Weekly Forex Forecast- Trading
Weekly Forex Forecast – NASDAQ 100 Index, EUR/USD, GBP/USD, EUR/JPY, CANEGet DailyForex analysis to your emailMarkets saw a firmer advance in some stock markets and European currencies, while a few soft commodities are reaching record prices.in Forex / CFD trading is highly likely to depend mostly upon, and not on the exact methods you might use to determine trade entries and exits.
Long of the EUR/USD currency pair following a bullish reversal on the H4 time frame rejecting $1.0929. The price never reached that support level during the past week, so this did not set up.Long of the GBP/USD currency pair following a daily close above $1.2500. This did not happen until the end of the week.My forecast produced an overall win of 2.05%, averaging a gain of 0.51%.
German Preliminary CPI came in lower than expected, at a month-on-month increase of only 0.4% when 0.6% was expected, which maybe weakens the case for the next Eurozone rate hike. Australian CPI data – the quarterly increase was very slightly higher than had been expected, but the headline annualized rate fell from 6.8% to 6.3%, beating the 6.5% which had been widely expected.
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