Forecasts

Overview Of The Major Instruments

Overview Of The Major Instruments

EURUSD

Trading in a triangle , below EMA 50 and the cloud. I keep my bearish bias on the pair and my midterm targets are 1.11000 and below as mentioned before. I have explained the fundamental reasons before and there is no change.

An intraday long opportunity may occur at the break of 1.13500 targets will be 1.13800 and 1.14100. A clear upside breakout of the triangle may carry the pair 1.15100 – 1.15300 region. ( Which fundamentals can give the market this opportunity ? No answer )

 GBPUSD

Brexit… Brexit… Brexit…

I have published my intraday idea.

I will wait for the clear breakou tof 1.28800 hurdle to enter the real “Cable Bulls” game.

CRUDE

Focused on OPEC meeting and decision. Droped and tested the broken trend line. No “Supply Cut” deal concerns. I will publish a detail forecast tomorrow.

I will continue with JPY and CAD..

The BoC’s Governor Poloz will deliver an Economic Progress Report at 8:35 ET as a follow-up to the December meeting and will be a key event for today’s session. This event and market’s reaction will determine CAD’s new midterm direction.

 

 

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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