EURUSD Weekly Forex Forecast Archives - Advanced Forex Strategies

EURUSD Weekly Forex Forecast

EURUSD Weekly Forex Forecast - 20th to 24th Feb 2017

EURUSD Weekly Forex Forecast – 20th to 24th Feb 2017

Technical Outlook: EURUSD attempted to rally off 1.0520 but the bounce was short-lived as prices quickly reversed back lower to a few pips above 1.0600 support. We expect to see further declines towards 1.0600, with th 4-hour Stochastics showing a hidden bearish divergence on the charts. Watch for the previousRead More

EURUSD Weekly Forex Forecast - 13th to 17th Feb 2017

EURUSD Weekly Forex Forecast – 13th to 17th Feb 2017

Technical Outlook: After the EURUSD posted a doji near the resistance level of 1.0820, price action fell sharply lower in a steady trend that saw lower lows and lower highs. Price close just a few pips above 1.0600 support level and any bounce off the current levels remains a sellRead More

EURUSD Weekly Forex Forecast - 6th to 10th Feb 2017

EURUSD Weekly Forex Forecast – 6th to 10th Feb 2017

Technical Outlook: EURUSD closed below 1.0700 last week which signals the downside correction towards 1.0600 initially. The price action shows a bearish breakout from the rising wedge/triangle pattern with the final sessions on Friday showing a modest retest to the breakout level of the rising wedge pattern. As long asRead More

EURUSD Weekly Forex Forecast - 30th Jan to 3rd Feb 2017

EURUSD Weekly Forex Forecast – 30th Jan to 3rd Feb 2017

Technical Outlook: EURUSD closed below 1.0700 last week which signals the downside correction towards 1.0600 initially. The price action shows a bearish breakout from the rising wedge/triangle pattern with the final sessions on Friday showing a modest retest to the breakout level of the rising wedge pattern. As long asRead More

EURUSD Weekly Forex Forecast - 23rd to 27th Jan 2017

EURUSD Weekly Forex Forecast – 23rd to 27th Jan 2017

Technical Outlook: EURUSD has been trading within 1.0700 and 1.0600 last week with another brief test to the support level at 1.0615 – 1.0600. However, this multiple bounce to the support has failed to bring any significant new highs in prices. The bullish flag pattern remains in play although thereRead More

EURUSD Weekly Forex Forecast - 16th to 20th Jan 2017

EURUSD Weekly Forex Forecast – 16th to 20th Jan 2017

Technical Outlook: EURUSD broken above the 1.0600 handle last week. On the 4-hour chart, price action is seen trading above the resistance level at 1.0615 – 1.0595. As long as this price level holds and support is confirmed here, EURUSD could be looking at further gains in the near term,Read More

EURUSD Weekly Forex Forecast - 9th to 13th Jan 2017

EURUSD Weekly Forex Forecast – 9th to 13th Jan 2017

Technical Outlook: EURUSD continues to maintain the sideways range with last week seeing price action posting a strong reversal off the support at 1.0367 to reach highs near 1.0600. Looking at how price action is forming on the 4-hour chart and the support that has formed near 1.0367, EURUSD isRead More

EURUSD Weekly Forex Forecast - 2nd to 6th Jan 2017

EURUSD Weekly Forex Forecast – 2nd to 6th Jan 2017

Technical Outlook: EURUSD rallied above 1.05200 resistance level and Friday’s price action shows prices dipping back to this level. The weekly chart shows a bullish follow through after the doji pattern from the week before which could indicate near term upside. EURUSD could remain range bound between 1.0520 and 1.0400Read More

EURUSD Weekly Forex Forecast - 26th to 30th Dec 2016

EURUSD Weekly Forex Forecast – 26th to 30th Dec 2016

Technical Outlook: EURUSD was trading flat last week with price action ranging between the 1.0520 resistance and 1.0400 support. The bias for the short term is flat and will shift to the upside on a close above the resistance level of 1.0520. In this case, further gains can be expectedRead More

EURUSD Weekly Forex Forecast - 19th to 23rd Dec 2016

EURUSD Weekly Forex Forecast – 19th to 23rd Dec 2016

Technical Outlook: As noted in last week’s commentary EURUSD fell below 1.0400 support last week but only briefly as prices were rejected strongly below this level. The 4-hour chart on EURUSD has been consolidating into a descending wedge pattern which could signal a potential change of trend in the shortRead More