[FOREX TIP] USDCHF Weekly Forex Forecast – 10th to 14th April 2017

USDCHF Weekly Forex Forecast – 10th to 14th April 2017

Technical Outlook: USDCHF has maintained gains despite the risk aversion sentiment last week. Price has breached the outer median line closing at 1.0084 on Friday. However, the Stochastics is currently in the oversold levels and could signal a near term pull back in prices. Therefore, it is ideal to look for a dip in USDCHF, potentially to 0.9894 support level following which we can expect an upside move in prices to 1.0172 resistance level.

Fundamental Outlook: Data from Switzerland this week is relegated to just the producer price index data next week. Economists are expecting to see a 0.1% increase in the factory gate prices, compared to a 0.2% decline seen the month before. The factory gate prices are expected to increase, consistent with a pick up in consumer prices, which showed a 0.2% increase on a month over month basis recently. Focus will of course turn to the U.S. data where the Fed chair, Janet Yellen is expected to speak next week on Monday.

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USDCHF Weekly Forex Forecast – 10th to 14th April 2017

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[FOREX TIP] USDJPY Weekly Forex Forecast – 10th to 14th April 2017

 

USDJPY Weekly Forex Forecast – 10th to 14th April 2017

Technical Outlook: The Japanese yen gained last week for a number of reasons with the risk aversion taking hold by Friday after news reports informed about the U.S. airstrikes against Syria. The risk aversion sentiment send USDJPY lower on the day but not before prices managed to post a modest recovery. Assuming that there are no further developments, USDJPY could be seen pushing higher but we need to see evidence of this. A close above 111.65 will signal a recovery towards 115.00 level. Watch the Stochastics which is currently in the oversold level and signaling an exhaustion to the downside.

Fundamental Outlook: Data from Japan this week will kick off with the current account details, which is expected to show a 1.79 trillion, compared to 1.26 trillion registered previously. Producer prices index data next week is also expected to show a solid headline print of 1.5%, compared to 1.0% in the previous month. Data from the U.S. will be dominating the flows in the USDJPY this week which includes consumer prices and retail sales figures.

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USDJPY Weekly Forex Forecast – 10th to 14th April 2017

 

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[FOREX TIP] EURUSD Weekly Forex Forecast – 10th to 14th April 2017

EURUSD Weekly Forex Forecast – 10th to 14th April 2017

Technical Outlook: EURUSD has slipped below 1.0600 on Friday with the 4-hour candlestick closing with a doji. Depending on how Monday’s session opens we can expect to see some upside bias in prices. However, for this to occur, EURUSD must close back above 1.0600 and preferably above 1.0630 to confirm a continuation to the upside that could send prices back towards 1.0770 level where the recently breached support could be tested for resistance. However, in the event that prices continue to dip lower, expect further declines in EURUSD that could potentially push prices down to 1.0500.

Fundamental Outlook: Economic data from the eurozone is looking to another slow week next week with the main events standing out unlikely to move the single currency much. The Eurozone Sentix investor confidence is due on Monday and data is expected to show a modest decline to 20.1 from 20.7 previously. Industrial production figures will no doubt stand out next week with economists polled expecting a 0.2% increase compared to a 0.9% increase the month before.

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EURUSD Weekly Forex Forecast – 10th to 14th Mar 2017

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