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

Revamp – Forexa.me 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 Forexa.me is not my only workload. Read More

EUR/USD Forecast: Strong Euro will take a hit!

EURUSD 14th May, 2015

EUR/USD just touched 1.1447 resistance level, 3 pips away from my previous expectations. It was clear that correction is coming and this short term uptrend will last for a while. we can see support around 1.1290 and 1.0655.

I am expecting EUR/USD to keep on sideline moves in the next week with another attempt to test the next resistance around 1.1675, This will not be fast and the pair should move in choppy way within this range (1.12901.1675).

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. Greece’s smoke is turned off for a while but, this topic is not closed. This topic will be the panic button for the euro buyers during 2015.

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

  • RESISTANCE: 1.1675
  • SUPPORT: 1.0459

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

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

  • Sell at: 1.1660 – Take Profit 1.1460 (200 pips profits)
  • Sell at: 1.1530 – Take Profit 1.1480 (50 pips profits)
  • Buy at: 1.1350 – Take Profit 1.1550 (200 pips profits)
  • Buy at: 1.1270 – Take Profit 1.1470 (200 pips profits)
  • Buy at: 1.0990 – Take Profit 1.1090 (100 pips profits)

This signal is valid during trading week: 14th to 19th May, 2015