FREE Weekly Forex Forecast For 8th-12th Jan 2018

Hello forex traders,

Welcome to another week, this week the market is fully active and no more holiday fever to influence prices. Last week, we took 2 trades on USDJPY and GBPUSD which both went to our favour and this week we are going to analyze our usual pairs which are USDJPY, AUDUSD, GBPUSD and USDCAD.

Join our FACE BOOK PAGE HERE

USDJPY

1hr Time Frame




The DOLLAR and YEN were one of the pairs that gave us a few bucks last week and looking the one hours chart, we can see how the pair respected the support level at 111.910. This level (111.910) has been a key support on this pair, the next resistance level is at 111.579 and we  are expecting  price to retest that level maybe price might or might not break that level, we can’t tell for now  to get a clearer view on the market, let’s  go to the 4hrs chart.

4hr Time Frame




On the 4hr chart, we can see a clearer picture of the market, just like the one hour chart we are hoping for the resistance at 111.910 to hold. Let’s turn to the daily chart to get a clearer picture of the pair.

Daily Time Frame




Looking at the candle stick on Friday last week, we can see how sellers took control after the buyers are through with raising the price higher thus making price to respect the weak resistance at 122.954.

USDCAD




To hasten things up we will go straight to the 4hrs chart, looking at the 4hrs we can see that the pair has been on a downtrend since 19th Dec. last year, let’s turn to the dailies.

On the dailies we can see a strong support 1.24220.




AUDUSD

On the 4hr chart, we can see the massive up trend which broke the resistance at 0.77526 the next level where we expect price to reverse is the resistance at 0.78987 and hopefully it will.

On the daily chart, we can see that the sellers have run out of steam so we are expecting price to fall down next week.




GBPUSD

The POUNDS and DOLLARS also give us a few bucks; we expect the pairs to test the resistance at 1.35445 before heading down.

So in general we are expecting to go into the following positions on these pairs:

USDJPY ….SELL

USDCAD…..BUY

AUDUSD….SELL

GBPUSD….SELL (wait for a clearer signal)

Join Our FaceBook Page.

2 Replies to “FREE Weekly Forex Forecast For 8th-12th Jan 2018”

Leave a Reply

Your email address will not be published.