Showing posts with label forex market outlook. Show all posts
Showing posts with label forex market outlook. Show all posts

Friday, 11 January 2019

FOREX MARKET OUTLOOK | TRADEWORLD 247

 EURUSD GBPUSD CHART OUTLOOK

EURUSD Outlook

EURUSD as discussed yesterday it has given a breakout after consolidation now it has again given low risk opportunity to bulls. EURUSD has retested trend line breakout, all momentum indicators waving on the positive side hence we advise to adopt buy on dips strategy
Major Support is at 1.14950 and Resistance is at 1.15680

GBPUSD Outlook




GBPUSD is consolidating just below the breakout level keep an eye on this pair because if it breaks trend line then we might see swift move on the upside because it has made a double bottom pattern on the daily charts few days back. All momentum indicators turned positive for this forex pairs it is advised to adopt buy on dips strategy,

Major resistance is at 1.28000 and support at 1.27108



Breaking NEWS



GBP Drops on Election Talk, USD Recovers from Fed-Inspired Losses - US Market Open
Fed Lifts Stocks, US Dollar. AUD/USD, ASX 200 Prices May Climb
Upbeat Australia Retail Sales Report to Fuel Bullish AUD/USD Series
Fed Flexibility and Powell Patience Calms Market Angst
Australian Dollar Weekly Price Outlook: AUD/USD Reversal Targets

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Thursday, 10 January 2019

FOREX MARKET REPORT | TRADEWORLD 247


EURUSD has given a breakout after a consolidation of almost a month all momentum indicators turned positive in to the favor of bulls Short term traders are advised to adopt buy on strategy. Best chance to buy EURUSD is if it test horizontal line again
Major Support is at 1.15016 and Resistance is at 1.15016

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Tuesday, 8 January 2019

FOREX MARKET OUTLOOK | TRADEWORLD 247



EURUSD is trading between its consolidation phase between 1.1200-1.1500. Currently pair is trading at 1.1440. Nearby support and resistance are at 1.1310 and 1.1485.We are expecting upside movement in this pair today. For short term traders it is advised that they should keep adding their positions in long side on every dip in pair.


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