Forex Forecast – Not much for this week… keep your position from last week.
As you can see…there’s not much to expect from this weeks Forex forecast. What’s going on? Market preparing for next week.
but still…let’s look at a few stuff…
Cash flow keeps running with a very nice capital gain. We are in current “W” pattern. Sit back, relax, and enjoy your daily profits. This is a midterm double bottom or W pattern. Classically looked at as bullish signal.
Wasn’t obvious on entry, but it is going the right direction. If your in, keep it, if not… forget about.
XAU/USD Forex Trade
Going down…as mentioned. It may go to the “red” support line for “M” or double top pattern.
USD/JPY Forex Trade
Finally start to go my direction, but to late for me…
USD Dollar Index
Ok…it did take few weeks… but “dollars” moving up again. This it’s the main currency to look at this week and for next week. Dollars move will affect many others currency and commodities next week. Very important to see at what price it will close.
Have a great week everyone!