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AUDCAD Forecast – Weekly Recap On the weekly chart, the AUDCAD ended bearish momentum by forming a double bottom at 0.85876, after which price started to form bullish momentum. Previously, price rejected the resistance level at 0.9058. However, the bullish momentum is still strong, as price is forming an ABCD pattern. AUDCAD Forecast – Strategy…

EURJPY Forecast – Weekly Recap We have traded this pair for over a month, buying every pullback at key support areas. EURJPY has been on bullish momentum since the beginning of the year. However, the price is approaching a key resistance level on the monthly time frame. As the price moves closer to the monthly…

GBPUSD Forecast – Recap Last week, we had a bearish view on the GBPUSD pair and were expecting a continuation of the bearish move. At the beginning of the week, GBPUSD indeed moved downward. However, it met strong resistance at the 1.25415 support level, immediately leading to GBPUSD forming a bullish divergence and closing the…

Gold Forecast– Weekly Recap In last week’s forecast, I mentioned that Gold was currently overbought and there is a need for a retracement. Our first sell attempt was stopped out due to the price of Gold getting pushed above the trend line until 2222.00 to make an all-time high; at which we took another sell…

EURUSD Forecast – Recap Like the GBPUSD, the EUR/USD completed its rally and broke below the trend line as seen in the chart below, retested it, but was rejected by sellers. In addition, GBPUSD also broke below the 50 and 200 Moving Averages on the daily time frame. This signals a sell continuation this week….

GBPUSD Weekly Forecast – Recap Last week’s forecast, we had 2 strategies, the first is to buy GBPUSD if the price rejects the support level at 1.27097; while the second would be to sell the continuation if the price breaks below the 1.27097 level. We sold the GBPUSD and made huge profits. The GBPUSD closed…