I missed out to make an analysis for this week forex trading session due to my short vacation. So this is just a continuation for the rest of 2 days left before the weekend. As you may notice the market is gradually moving in small scale within the range of 50-60 pips and there is not yet significant breakout for this week. The current situation is very tricky as the market nearly touch down on the last support level 1.2027. Traders becoming very cautious fear the unexpected correction might take [...]

Last week was boring day trading day as there are 3 days without significant breakout. However on Thursday the expected correction started to take place and it exactly reside on the middle of the Bollinger band on daily time frame. This is an identical level of correction. Next week tforecast for EUR-USD is as follow: Daily Time Frame: MACD = Up Stochastic = Up B. Band = Middle Summary: In short term indicators signal support for further correction. Weekly Time Frame: MACD = Down Stochastic = Down B. Band = [...]

The EUR-USD having a premature movement and now standing on very fragile support line. Skepticism still loom on next week trading session as MACD and Stochastic still having a battle against of direction against each other. At this point it is becoming more difficult to predict as buyer and sellers has 50:50 chances of gaining full domination of the market movement. Anyway based on indicators’ signal we will see what happen next week. Monthly Time Frame: MACD = Down Stochastic = Down Bollinger Band = Middle Summary: The long-term movement [...]