NZDUSD Forecast: BEARISH Targets: 0.7300 & 0.7200 Alternative: If price moves above 0.74 then look for further upside towards 0.75. EURGBP Forecast: BULLISH Targets: 0.8700 & 0.8850 Alternative: If price breaks below channel the look for further movement towards 0.855. USDJPY Forecast: BULLISH Targets: 109.000 & 112.000 Alternative: If price breaks upward trendline then look for further downside towards 100.00.   NOTE : THIS… Read More


With the ECB (European Central Bank) Monetary Policy meeting on Thursday this week and the FOMC (Federal Open Market Committee) meeting on Wednesday 21st March. It is worth looking at the interest rate forecasts for the two currencies and what it could mean for the pair. Euro The ECB Monetary Policy meeting on Thursday this… Read More


EURUSD Forecast: BEARISH Targets: 1.2200 & 1.2100 Comments: Non-farm Payroll data on Friday 9th March so be careful when trading USD pairs. GBPUSD Forecast: BEARISH Targets: 1.3700 & 1.3600 Comments: Non-farm Payroll data on Friday 9th March so be careful when trading USD pairs. USDCAD Forecast: BEARISH Targets: 1.2700 & 1.2500 Comments: Non-farm Payroll data on Friday 9th March so be careful when trading… Read More


EURUSD Forecast BEARISH Targets 1.2200 & 1,2100 Comments Trendline on 4 hour chart was broken and retested. On the monthly chart, the price was rejected by the long term downwards trendline and the 1.2500 area. GBPJPY Forecast BULLISH Targets 151.500 & 153.000 Alternative If lower trendline is broken then expect further downside towards 147.000. USDJPY Forecast… Read More


EURUSD Forecast Bearish Targets 1.22800 & 1.21000 Alternative If price breaks downward trendline and 1.25000 then expect further upside towards 1.28000. USDJPY Forecast Bullish Targets 112.000 & 114.000 Alternative If price breaks 108.000 area then expect further downside towards 106.000. EURJPY Forecast Neutral Targets Upside: 139.000 Downside: 135.000 & 133.000   NOTE : THIS IS… Read More


EURUSD Forecast Bearish Targets 1.20, 1.16 & 1.05 Comments Wait for the current monthly candle to close below 1.25 and downwards trendline. NZDUSD Forecast Bearish Targets 0.70, 0.68 & 0.62 Comments Allow further upside towards 0.75. Open trade when bearish weekly candle forms. AUDJPY Forecast Neutral Targets Upside: 94.00 & 100.00 Downside: 84.00 & 75.00… Read More


Forecast: BULLISH The Federal Reserve is expected to raise interest rates 3 times in 2018. The first hike is scheduled for March. The most important factor that the markets will be paying attention to is whether core inflation starts to push higher. As US unemployment drops to record lows of 4.1%. Wages are expected to… Read More


Forecast: NEUTRAL For the first time in 10 years, the Bank of England raised interest rates. This was due inflation reaching 3.1%. The high inflation wasn’t so much due to a healthy economy producing positive data. It was more down to the depreciation of the GBP after Brexit. The GBP lost 20% of its value… Read More


Forecast: BULLISH The European Central Bank is expected to completely withdraw from its quantitive easing bond purchasing programme in September. The EUR has been strong throughout 2017 due to economic data confirming the central bank’s quantitative easing programme pushed inflation back towards their 2% target and has also improved unemployment. The unemployment rate has fallen… Read More


Forecast: BULLISH The Bank of Canada hiked interest rates twice in the first half of 2017 which caused the Canadian Dollar to be very bullish throughout the year. Canada has now recovered from the oil crises in 2014 which saw oil prices drop from $114 per barrel to $26 per barrel. The Bank of Canada… Read More