[FOREX TIP] AUDUSD Weekly Forex Forecast – 11th to 15th Sept 2017

AUDUSD Weekly Forex Forecast – 11th to 15th Sept 2017

The AUDUSD broke to new yearly high levels reaching 0.8125 which now remains an important resistance level. Only a break and a daily close above this level will open up the door for the current bullish run to overextend all the way to 0.8200 levels. The stochastic indicator is already coming off of overbought territory which can indicate that early in the week we can see a pullback. On the downside, the first level of support only comes at 0.8050 but the big psychological number 0.8000 remains the key level for the AUD/USD exchange rate.

As long as we trade above this level, we should expect the bulls to remain in control. A break below 0.8000 will be an important shift in sentiment and we can see AUDUSD extending down to 0.7878. The Australian economic calendar will bring only some minor risk events. Thursday the Unemployment rate and the employment numbers are scheduled to be released. Also, the same day we have the Chinese Retail Sales

Previous AUDUSD Weekly Forex Forecast

AUDUSD Weekly Forex Forecast – 11th to 15th Sept 2017

The post AUDUSD Weekly Forex Forecast – 11th to 15th Sept 2017 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] USDCAD Weekly Forex Forecast – 11th to 15th Sept 2017

 

USDCAD Weekly Forex Forecast – 11th to 15th Sept 2017

The USDCAD sell off has not disappointed as the bearish trend continued to extend further lower. However the sell-off was overextended and we found support in the vicinity of the big psychological number 1.2000 which remains the logical next hurdle for the bears. Last week low 1.2061 remains the key support level for the future price action.

The stochastic indicator is already in oversold territory and we suspect that a reset is needed before further downside movement to be seen. On the upside the next important level is 1.2180 intraday resistance followed by 1.2300. We need to remain below 1.2300 on a daily closing basis in order for the bearish trend to remain intact. The Canadian economic calendar won’t bring any risk event so we can expect that the main driver behind the USDCAD exchange rate to be the interest rate speculation.

Previous USDCAD Weekly Forex Forecast

USDCAD Weekly Forex Forecast – 11th to 15th Sept 2017

The post USDCAD Weekly Forex Forecast – 11th to 15th Sept 2017 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] GBPUSD Weekly Forex Forecast – 11th to 15th Sept 2017

GBPUSD Weekly Forex Forecast – 11th to 15th Sept 2017

The GBPUSD broke above the key psychological number 1.3000 and continued to trade higher in a strong fashion way with bullish momentum behind the price. This rally has opened the door for a possible break above August’s high 1.3267 which is also the yearly high price. However, as long as we trade below 1.3267 swings high we can see first a retracement towards support level 1.3150 followed by 1.3100. A break below this important support level will also invalidate the bullish case.

The stochastic indicator is in overbought territory, so early in the week we can expect at least a pause in the bullish run before to decide on the next leg. A break and a daily close above 1.3267 will open the door for a retest of the 1.3340 an important daily pivot point. The UK economic calendar is heavy in terms of risk events that can be the catalyst for higher volatility. On Tuesday we have the CPI inflation figures and based on the market expectation we should see an uptick in inflation. Wednesday we have the Unemployment rate expected at 4.4% and the Employment figures. Thursday is the highlight risk event as the BOE is scheduled to announce its interest rate decision. Traders need to pay attention to how many dissidents are in favor of a rate hike as this can be the signal traders need to speculate on future rates hikes.

Previous GBPUSD Weekly Forex Forecast

GBPUSD Weekly Forex Forecast – 11th to 15th Sept 2017

The post GBPUSD Weekly Forex Forecast – 11th to 15th Sept 2017 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX NEWS] EUR/USD Forecast Sep. 11-15 2017

EUR/USD was not convinced by Draghi’s complaints about the exchange rate and reached new highs. Can it continue even higher? A mix of inflation, industrial output, and trade balance numbers awaits us. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The ECB did not reach a decision about [...]

The post EUR/USD Forecast Sep. 11-15 2017 appeared first on Forex Crunch.

via Forex Crunch

[FOREX TIP] Weekly Forex News Events for EURUSD – 11th to 15th Sept 2017

EURUSD finished the week by producing a bearish candle. The overall trend is with the bull. Thus, the next week might be an interesting week. Not too many high impact news events are to take place in the next week. Thus, the next week might be a good week for the traders that follow technical analysis. However, we must keep our eyes on these news events below

Wednesday-13^th September-GMT 12.30

• PPI m/m

This news event often ends up creating long spikes on the intraday charts. Thus, it has to be dealt carefully by EURUSD intraday traders.

Wednesday-13^th September-GMT 14.30

• Crude oil inventories

This news event has the potential to create extreme volatility. Most of the time, it ends up creating average volatility though. However, intraday traders should wait for the impact of this news event to get over to find out trading opportunities.

Thursday-14^th September-GMT 12.30

• CPI m/m
• Core CPI m/m
• Unemployment Claims

These data are going to be released at the same time. They often create huge volatility. Thus, EURUSD traders should look for trading opportunities once the impact of these news events get over.

