GenmanFX

08:45

GenmanFX

We have our first Weekly Forex Forecast of the year 2023, We looking at Nasdaq, SP500, GBPUSD, AUDCAD, USDJPY. I hope you enjoy it and that it helps you with your trading career.

GenmanFX

GBPUSD Bullish above 1.32 zone and Bearish below 1.319

GenmanFX

AUDJPY bulls, in the minor trend, have been gaining traction, attempt to bounce back as the pair breaks-out resistance of 21-DMA levels. For now, the current price remains well above DMAs but attempting to head for yet another resistance of 79.102 levels, further rallies seem to be most likely as both RSI and stochastic indicates the buying momentum. We reiterate...

GenmanFX

Shorts Favored at 79.162/4 SL at 79.99 Targeting 77 levels

GenmanFX

We believe that a break above $58 will push the OIL higher towards $62 and Even higher, However bare in mind that every resistance might push the pair lower, so we remain bullish only above $55

GenmanFX

EURUSD was trading lower on thursday and lost nearly 100 pips on account of dovish ECB policy. ECB has kept its policy unchanged with deposit rate at -0.4% ,marginal lending rate at 0.25% and main refinancing rate at 0%. ECB President Draghi was more dovish and highlighted increased downside risks on account of global uncertainties. The pair recovered sharply from...

GenmanFX

GTSS JOURNAL, S&P500 has recovered more than 1% after a minor 3 days of selling. The index was closed higher for 5th consecutive week on account of US -China trade optimism. Wall Stret surges on upbeat earnings and US senate is finding ways to end 35th day of government shutdown.The index has jumped more than 14% from low of 2334.It is currently trading around...

GenmanFX

GTSS JOURNAL, USDCHF halted its bullishness and shown a nearly 60 pips decline from the high of 0.9990. Swiss franc was trading weak for past one week on account of easing US-China trade deal and slight recovery in global stock market. US markets has recovered nearly 9% in the month of Jan.But US government shutdown and Brexit uncertainty rises demand for safe...

GenmanFX

EURGBP is strongly bearish, 0.886 will help increase bearish momentum should the level be broken

GenmanFX

Long and Short term term view, 1265 is support, As long as price remain above uptrend channel, I am bullish

GenmanFX

Watch pull back on gold

GenmanFX

UJ Still to decide where to next

GenmanFX

So many Bullish confirmations We had an Inverted hanging man Today we had a bullish crossover RSI is also confirming short term bulls ATM