AUDJPY Forecast for the week of 11-Dec-2017

AUDJPY Forecast for the week of 11-Dec-2017

AUDJPY moved back and forth during the course of the last trading week. The weekly candle is a mixed candle which more-or-less showed lack of direction last week. Therefore we can look at shorter time frame to analyse this market. Fundamental Analysis The pair rallied on Friday which seems to be a result of the upward move of USDJPY. Positive retail sales data helped Australian Dollar last week, while Quarterly and Yearly GDP figures missed the expectation. Overall fundamentals are not bad for the Australian Dollar. The Feds are also…

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GBPUSD trading idea for the week of 04-Dec-2017

GBPUSD trading idea for the week of 04-Dec-2017

We can see that GBPUSD initially pulled back during the last trading week but later rallied significantly and reached above 1.3540 before again pulling back down below 1.3500 level. We saw a few weeks ago that the uptrend line provided support for the pair and it has been rallying ever since, even though it looks choppy on the lower time frames. Trading Preference We need to watch how¬† far the market reacts to Trump’s victory on passing the Tax-bill. That could probably bring pull back into this pair. However, those…

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USDCAD trading idea for the week of 04-Dec-2017

USDCAD trading idea for the week of 04-Dec-2017

USDCAD rallied from Monday to Thursday last week. However, on Friday it fell to give back it all back and even fell past the opening level from Monday. There were more reasons for the fall. One thing was the news from USA about General Flynn. The second and a big reason for the fall was the good economic data from Canada. Employment figures overwhelmingly beat the expectation and GDP figures too showed positive results. The pair is now in a support area that we can observe in various time frames….

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