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Forex Forecast May 6th 2016

Forex Forecast USDX May 6th 20166

We are looking for an entry today on EUR/USD because of Nonfarm payroll report at 8:30 AM EST. We believe that the numbers will not hit 200k, we think it will miss it and come in below which will make the dollar swing (become bearish). However, we believe that the Unemployment rate will actually drop to 4.9 which will make ...

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NZD/USD Forecast May 4th 2016

NZD/USD Forecast May 4th 2016

We are looking for an entry on NZD/USD and we can see that it just hit an order block level and it’s a perfect entry for a short position. We also see a very large M formation so it it further confirms that a short position is the right choice. See our entry setup below.  

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EUR/USD Forecast May 4th 2016

EUR/USD Forecast May 4th 2016

Today we are looking for another re-entry position on EUR/USD, we managed to take 160 pips yesterday. We first look at what kind of news we have today by going to myownforex.guru to check out the event calendar (HERE). Look for medium to high news event which are indicated in orange colored !! and red !!!, those are news that ...

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Dollar Index (USDX) – Continued Forecast 4/22/16

USDX Forecast by http://www.myownforex.guru

On April 18th, 2016 we predicted a turn on Dollar index (USDX) to take place at a certain spot (see post here). As we now see at the end of the week, we were pretty much spot on with our forecast (see below). This means that we believe that the dollar will continue to strengthen for another 2-3 weeks because ...

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EUR/GBP Forecast 3-24-16

EUR/GBP 3-24-16 Forecast

We are seeing EUR/GBP going into another consolidation, it is hovering around the mid-point 0.78899 where we believe it is building up buy orders in preparation for EUR rally in the next couple of days. That also means that the GBP will drop when the rally starts so keep an eye on both EUR/GBP and GBP/USD and if EUR/GBP is ...

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EUR/USD Trade Setup 3-24-16

EUR/USD setup

This morning at 7:50 am EST we saw that an bearish order block was created, we waited for counter candle, upon creation of the bearish candle we entered with a 0.50 lot size and in less than 30 seconds we were up $50. Not a bad pay for less than a minute work. However, what we are seeing is a ...

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