GBP/USD has gained nicely in last couple of days crossing 1.30 level once again after 2 weeks. But, as we go ahead in the setting, it can be said that we will see a drop again and the pair going below 1.30 level. So, we are very much bearish on this and consider this is an opportunity to go for short.
USD/JPY has been running on lower side but the pair has picked up somewhat. We can still see huge room for the trend to turn, but there is plenty of uncertainty around which is what making this not right time. However, we are very much bullish on the pair and consider it good chance for long trade.
EUR/JPY has been running on higher side but at very steady pace. It’s highly unlikely that we will see any dramatic change occurring, but we do see the trend getting more neutral. So, it’s not exactly the ideal time for long term trade, but can work well for scalping with so much sideway movements.
EUR/USD is looking in neutral trend as of now, but the momentum is sure to push it down again. If we see by SAR indicator, it clearly shows that the push is still for bearish; it will be good opportunity to go for shorts here.
GBP/USD dropped massively yesterday as over 200 pips were gone in blink on an eye. With SAR not showing exact picture due to such wide movement. It looks bit tough to make any trade, it will be better to go for shorts here.
USD/JPY is gaining fairly decent momentum since last few weeks. As we see on SAR indicator, it too shows the same thing with the pair running on the higher side; it will be good opportunity for us to go for shorts here due to overbought scenario.
EUR/JPY has been running extremely high since last few days, but if we go with SAR, it shows that the movement is running towards the down side. So, right now making any trade on this is going to be too much. It is better bet that we hold on before any trade.
EUR/USD this week started in bullish fashion, and has continued that way so far. We have seen in recent weeks it dropped fair bit, but now things are on the recovery note, and the trend is all very much turned. We could see it come near the 1.20 level, at the current trend!
GBP/USD this week was very much mixed, as we saw up/down movements. Overall, the trend is very much neutral and right now, there is really no way anyone can talk about where it’s heading. So, it is not the right situation to go for long term trades!
USD/JPY saw things working up nicely this week as the pair shoots up to reach near 114 levels; it’s likely that we will see it come near the 115 level with the way situation is developing. It is a good time to get into long trade if we see any kind of dip coming over!
EUR/JPY went absolutely nuts this week, as we saw it carry up over 200 pips, it is highly likely that we will see it continue on similar fashion ahead as well without any major thing to point out. How far it is going to go is the question that will be asked by many out there!
Analyzing well is one of the key aspects to succeed. But it’s certainly no walk in the park to do analyzing accurately, hence, it’s must to ensure that we have other parts right to play the supporting role.
I do that via strong money management and ensuring that I take decision only after I am absolutely sure. I further follow up BAC forecast or market’s forecast in general to help myself with money making in consistent and easy way!
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