.. 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 Forexa.me. 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. (more…)