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Forex Forecast August 3rd 2016

Happy Hump Day Everyone! Ok, so we are back for some more pips today, our forecast for yesterday was spot on with all 4 pairs that we forecasted. Let's get started by reviewing our economic calendar HERE, we can see that we have a couple of big news events coming up from USA and Japan today, let's see if we can't figure out if they are going to come in on  target, above target, or below. Let's review our chart for USDX HERE, what we see is that USDX turned exactly where we predicted it to turn yesterday, August 2nd, 2016. Based on this we believe that the news from USA today will beat expectations and create a bullish move on USDX and other correlated USD pairs (hint, EUR/USD should drop). Let's review EUR/USD, we see that it as well turned exactly where we predicted yesterday and is now set to drop which is aligned with USDX forecast, so we are bearish on EUR/USD. Finally, let's review CAD/JPY and EUR/NZD since we had a forecast on both of these yesterday. We see that EUR/NZD didn't quite make it down to our predicted LH (lower high) but it still gave us around 40 pips in profit yesterday on its move up and down and we are bullish on it as of last night. Finally, CAD/JPY, it came down and tested an old support and made an "exact turn", it is so clean that it indicates a fabricated test with a strong bullish move possible. Happy trading, trade smart, trade another day USDX Forex Forecast August 3rd 2016, trading signals with http://www.myownforex.guru. Sign up for copy trader EUR/USD Forex Forecast August 3rd 2016, trading signals with http://www.myownforex.guru. Sign up for copy trader EUR/NZD Forex Forecast August 3rd 2016, trading signals with http://www.myownforex.guru. Sign up for copy trader CAD/JPY Forex Forecast August 3rd 2016, trading signals with http://www.myownforex.guru. Sign up for copy trader

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Happy Hump Day Everyone! Ok, so we are back for some more pips today, our forecast for yesterday was spot on with all 4 pairs that we forecasted. Let’s get started by reviewing our economic calendar HERE, we can see that we have a couple of big news events coming up from USA and Japan today, let’s see if we can’t figure out if they are going to come in on  target, above target, or below.

Let’s review our chart for USDX HERE, what we see is that USDX turned exactly where we predicted it to turn yesterday, August 2nd, 2016. Based on this we believe that the news from USA today will beat expectations and create a bullish move on USDX and other correlated USD pairs (hint, EUR/USD should drop). Let’s review EUR/USD, we see that it as well turned exactly where we predicted yesterday and is now set to drop which is aligned with USDX forecast, so we are bearish on EUR/USD.

Finally, let’s review CAD/JPY and EUR/NZD since we had a forecast on both of these yesterday. We see that EUR/NZD didn’t quite make it down to our predicted LH (lower high) but it still gave us around 40 pips in profit yesterday on its move up and down and we are bullish on it as of last night. Finally, CAD/JPY, it came down and tested an old support and made an “exact turn”, it is so clean that it indicates a fabricated test with a strong bullish move possible.

Happy trading, trade smart, trade another day

USDX Forex Forecast August 3rd 2016, trading signals with http://www.myownforex.guru. Sign up for copy trader

USDX Forex Forecast August 3rd 2016, trading signals with http://www.myownforex.guru. Sign up for copy trader

EUR/USD Forex Forecast August 3rd 2016, trading signals with http://www.myownforex.guru. Sign up for copy trader

EUR/USD Forex Forecast August 3rd 2016, trading signals with http://www.myownforex.guru. Sign up for copy trader

EUR/NZD Forex Forecast August 3rd 2016, trading signals with http://www.myownforex.guru. Sign up for copy trader

EUR/NZD Forex Forecast August 3rd 2016, trading signals with http://www.myownforex.guru. Sign up for copy trader

CAD/JPY Forex Forecast August 3rd 2016, trading signals with http://www.myownforex.guru. Sign up for copy trader

CAD/JPY Forex Forecast August 3rd 2016, trading signals with http://www.myownforex.guru. Sign up for copy trader

About Chris

Chris Wittusen started trading in early 90's, mainly in stocks but is now mainly trading in Forex (currency trading). He also manage a successful Forex group on Facebook, where he shares his knowledge to other people that want to learn more about how to trade in Forex. His technique still applies to both Forex and Stocks due to his style of naked chart trading along with box trading.
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