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Forex Forecast July 26th, 2017

News Review

Let’s start by reviewing our Forex economic calendar HERE,  we have a couple of reports coming up that can cause volatility, new home sales (should be good), and FEDs monetary policy. We believe that this will cause enough volatility along with the fact that this is the end of the month and my Friday we are going into positioning for first Friday of the month.

Chart Review

When we review our Forex charts HERE, we see that DXY, EUR/USD didn’t do much today, we moved about 35 pips all together, not impressing but still good enough. GBP/USD is showing the weakness that we called for and our short position is still intact for 2 1/2 days.

We had a request from Vimanthan R Kumaar to forecast on EUR/GBP and some other EUR pairs, we are sticking with EUR/GBP (hardest one); we can see a top at .09000 (and you still don’t think the market is rigged????), we are now at a major turning point. However, there is one more trick left, break below .08940 (MM level) and then retest. Once you see the retest, we will go short.

Review our charts and follow them accordingly.

Play it careful and enjoy.

DXY Forex Forecast July 26th, 2017. Trading signals with http://www.myownforex.guru/forex-signal-options/. Sign up for copy trader

DXY Forex Forecast July 26th, 2017. Trading signals with http://www.myownforex.guru/forex-signal-options/. Sign up for copy trader

EUR/USD Forex Forecast July 26th, 2017. Trading signals with http://www.myownforex.guru/forex-signal-options/. Sign up for copy trader

EUR/USD Forex Forecast July 26th, 2017. Trading signals with http://www.myownforex.guru/forex-signal-options/. Sign up for copy trader

GBP/USD Forex Forecast July 26th, 2017. Trading signals with http://www.myownforex.guru/forex-signal-options/. Sign up for copy trader

GBP/USD Forex Forecast July 26th, 2017. Trading signals with http://www.myownforex.guru/forex-signal-options/. Sign up for copy trader

EUR/GBP Forex Forecast July 26th, 2017. Trading signals with http://www.myownforex.guru/forex-signal-options/. Sign up for copy trader

EUR/GBP Forex Forecast July 26th, 2017. Trading signals with http://www.myownforex.guru/forex-signal-options/. Sign up for copy trader

 

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News Review Let’s start by reviewing our Forex economic calendar HERE,  we have a couple of reports coming up that can cause volatility, new home sales (should be good), and FEDs monetary policy. We believe that this will cause enough volatility along with the fact that this is the end of the month and my Friday we are going into positioning for first Friday of the month. Chart Review When we review our Forex charts HERE, we see that DXY, EUR/USD didn't do much today, we moved about 35 pips all together, not impressing but still good enough. GBP/USD is showing the weakness…

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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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