We could be in for a very very quiet market for the course of the day as banks are closed in the US. Our fundamental watch today is basically nil as there are no fueling factors due to come out what so ever so markets could be very quiet indeed. Seem to have had a good forecast for yesterday with 5 out of the 7 pairs going in our predicted direction. On the NZD/USD we didn’t reach our demand zone, but were very close as market spiked in the direction and turned around just short of the zone. We were very accurate on EUR/USD, USD/CAD and USD/CHF. As we had expected theUS Dollar did increase in strength taking our strength meter from a negative/weak outlook to a neutral one. The yen seem to have lost it’a weak move buy slowing down from a extremely weak to a moderately weak outlook which could be a sign of some retracements to come before another rally south. Today we are going to take a mixed stance on both US dollar and Japanese yen. Adding two hedged pairs to offset the trading risk.
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.36368 and 1.36066.
Fundamental Watch
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EUR/USD To Proceed Short Below Barrier Levels 1.36368 And 1.36066
Published 07/04/2014, 01:57 AM
Updated 05/14/2017, 06:45 AM
EUR/USD To Proceed Short Below Barrier Levels 1.36368 And 1.36066
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