Weekly Forex pair analysis
Weekly Forex pair analysis is very vital think to predict. Some how it happen best sometime it goes to worst.Whatever by analysis studying you may just get some ideas what about this week. Remember every moment has its own power,so by today it is difficult to say what happen tomorrow.Some prediction by this week (24.08.2015 to 29.08.2015) is given below. To be noted that its only base on some indicator base. Analysis your own thinking and follow money management and other thing.
GBP/USD: Technical Analysis |24-August-2015|
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A growth is expected. wave C continues forming. Locally, the first wave i of C is likely to be forming, within which, supposedly, the third wave of the junior level (iii) is developing. If the assumption is correct and the price does not break down the critical level of 1.5625, the pair continues growing to 1.5900-1.6000. we think you may know wave. If you don’t know just read A wave,what make sense your view.
#Tradings tips by analysis
Buy the pair from corrections, above the level of 1.5625 with the target at 1.5900-1.6000.
#Alternative scenario if so
The breakdown and consolidation below the level of 1.5625 would allow the pair to continue declining to 1.5500-1.5400.
EUR/USD: Technical Analysis |24-August-2015|
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The European currency is strengthening.
The third wave of the senior level 3 continues forming. Locally, the third wave of the junior level wave (iii) of iii of 3 seems to have finished and a correction as the fourth wave with the target levels at 1.1446-1.1365 started developing. If the assumption is correct, after the correction, the pair continues growing to 1.1850-1.2000 marks. A critical for this scenario is the level of 1.1216, the breakdown of which would allow the pair to continue falling to 1.1000-1.0900.
#Tradings tips by analysis
When the correction finishes, buy the pair (if indicators give appropriate signals) with the target at 1.1850-1.2000.
#Alternative scenario if so
The breakdown and consolidation below the level of 1.1216 would allow the pair to continue declining to 1.1000-1.0900.
USD/JPY one day fall is largest since 1998
USDJPY to 116.16 from 119.56 Absolute panic now. The crowded USD long trade is being routed. The pair is down 4.3% — that’s more than any single day in the crisis and the most since the LTCM crisis in 1998 according to Reuters reporter Jamie McGeever.
USD/CAD: Technical Analysis |24-August-2015|
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The pair is in a correction; a decline is expected.Tthe third wave of the senior iii of 5 has formed. Locally, a correction as the fourth wave iv is likely to be forming, within which the first wave (a) as a diagonal and a correction within the wave (b) have formed. If the assumption is correct, the pair continues declining to 1.2785 within the wave (c) in the short run. A critical for this scenario is the level of 1.3180, the breakout of which would lead to the further growth of the pair.
#Tradings tips
Sell the pair from corrections, below 1.3180 with the target at 1.2785. If the level of 1.3180 is overcome, buy the pair with the target at 1.3455.
#Alternative scenario
The breakout and consolidation above the level of 1.3180 would allow the pair to continue growing to 1.3455.
USD/JPY: Techinical Analysis |24-August-2015|
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A decline is expected. Within the daily timeframe, assumingly, the third wave (3) of the senior level has formed. Locally, as it seems, a big “bearish” correction as the fourth wave (4) to the target level of 117.00 started developing, within which, presumably, a starting impetus as the first wave is forming. If the assumption is correct and the price does not break through the critical level of 124.56, the pair continues declining to 121.50-121.00. If the critical level is overcome, the pair continues growing to 127.55.
#Tradings tips
Sell the pair from corrections, below 124.56 with the target at 121.50-121.00. If the level of 124.56 is overcome, buy the pair with the target at 127.55.
#Alternative scenario
The breakout and consolidation above the level of 124.56 would allow the pair to continue growing to 127.55.
Note : To take Forex Trading in a pair must follow the rules. Other wise you may drawn in a deep sea.
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