on rallies in this pair to earn decent profits, the pair’s trading ranges are usually long.

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.