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Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Mar 17, 2019 at 11:07

EURUSD Forecast: A week of 90 pips as the result of Brexit optimism, not a self-strength.The summary of the past week: A week of 90 pips as the result of Brexit optimism, not a self-strength.Fundamental Analysis: USD ended the week lower against all of the major currencies on the back of softer economic data. DXY ended the week at 95.88.After the mixed employment report released in the previous week, and weaker-than-expected US data released throughout the week. US CPI increased by 1.5% YoY in February, while the core reading printed 2.1%, below the previous estimate of 2.2%, slightly below t...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Mar 17, 2019 at 10:54

XAUUSD Gold Forecast: Will FED meeting be the catalyst?https://www.myfxbook.com/files/itradeandwin/XAUUUSD_H4.pngWhat could drive Gold prices higher? Because XAUUSD needs a catalyst to go higherChanges in the trade-weighted US Dollar. Weak USD. / Not yetNegative interest rates / NoChanges in nominal yields on10-year U.S. Treasuries / Not supportive for Gold at the time beingUS Economic Data / Not too weak to support gold prices.Supply and demand / Physical demand are not too strong at the time being.Global Uncertainty / Brexit seems to be out of the scenario for a while.XAUUSD ended the week a...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Mar 11, 2019 at 07:23

https://www.myfxbook.com/files/itradeandwin/GBPUSD_WEEKLY_CHART.pngBrexit Scenarios, Sterling Report and GBPUSD ForecastParliament is about to enter another decisive week in the Brexit deliberations. On Tuesday MPs will vote on Theresa May’s deal, and, if it falls, on a no-deal Brexit and the question of extending article 50.BREXITCalendar and ScenariosMarch 12th: Parliament votes for May – EU revised plan.Expectation: NOIf Parliament approves the plan;1. Sharp Rally of GBP pairs.2. March 21th – March 22nd: EU votes fort he agreements3. Trade Talks between UK-EU begins.4. Ste...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Feb 10, 2019 at 15:16

GBPJPY Forecast and Trade Setup UpdateThe pound is trading under a slightly bearish pressure amid Brexit uncertainty and latest dovish BoE statement.On the other hand; JPY is getting demand as a safe haven asset. As we have mentioned in our previous JPY forecast, the IMF’s global growth projections suggest that Japan’s healthy growth may cause the Yen to shine in the future. Dragon ended the week at 142.020, just below EMA 50 and in the lower Bollinger Band after rejecting MA 100 & MA 200. RSI headed south. On the H4 Chart, technical indicators turn to bearish. The price closed...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Feb 10, 2019 at 09:42

EURCHF Forecast and Bullish Cypher Formationhttps://www.myfxbook.com/files/itradeandwin/EURCHF_MYFX.pngFundamentals: Euro is losing weight amid disappointing macroeconomic data and political turmoil. Swiss Franc is gaining weight as a safe haven asset.Technically: As seen on the below Dail chart, the pair broke down 1.13500 support and ended the week at 1.13240. The pair ended the week in the lower Bollinger Band and below EMA 50. Bearish pressure will continue as long as the price stays below 1.13500. Harmonic Overview and Trade Opportunity:As seen on the H4 chart, the price is likely to cont...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Feb 07, 2019 at 09:14

NZDUSD Forecast: Kiwi continues to lose weighthttps://www.myfxbook.com/files/itradeandwin/NZDUSD.pngI have published a midterm NZDUSD forecast in January and would like to update.Latest New Zeland macroeconomic figures are showing the economy is slowing down.Employment Change (QoQ) (Q4) 0.1%Labor Cost Index (QoQ) (Q4) 0.5%Labor Cost Index (YoY) (Q4) 2.0%Participation Rate (Q4) 70.90%Unemployment Rate (Q4) 4.3%BNZ, which is one of the most dovish central banks by stating that it will not increase any interest rates until the end of 2020, can continue to hold its dovish stance in the next week&r...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Feb 06, 2019 at 09:48

EURJPY Technical Overview and Trade SetupOur previous EURJPY trade reached its second target and generated 100 pips so far.Latest Germany Factory Orders data is showing that the industrial slowdown continues in Eurozone. Safe haven assets are getting demand.EURJPY is trading below EMA 50 on the H4 chart and testing the Ichimoku Cloud support. The pair is likely to test 124.600.Breakout of the zigzag trendline will trigger the bearish move. Estimated breakout level is 124.400.Targets of the pair will 123.830, 123.420 and 122.650.

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Jan 20, 2019 at 07:57

USDCAD Forecast and Key Technical LevelsFundamentals on USD Side:Delay on the reports due to shutdown:The U.S. dollar traded higher against all of the major currencies Friday with the exception of the Canadian dollar because as it turns out, the U.S. government shutdown has been good for the dollar and stocks.The delay of U.S. government releases gives the market relief. Major reports such as retail sales and the trade balance have been delayed due to the shutdown and while government shutdowns don’t tend to inflict lasting damage on the economy, it’s never gone on for this long.Do...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Jan 20, 2019 at 07:56

https://www.myfxbook.com/files/itradeandwin/GOLD.pngXAUUSD Gold Trade Plan: Correction Consolidation and Bearish ContinuationNear Term Bearish Gold FundamentalsImproving optimism is picking up as the U.S. and China appear to be moving closer to resolving their trade dispute.Growing momentum in the U.S. dollar, and rising equity markets. Equity markets soon will be normalised. Because of the government shutdown, the U.S. economic data remains relatively light. Markets are pricing: No News is Good News”No fresh need for safe-haven assets in the near term.Gold is doing what it’s supp...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Dec 16, 2018 at 10:01