Friday-15^th September-GMT 12.30

• Core retail sales m/m
• Retail sales m/m

These two news events are to take place at the same time on Friday. Many traders normally come out with their running positions to wrap up their trading week by this time. These two things often create extreme volatility, which even ends up sometimes change a trend as well.

The post Weekly Forex News Events for EURUSD – 11th to 15th Sept 2017 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] USDCHF Weekly Forex Forecast – 11th to 15th Sept 2017

USDCHF Weekly Forex Forecast – 11th to 15th Sept 2017

Technical Outlook: The USDCHF was seen falling back to the previous support level established at 0.9455. Price action tested the lows from July 21, briefly breaking past this low before recovering slightly. With price at support, the follow through will suggest the near term outlook. As long as the support level is not breached, USDCHF could possible post a reversal at this level. In this scenario, the currency pair could still look at targeting the main resistance at 0.9894 – 0.9861. Alternately, a break down below 0.9455 will signal further downside in the currency pair pushing through to 0.9400 support..

Fundamental Outlook: It will be a somewhat busy week for the Swiss franc. This week’s SNB quarterly monetary policy meeting is due on Thursday. The central bank is expected not to make any changes, leaving the 3-month LIBOR rate unchanged at -0.75%. The SNB is also likely to signal that the Swiss franc is overvalued, sticking with the familiar narrative. The Swiss franc is also likely to react to data from the U.S. which includes the monthly PPI figures and consumer price index data.

Previous USDCHF Weekly Forex Forecast

USDCHF Weekly Forex Forecast – 11th to 15th Sept 2017

The post USDCHF Weekly Forex Forecast – 11th to 15th Sept 2017 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] USDJPY Weekly Forex Forecast – 11th to 15th Sept 2017

USDJPY Weekly Forex Forecast – 11th to 15th Sept 2017

Technical Outlook: The USDJPY continues to remain weak with most of the gains coming on the back of a stronger yen. Geo-political tensions and weak set of data on the economic front has kept the USD in check as well. Last week, USDJPY broke past the support at 108.43. The breach of this level suggests further declines in the near term. The next main support is found at 107.00 which could be tested. However, the Stochastics has currently printed a higher low and this bullish divergence suggests some near term upside. Still, USDJPY will need to clear the resistance at 108.43 in order to confirm the upside. A breakout above this resistance will shift the bias to the upside in the currency pair which could potentially target the next main resistance level at 110.91 – 110.66.

Fundamental Outlook: The Japanese yen continued to strengthen with the U.S. dollar weakening on the back of the economic and geo-political tensions. Fresh tensions arose last week as North Korea tested a new missile last Sunday.On the economic front, data included Japan’s revised quarterly GDP was came in 0.6%. The week ahead will see only second tier data from Japan. This includes the producer prices index and the revised industrial production data. Continued skirmishes from North Korea could of course keep the pressure on the USDJPY this week.

Previous USDJPY Weekly Forex Forecast

USDJPY Weekly Forex Forecast – 11th to 15th Sept 2017

The post USDJPY Weekly Forex Forecast – 11th to 15th Sept 2017 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] EURUSD Weekly Forex Forecast – 11th to 15th Sept 2017

EURUSD Weekly Forex Forecast – 11th to 15th Sept 2017

Technical Outlook: The Euro rallied once again to test the levels above $1.2000 on Friday. However, towards the close, the common currency was seen giving back some of the gains. The price action in EURUSD suggests that resistance at 1.2060 remains strong and could see some near term consolidation in the common currency. This is further seen by the fact that the Stochastics oscillator has also been posting a lower high which suggests a near term decline. Technical support is found at 1.1825 which is yet to be tested. Therefore, watch for the short term technicals at 1.2060 as a reversal at this level could potentially see a move towards the suggested support level at 1.1825.

Fundamental Outlook: Last week, the ECB’s meeting saw the euro continuing to push higher. The gains came as ECB revised the growth forecasts for the eurozone and said that the tapering decision will be announced in October. Despite mentioning the risks of a stronger exchange rate, the euro managed to keep the gains into the week. The week ahead will be quiet in contrast. Industrial production numbers from Italy will be followed by the German final inflation figures for August and from France as well. The euro is likely to take a back seat this week with focus slowly shifting to the future prospects of policy tightening from the central bank.

Previous EURUSD Weekly Forex Forecast

EURUSD Weekly Forex Forecast – 11th to 15th Sept 2017

The post EURUSD Weekly Forex Forecast – 11th to 15th Sept 2017 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: ICOs: Compelling Advantages, Real Risk

A long-time professional in the venture investing space takes a long look at ICOs – outlining the pros, cons and potential impact.

via CoinDesk

CryptoCurrency News: Metropolis Today: The Shifting Plans for Ethereum's Next Big Upgrade

Ethereum's next big upgrade is approaching – but how soon and just what will it entail? To the question, there are shifting answers.

via CoinDesk

CryptoCurrency: Ethereum News September 09, 2017 at 07:00PM #ETH

@ConsenSysAndrew and USC’s @claydube Take A Closer Look At China’s Token Offering Ban https://t.co/n0w6p9FPJ7 #China #TokenOfferings #ICOs

[MORE]