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Forex Forecast and Signals for December 8th, 2017

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Rate Us If you like our free Forex forecast and signal service, please help us by rating our free service, after all, it is free and it helps us feel appreciated. We promise it takes you less than 3 seconds to rate us. Forex News Review In today’s Forex forecast and signal review, we start by reviewing our Forex economic calendar HERE,  today's big reports that we are looking at is The Unemployment Rate and The nonfarm payrolls. Based on yesterday's report and how DXY is lined up, it should meet expectations and possibly exceed it; however, in January we believe that…

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Forex News Review

In today’s Forex forecast and signal review, we start by reviewing our Forex economic calendar HERE,  today’s big reports that we are looking at is The Unemployment Rate and The nonfarm payrolls. Based on yesterday’s report and how DXY is lined up, it should meet expectations and possibly exceed it; however, in January we believe that both of these reports will miss the target.

Forex Chart Review and Forecast

We are publishing a Forex forecast report today, despite the fact that we usually don’t post on Friday’s but we have so many requests for it so we agreed to do a forecast for today.

Let’s review our Forex charts HERE, DXY climbed up to the level that we forecasted yesterday, compare our trading chart from yesterday, December 7th and today’s enclosed trading chart (scary how accurate we are 🙂 ). Today we are looking at the nonfarm payroll report, we believe that it will propel DXY even higher and closer to 95.50 liquidity pool, however, we believe there is a chance for a “spike, stop hunt” that will reach down to 93.82 and possibly even 93.55. This is because there is liquidity sitting at 93.70 and at 93.50 and it would help push DXY even higher. Trade carefully today and with tight SL’s, just reenter if you get taken out.

EUR/USD came down to an old pivot point and stopped on it perfectly. We have been in since 1.1806 and sitting in a good position right now. We have tightened the SL (stop loss) because of nonfarm payroll report, we believe there is going to be a stop hunt on EUR/USD that could go all the way up to 1.1800. There is liquidity sitting at 1.1780 and 1.1820, we don’t think 1.1820 is within today’s range and we believe after the stop hunt that EUR/USD will continue being bearish until it hits 1.1550 area.

Review our charts and follow them accordingly.

Play it careful and enjoy.

DXY Forex Forecast December 8th, 2017. Trading signals with Sign up for copy trader

DXY Forex Forecast December 8th, 2017. Trading signals with Sign up for copy trader

EUR/USD Forex Forecast December 8th, 2017. Trading signals with Sign up for copy trader

EUR/USD Forex Forecast December 8th, 2017. Trading signals with 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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