Zone
USDJPY / 4HR / BAT PATTERN (Waiting for DB)After our previous 3 winners on this pair, we can now see that
Price Action has dropped into our Buy Zone.
This is the area I want to pay attention to the market and wait
for a Double Bottom, for added confirmation to place my Trade.
PAIR: USD/JPY
TTF: 4HR
TRADE: BAT PATTERN
NOTE: These are potential Trade opportunities based
on my own personal Analysis.
Thank you,
Star Prosper
Philip Stewart
World-Signals.com forecasts for Year 2017What will happen in 2017 and our forecasts in this article.
In the forex market the forecasts for EUR/USD is to reach levels of 0.90. The Euro weakness continue in 2017 due too serious budget problems in the Euro Zone also interest rates divergence.
The Pound to cut the half of the losses against the dollar in 2017 and became more attractive currency.
Crude Oil slowly will recover to $65 for a barrel (New York) as the trading range is $42 - $65.
The war in Syria will end in 2017 but in Iraq the war will continue together with new escalating of the conflict in Libya.
A bad year for Europe we expecting where there are two scenarios in 2017-2018. The most negative expectations are the start of civil war in Western Europe. The other way is Western Europe to start cooperating with the Russian Federation and end of the sanctions.
After Brexit other countries will try to leave European Union as higher chance to see for France and Italy.
Forecast for 2017Current traffic growth will only be a correction in the strong downward trend. The differences in the activities of central banks will continue to support the dollar, which should lead eurodollar to new lows. The aim at the moment seems to be the level of 1.0214 (peak of July 2012) and 1.00 A further target is at the level of 0.94.
AUDUSD resistance zone sellI am still kind of a new trader and still learning, done those drawings and I believe the price will bounce from the blue box (resistance) and will break both trendlines I drew and will go short to at least .74700 (lower red line). If you have anything to add or want to correct me, please feel free to do so! I am looking for anything that can develop my trading skills!
Analysis and Forecast EUR / USD - Weekly review (12.12-16.12)Last week was the end of the correction from 1.0504, which reached just above an important resistance zone, located on levels 1,0847-64. Accordingly, the maximum target correction was completed and returned to the market declines. Ahead of the Federal Reserve meeting, which again may lead to greater volatility. However, in the longer term still applies downward trend.
The first trading hours should elapse under the dictation of the demand side, which will be willing to lead to a correction decline from the level of 1.0873. Increases should be limited in nature and should not exceed the levels 1,0600-31. Perhaps here we can see a trend side pending the meeting of the Federal Reserve. Then, after the expected correction we should go back in the direction of the last holes 1,0504-31, which break open the way toward last year's lows 1.0490 and 1,0456-60. Signal to the stronger downward movement, may be the information contained in the minutes of the FOMC.
Note: if the market will be strongly disappointed with the result of the meeting of the Federal Reserve, once again we see strong growth and perhaps a return to recent highs.