First, a review of last week’s predictions:
- graphical analysis warned that EUR/USD would first try to break through resistance around 1.0900 and go down after a couple of unsuccessful attempts. The chart shows that there were three such attempts actually, and one of them appeared to almost reach the target. However, all the efforts ended up futile, and the pair saw Christmas at 1.0950 resistance...
First, a review of last week’s forecast:
- the scenario for EUR/USD, backed by most analysts and the minority of the indicators, started to pan out. The pair spent some time in a sideways trend, broke through support at 1.0900 and went down. However, that movement was more sluggish than expected, and the pair didn’t reach support at 1.0700, stopping 150 points higher...
First, a review of the forecast for the past week:
- the publication of the last forecast for EUR/USD (a further rise and reaching 1.1000-1.1100) made skeptics say that couldn’t be right. Apparently, it could just as well. Already on Thursday, the pair got up to 1.1042 and reached 1.1030 next day, thus ‘scoring a brace’ in football terms...
First, a review of last week’s forecast:
- as for EUR/USD, the past week showed vividly that fundamental events can refute all forecasts of technical analysis. Thus, the ECB’s decision on key interest rates stopped the falling trend on Thursday and brought the pair to 1-month-old values...
Nathan Rothschild from the famous banking dynasty once said that gold was not understood. Attempts to sum up the opinions of the most respected representatives of the financial community only prove Rothschild right – all discussions about gold turn into a real battle.
First, a review of last week’s forecast:
- graphical analysis on H1 and H4 predicted that EUR/USD would bounce off support at 1.0628, move up to resistance at 1.0700 first and only then continue to fall. The pair actually went up reaching 1.0690 on Wednesday, after which it dropped, as predicted
First, a review of last week’s forecast:
- it appeared impossible to give a sensible forecast for EUR/USD last week as both experts and indicators were at a complete loss, pointing in different directions. However, exactly this kind of “forecast” turned out right – first, the pair fell a bit, then went up some, then dropped again, finishing the week without any clarity...
First, a review of last week’s forecast:
- most experts and graphical analysis on H1 tended to believe that EUR/USD would take a breather and move in a sideways channel of 1.0650-1.0850. In fact, as predicted, the pair neither fell below 1.0675 nor rose over 1.0830...
Great British pound/US dollar - is one of the most popular instruments in FX market. The volume of transactions with this pair steadily makes approximately 12%, and GBP/USD steadily takes the third place in global hierarchy of currencies in terms of liquidity level. Another factor determining its popularity among traders is its high volatility providing an opportunity to make solid profit even on short-term transactions.
For starters, a few words about last week’s forecast:
- by the end of the week, EUR/USD was supposed to get fixed around 1.0800. Graphical analysis on H4 elaborated that at first, the pair would reach the bottom at 1.0600 and then make every effort to go up to 1.0800. This happened for the most part – EUR/USD was moving down towards the target all week long and on Friday, following the news from the USA, first dropped to 1.0700, then tried to return to the target level and finished the week at 1.0740...
