Here’s the market outlook for this week: Weekly Trading Forecasts on the Major Pairs (November 17 - 21, 2014) EURUSD Dominant bias: Bearish The outlook on this pair remains bearish, but there was a significant bullish effort on Friday, and the bearish outlook may be jeopardized if price manages to get above the resistance line at 1.2600. As long as price remains below that resistance line, the bearish outlook will be valid, but a breach could indicate the beginning of a medium-term bullish trend that may hold out until early December 2014. USDCHF Dominant bias: Bullish Although this pair is still bullish, that outlook is now seriously threatened. The market traded largely sideways over the last several trading days, finally breaking out in favor of the bears. While some may be thinking of “buying low”, any movement below the support level at 0.9550 would make seeking long entries inadvisable - especially in the face of increasing strength in CHF. GBPUSD Dominant bias: Bearish This is a weak market, and GBP itself, is now weak against most majors. The market dropped seriously this week, testing the accumulation territory at 1.5600, before the current listless upward bounce. With further weakness in GBP, that accumulation territory may be tested again: possibly even breached. However, Cable may try to resume normal positive correlation with its EURUSD counterpart, in which case, a moderate transitory rally may result. USDJPY Dominant bias: Bullish USDJPY remains bullish as a result of the marked weakness in the Yen. This is evident on most other JPY pairs, so this uptrend may continue for the rest of this month. The best thing to do now is to look for buying opportunities when price dips. EURJPY Dominant bias: Bullish This cross has been able to trend further upwards recently; a bias which is expected to continue. Since last month, price has risen by more than 1000 pips, and the Bullish Confirmation Pattern in the market is getting stronger and stronger. While the demand zone at 144.00 ought to be watched, the supply zone at 147.00 is a now potential target. hoekomikaangeld/trippel-your-maps-income/quarter-paid-calculator-english/ I am using this top system now almost 4 month earning 7 days a week more money Today 15 NOV 2014 I have made a turnover of $535. I will help you to get it also. Look at the potential in the calculator. I am withdrawing every day money 7 days a week. Look at the pictures to see the prove ! $$$ Like and share it with all you know. Thy will thank you for ever.
Posted on: Sat, 15 Nov 2014 23:23:34 +0000
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