https://www.myfxbook.com/files/itradeandwin/USDCHF_DAILY.pngUSDCHF Forecast: Capped by the parity levelSNB announced its interest rate decision last week and kept its ultra-accommodative monetary policy unchanged as expected.The statement came out as expected by the market players. Swiss National Bank maintained its ultra-accommodative monetary policy unchanged, with the interest rate on sight deposits remaining fixed at -0.75%, and the three-month Libor target range at -1.25% to -0.25%.It also indicates that it will continue to intervene as needed in the foreign exchange market. It still cons...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Nov 11, 2018 at 13:27

https://www.myfxbook.com/files/itradeandwin/DAX30.pngDAX30 Index Descending Triangle Pattern And Long OpportunityDescription: Chartreaderpro finds a potential descending triangle pattern formation. Long opportunity at the breakout of the triangle.Time Frame: H4Pattern: TriangleFacts :* Finds support and makes a double bottom at 11400* Price closed above EMA 50Trade Opportunity: Buy the potential breakout of the triangle as shown in the chart.Estimated breakout level: 11563 – Confirmed by MM 2/8Targets: 11710 and 11820Invalidation Level: Below the double bottom 11400Aggressive Traders: Ma...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Jun 20, 2018 at 06:26

GBPUSD Technical Analysis and Bullish Bat PatternFundamentals:On the Sterling side, we will have a quite London session with no major macroeconomic data release.Brexit negotiations continue to grind to a stuttering halt, with key drafts from the June EU summit showing little to no resolutions to the current Irish border issue, and the EU’s Bernier is warning people that they need to be prepared for all possible outcomes, including a “hard Brexit” scenario, one where the UK goes ahead with separating from the EU without any kind of trade agreement in place.Traders’ focus...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Jun 18, 2018 at 05:50

The rumours that Saudi Arabia and Russia might decide to increase production caused oil prices to fall to close to 3 % on Friday. Meanwhile; U.S. exports were threatened by potential Chinese tariffs on crude oil and refined products.Saudi Arabia and Russia have already boosted production modestly, and have indicated they were prepared to increase output at that meeting.Some investors were surprised when crude oil and other energy products were included for tariffs at a later date, the official Xinhua news agency reported, citing the Tariff Commission of the State Council.Over the past six mon...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Jun 12, 2018 at 06:10

GBPJPY Technical Analysis And Trade IdeaGBPJPY ended the day above EMA 50 and EMA 100 of H4 Chart Time Frame. Dragon reversed from the trendline support. The midterm trend is bullish.Fibonacci 61.8 and MM 6/8 is located at 147.600. Break below 147.600 will carry the price 148.400 of MM 6/8 Major resistance.The second resistance is at 147.750 – EMA 200-We have two closed trades which generated 240 pips. Our Trade idea is :TRADE: LONGENTRY: 147.230STOP: 146.500TAKE PROFIT 1: 148.400TAKE PROFIT 2: 149.150Alternative Trade idea for conservative traders:TRADE: LONGENTRY: 149.750 – Close...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Jun 08, 2018 at 08:41

EURUSD Forecast And Technical Analysis 06-08-2018On the Euro side, Italy is still a risk for investors. The market’s attention is focused on next week’s ECB meeting. Fundamentally there was nothing to boost to push EURUSD higher.On the Dollar side, USD has lost its charm as Trump protectionism announcements are triggering countermeasures from multiple fronts that will end up weighing on economic progress in the world’s largest economy. And the economic figures are not promising, and doubts occurred about the further rate hikes.There is no strong data flow today. German Indust...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Apr 09, 2018 at 06:03

EURAUD Falling Wedge and Long OpportunityChart timeframe: H4Description: EURAUD completed Falling Wedge pattern. Possible to retest the wedge – 1.59600- and move up. Retracement towards 1.59500 can be used as buying opportunity.TRADE: LONGAREA OF THE ENTRY: 1.59800 – 1.59500 Wait for the pullback as described in the chart.TARGET 1: 1.60700TARGET 2: 1.61500INVALIDATION/STOP LOSS LEVEL: 1.58500

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Apr 08, 2018 at 12:31

GBPUSD Forecast and Technical Analysis Week 09-13 AprilBefore the forecast and technical analysis, I would like to take a look at our latest trade ideas.We have a long trade based on Bullish Butterfly and we have reached the first target @ 1.40800.And Long Trade based on Bullish CwH to add long for ISHS pattern.Now, let us take a look at the fundamentals:NFP report was highly disappointing. However, I do not think that would make a too much negative effect on US Dollar. Subsequently, the US unemployment rate also dwelled at the unchanged level of 4.1% instead of falling lower to 4.0% as expect...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Apr 06, 2018 at 12:03

Asia Overview by Reuters:The dollar index was down 0.1 percent at 90.359. The index has risen 0.4 percent this week.Treasury debt prices gained and yields declined as investors sought the safety of government bonds.The 10-year Treasury note yield fell 2 basis points to 2.811 percent, pulling back from Thursday’s nine-day high of 2.838 percent.Trump said late on Thursday that he had instructed U.S. trade officials to consider $100 billion in additional tariffs on China, fuelling the trade dispute between the world’s two economic superpowerTraders are focused on NFP. Considering USD&...

Forecasts And Trade Ideas FX Currencies and Commodities på Erfaren Traders Apr 06, 2018 at 12:03

Would like to share forecast and trading ideas.

EURUSD	1.07599	GBPUSD	1.25452	AUDUSD	0.66091
USDJPY	153.053	USDCAD	1.3685	USDCHF	0.90475

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