Forex Forecast Is Out!!!

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Forex Forecast January 20th – 25th  visit Epitometrading.com to watch video.

 

Forex Forecast this week we will be looking at the Euro vs the U.S. Dollar , Great British Pound vs U.S. Dollar as well as touch on the Japans Yen crosses.  Last week  the markets still refused to pull back including the S&P 5oo which has a Hug gap down below that i still believe will get filled and when it does Risk on currencies will most likely decline in price.

 

Forex Forecast Eur/Usd

 

Forex forecast for the Euro U.S. dollar (Eur/Usd) is as follows I believe we could start to see a pullback soon.  The euro is over valued at theses level in my opinion.  When looking at the economy in Europe.  Greece may be in a depression, Spain is not far behind and other Euro zone countries have slow growth at best.  Now looking at the charts on the last 2 highs Momentum has been getting weaker and weaker.  The Macd indicator has failed to confirm new highs at this time.  Last week we tested the #2 swing point and bounced higher only to close back at that level on Friday.  If the Euro Dollar can close below swing point area  #1  then I believe if has room to  further decline.  Keep in mind the Swiss government pegged the Euro to the Swiss Frank now at 1.2500  which helped push the Euro higher this past week.  The Euro Swiss Frank is now sitting around those levels which means there may be less buys causing the Forex pair to decline.

 

 

 

Forex Forecast Gbp/Usd

 

Forex Forecast for the Great British Pound vs U.S. Dollar is as follows.  I think further decline for this Forex pair is coming  pay attention this weeks to the Swing point at 1.5826.  If the British Pound breaks this level then we will be using are Fibonacci  retracement tool to project our external retracement levels and  lower price targets.  If and when the Swing point marked #1 is broken then use your Fibonacci retracement tool to project three price levels.  Those levels are the 127.2% Fibonacci level at a price point of 1.5662 the 161.8% Fibonacci external retracement at a price point of 1.5467 and finally the 200%  at a price level of 1.5252 which also lines up with a previous swing low.

 

 

 

Next Pull for a Fibonacci internal retracement from the swing point market #3 at a price point 1.5267 and pull it all the way to the high of  swing point #2 at a price of 1.6382.

 

 

 

 Now you should be able to see 3 confluence area on your chart marked in blue.  The first is the 127.2% external retracement and the 61.8% internal retracement this is area one that we need to watch  If this level does not hold then we will be going to our next level which is the 161.8% external retracement and the 78.6% internal retracement if that level does not hold then look for price the make it all the way down to the 200% level that matches up with our lower swing point #1 at a price level of 1.5267.

 

 

 

 

 

Forex Forecast Yen Pairs

 

Forex Forecast for Japans Yen cross pairs is as follows the momentum is still to the upside at this time.  Keep in mind they will pullback.  This week could be the week if the Bank of Japan to disappoints. My Forex Forecast is for the Bank of Japan to disappoint the markets expectation.  The reason I am leaning towards this is due to the fact every trader I have talked to tells me the Yen is the trade of the year and they have been counting there P&L (profit and loss) before the year is over.  Keep in mind most traders are wrong and that is  why My Forex  forecast is for the Yen pairs to pull back soon before continuing there move.

 

 

 

Watch The Forex Forecast Video Below

 

If you enjoyed this weeks Forex Forecast  post  please tweet it out, like it on facebook and shares it with your friends and family.  If there are other pairs you would like me to cover in future Forex Forecast Videos Leave a comment and I will make sure to included them next time.  If you enjoyed the Forex Forecast video and post you can leave a comment letting me know as well.

 

Visit http://epitometrading.com to view the video