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

EUR/USD Forecast: Euro is ready to take off again!

EURUSD 26th, May 2015

EUR/USD moved under 1.1450 resistance level, this pair seems to be ready for another short term uptrend.

I am expecting EUR/USD to test the next resistance around 1.1740, This might be fast and the pair should move in choppy way within this range (1.09151.1740) again.

As I mentioned before EUR/USD still has strong support at 1.0459 and it tested it once, I am still expecting another test to this support level.

The EUR/USD has the following major resistance and support levels:

  • RESISTANCE: 1.1740
  • SUPPORT: 1.0459

Breaking these levels in any direction will take us higher or lower.

My Daily SELL advice (30 pips stop-loss applied):

  • Buy at: 1.1350 – Take Profit 1.1550 (200 pips profits)
  • Buy at: 1.1250 – Take Profit 1.1450 (200 pips profits)
  • Buy at: 1.0940 – Take Profit 1.1040 (100 pips profits)

This signal is valid during trading week: 25th to 29th May, 2015

Silver Forecast: Is it the last fall?

XAG/USD 22nd, May 2015

Silver bounced to 17.77 (as I expected in this expectation) and it fell again to 16.93.

This is the area of relaxation for silver and it seems that we will stay for within this range for 2 days or so. Buying silver around 16 to 16.50 seems to be a chance so, take the chance and buy around this range and keep it for long term.

Selling silver these days is not safe decision so, I prefer to wait for a while before doing so.

The Silver (XAG/USD) has the following major resistance and support levels:

  • RESISTANCE: 19
  • SUPPORT: 15

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (30 pips stop loss applied):

  • Buy: at 16.50 – Take profit 17.50 (100 pips profits)
  • Buy: at 16 – Take profit 17.50 (150 pips profits)

This review is valid during trading week: 25th-29th May, 2015