This week we should see a gain in the U.S. Dollar as it has hit a pretty strong level of support. Watch for opposing major pairs to be headed into a downtrend as well. Here is my basic predictions for the major currency pairs... (I know last week I was wrong)
EURUSD - SELL
GBPUSD - SELL
AUDUSD - SELL
USDCHF - BUY
USDJPY - BUY
USDCAD - BUY
Do keep an eye on trendlines and wait for new trends to develop as well. If you are patient, you can make a lot of money.
For high impact news, there is very little news to affect the market EXCEPT for Non-Farm Payroll this coming Friday. There is expected to be a drop in unemployment figures which will give the US economy a boost. You (should) see the U.S. Dollar rebound and slowly begin to go back up.
Please mark all dates and times on your personal calendars and set reminders so you can avoid trading during these particular times...
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If you have any questions about these predictions or if you want me to analyze any particular currency pair, please contact me at either point below and I will be happy to assist you...
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