Weekly Technical Forex Forecast 11-15.03.2019


EUR/USD

The Euro, as predicted, corrected upwards on Friday. The growth of the pair was on the increased volume, but is still trading below the volume resistance level 1.1256 – 1.1267. Thus, we still should give preference to short positions.

Sales can be opened after a stoppage of the price correction and the resumption of a sharp drop of the pair. A stop loss should be placed slightly above the resistance level. The potential of the deal is more than 100 points.

GBP/USD

The Pound showed a significant and rapid decline on the very large volume on Friday. At the moment, the pair is testing the support level 1.2985 – 1.2998. Thus, we can consider a scenario of its breakdown, which will be an excellent bearish signal.

The breakout movement should be abrupt and on the large volume, which will insure us against a false breakdown and will be a more reliable signal to enter the market. A stop loss should be placed slightly above the breakout volume bar. The potential of the deal is more than 120 points.

USD/JPY

The situation with the Yen has not changed: the price is trading in the middle of the local range between 2 strong volume levels. They are the support 110.26 and the resistance 112.00. Given this factor, we can open new deals only after a sharp and confident exit of the price from the consolidation. The breakout movement should be supported by the large volume, which will be a more accurate and strong signal to enter the market.

While the price is trading within the local range, it is better to stay out of the market.

USD/CAD

The Canadian dollar has adjusted downward after the formation of the resistance level of 1.3463. Nevertheless, considering the presence of a strong uptrend and the support level 1.3375, in which the large volume is concentrated, we still should give preference to long positions. Purchases can be opened after the resumption of the growth and a confident breakout of the new level of resistance on the large volume. A stop loss should be placed slightly below the breakout volume bar. The potential of the deal is more than 100 points.

If the price continues correcting downwards, it is better to stay out of the market.

AUD/USD

The Australian dollar also corrected on Friday. The movement was on the increased volume, however, given the strong local downtrend, we still should give preference to sales. Short positions can be opened after the resumption of a sharp drop on the large volume, which will be a more accurate signal to enter the market. A stop loss should be placed just above the beginning of this movement. The potential of the deal is more than 80 points.

If the price continues its upward correction, it is better to stay out of the market.

XAU/USD

Gold showed significant and sharp growth on the large volume. Now the price is trading near the resistance level/upper limit of the local range 1202.70 – 1204.20. Given these factors, we can consider a scenario of the breakout of this mark, which will be an excellent signal for opening long positions.

The breakout movement must be swift and on the large volume, which will be a more accurate and reliable signal to enter the market. A stop loss should be placed slightly below the breakout volume bar. The potential of the deal is more than 150 points.

If the price continues trading within the local range, it is better to stay out of the market.

The sentiment: this technical indicator fully confirms our trading scenarios with the Euro, Pound, Canadian and Australian dollars (trading against the “crowd”), which is an excellent additional signal. As with gold, the situation with this instrument is 50/50, so it is worth being more careful. The situation is similar with the Yen, so we should wait for the exit of the price from the consolidation.

The best deals: EUR/USD, GBP/USD

Potentially good deals: USD/CAD, AUD/USD, XAU/USD

Stay out of the market: USD/JPY

I’ve been surfing online more than 3 hours today, yet I never found any interesting article like yours.
It is pretty worth enough for me. In my view, if all webmasters and bloggers made good content
as you did, the net will be a lot more useful than ever before.
I have been browsing online more than 2 hours today, yet I never found any interesting article like yours.
It is pretty worth enough for me. In my view, if all
website owners and bloggers made good content as you did, the internet
will be much more useful than ever before. I want to to thank you for this very good
read!! I absolutely enjoyed every bit of it. I’ve got you book marked to look at new stuff you
http://alienware.com

Heya i am for the first time here. I found this
board and I to find It truly helpful & it helped me out
much. I hope to present one thing back and help others like you
aided me.

I am curious to find out what blog platform you are working with?
I’m experiencing some minor security issues with my latest
site and I’d like to find something more safeguarded.
Do you have any solutions?

I was very happy to discover this great site. I want to
to thank you for your time due to this fantastic read!!
I definitely liked every little bit of it and I have you saved to fav to look at new things in your
website.

First off I want to say awesome blog! I had a
quick question which I’d like to ask if you don’t mind.
I was interested to know how you center yourself and clear your head prior to
writing. I’ve had difficulty clearing my mind in getting my thoughts out there.
I truly do enjoy writing but it just seems like the first 10 to 15 minutes are wasted simply just trying to
figure out how to begin. Any recommendations or tips? Cheers!

Very nice post. I just stumbled upon your weblog and wished
to say that I’ve really enjoyed browsing your blog posts.
After all I will be subscribing to your rss feed and I hope you write again soon!

certainly like your web site however you have to check the spelling on quite a few of your
posts. Several of them are rife with spelling problems and I to find it very troublesome
to inform the reality on the other hand I’ll certainly
come back again.

I’m really impressed along with your writing skills as smartly as with the layout to your blog.
Is that this a paid subject matter or did you modify it
your self? Either way keep up the nice quality writing, it is rare
to see a nice blog like this one these days..

We are a group of volunteers and opening a brand new scheme in our
community. Your site offered us with valuable info
to work on. You have done a formidable activity and our entire
community will probably be thankful to you.

This is very fascinating, You are an overly professional blogger.
I have joined your feed and look forward to searching for
extra of your great post. Additionally, I’ve shared your website in my social networks

Heya i am for the first time here. I came across this board and I find It really useful & it
helped me out a lot. I hope to give something back and help others
like you helped me.

After I originally left a comment I seem to have clicked
the -Notify me when new comments are added- checkbox and now whenever a comment is added I receive four emails with the exact same comment.
There has to be an easy method you can remove me from that
service? Many thanks!

whoah this blog is magnificent i really like reading your articles.
Stay up the great work! You know, a lot of individuals are looking round for this info, you can aid them greatly.

I’m impressed, I have to admit. Genuinely rarely should i encounter a weblog that’s both educative and entertaining, and let me tell you, you may have hit the nail about the head. Your idea is outstanding; the problem is an element that insufficient persons are speaking intelligently about. I am delighted we came across this during my look for something with this.

I’m impressed, I have to admit. Genuinely rarely should i encounter a weblog that’s both educative and entertaining, and let me tell you, you may have hit the nail about the head. Your idea is outstanding; the problem is an element that insufficient persons are speaking intelligently about. I am delighted we came across this during my look for something with this.

51 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *