USD/JPY started November with bulls

Current trend: Uptrend prevailed then, sideline moves

Recommended position: Sell

  • Buy zone: 104.90
  • Sell zone: 109.60

Comment: Trump is the president of the united states for the next 4 years after a long marathon against Hilary Clinton. On the election day, it was dramatic move for the USD especially in front of the Japanese yen. The pair moved from 101.18 to 105.88 in one day after the announcement. Honestly, it was not expected to see such strong move. This is opening the door to test higher resistance around 109.80. Our recommendation is to hold on, sideline moves might control the next week!

USDJPY Forecast - November 2016

This post is valid during trading week: 13th-18th November, 2016

.. Still in the range: USD/JPY

Current trend: Sideline moves within the range

Recommended position: Sell

  • Buy zone: 99.80
  • Sell zone: 105.60

Comment: USDJPY is the same as the last week, Slow moves to the upper side of the range telling us that a bullish move is trying to form a support to move higher. Without any real action from Bank of Japan or the Federal Reserve of US, I would not buy this pair, at least till the US president election is giving us a name for the next US president. Watch out your positions, This pair is classified dangerous in the next week!

USDJPY Forecast - October 2016

This post is valid during trading week: 24th-28th October, 2016

Forexa, Let’s do some stable work!

I’ve missed you all and missed Honestly, I want to apologize for this long downtime. I did not mean to be that bad busy forex writer but, Life was so tough and you all knew. Forexa is not paying for my life expenses and as long as it is not profitable my priorities has dramatically changed in no time.

However, after this long time, I was able to rearrange my priorities and for the good luck, Forexa becomes one of my weekly tasks that I’ve listed for my self. I’ve a very long delay so, I will get back to analyze my favorite pairs, write some reviews on my favorite brokers and introduce the signal that I aimed to introduce few months ago. Read More

Revamp – Analysis

I had a heavy workload the last month which stopped me from keeping you updated with what’s going on in the market.

Personally, I want to concentrate more in giving better – quick – analysis while the old analyses took too much time every day from me to write and edit so, I am moving forward to write 2-3 weekly analysis (posts) that I am analyzing every week. I am unable as a person to maintain daily coverage for what’s going on especially that is not my only workload. Read More