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Posted on Jun 11, 2019 at 01:42 PM
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Weekly Technical Analysis Forecast: To Buy or to Sell?

It's now easy to decide what action to take in the Forex market! We've done the analysis for you, just follow the analysis and place your trades!

Eur_Usd JuWk2

 EUR/USD: Very accurate bullish forecast for last week. Thin it will still continue? Watch that major resistance above; only a break above is a Buy continuation, otherwise, scalp on sell from resistance,

BIAS: Bullish/Bearish on a 50/50 scale

Usd_Cad JuWk2

USD/CAD: Again we achieved a perfect bearish run on the Caddie. Now the current major support has held from January till April so we can expect bullish reversals for intra-day Buys. If that Support line gives way, then a 150pips sell is waiting to be claimed. Don’t miss it.

BIAS: Bearish

 

Gbp_Usd JuWk2

GBP/USD:  Hahaha… what a clear bullish run last week. But that major resistance will force some sell, so if you see price falling from it, jump in for quick scalps & intra-day trades. The bears may not hold for too long so don’t stay greedy on any trade too.

BIAS: More Bearish than Bullish

 

Eur_JpyJuWk2

EUR/JPY: Allow price climb above the major resistance, we should get some decent buy opportunities.

BIAS: CONSOLIDATION/BULLISH REVERSAL

 

Rest assured, our forecast and analysis are a result of a lot of thorough analysis and not a wishy- washy material. We bring you the best at all time!

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