Table of Contents AUDCAD Forecast – Weekly Recap AUDCAD Forecast – Strategy AUDCAD Forecast – Weekly Recap On the weekly chart, the AUDCAD ended bearish momentum by forming a double bottom at 0.85876, after which price started to form bullish momentum. Previously, price rejected the resistance level at 0.9058. However, the bullish momentum is still strong, as price is forming an ABCD pattern. Source: AUDCAD Tradingview AUDCAD Forecast – Strategy According to the Fibonacci retracement plotted, the currently bullish momentum is moving towards 0.90662, a resistance level based on price acti ..read more

Table of Contents EURJPY Forecast – Weekly Recap EURJPY Forecast – Strategy EURJPY Forecast – Weekly Recap We have traded this pair for over a month, buying every pullback at key support areas. EURJPY has been on bullish momentum since the beginning of the year. However, the price is approaching a key resistance level on the monthly time frame. As the price moves closer to the monthly resistance level at 169.620, EURJPY’s buying momentum is slowing down, which means investors have started to take profit. Source: Tradingview EURJPY Forecast – Strategy In the weekly time frame, we can see ..read more

Table of Contents GBPUSD Forecast – Recap GBPUSD Forecast – Strategy GBPUSD Forecast – Recap Last week, we had a bearish view on the GBPUSD pair and were expecting a continuation of the bearish move. At the beginning of the week, GBPUSD indeed moved downward. However, it met strong resistance at the 1.25415 support level, immediately leading to GBPUSD forming a bullish divergence and closing the week above the 200 Moving average on the daily time frame. Source: Tradingview GBPUSD Forecast – Strategy Despite GBPUSD closing above the 200-day Moving Average and rejecting the support are ..read more

Table of Contents Gold Forecast– Weekly Recap Gold Forecast – Strategy Gold Forecast– Weekly Recap In last week’s forecast, I mentioned that Gold was currently overbought and there is a need for a retracement. Our first sell attempt was stopped out due to the price of Gold getting pushed above the trend line until 2222.00 to make an all-time high; at which we took another sell position to gain massive profit. All this was achieved in the VIP Telegram group. The price of Gold closed around 2165.00 for the week after the drop from the all-time high of 2222.00 Source: Tradingview Sourc ..read more

Table of Contents EURUSD Forecast – Recap EURUSD Forecast – Strategy EURUSD Forecast – Recap Like the GBPUSD, the EUR/USD completed its rally and broke below the trend line as seen in the chart below, retested it, but was rejected by sellers. In addition, GBPUSD also broke below the 50 and 200 Moving Averages on the daily time frame. This signals a sell continuation this week. Source: Tradingview EURUSD Forecast – Strategy On the 4-hour chart, the EUR/USD is forming a structure of 3 LHs and LLs; which indicates the selling pressure is gaining momentum. There is a possibility the EUR ..read more

Table of Contents GBPUSD Weekly Forecast – Recap GBPUSD Weekly Forecast – Strategy GBPUSD Weekly Forecast – Economic Data GBPUSD Weekly Forecast – Recap Last week’s forecast, we had 2 strategies, the first is to buy GBPUSD if the price rejects the support level at 1.27097; while the second would be to sell the continuation if the price breaks below the 1.27097 level. We sold the GBPUSD and made huge profits. The GBPUSD closed the week below the 1.27097 support level. Even though the price is holding above the 200 Moving Average, we held the sell into this week as we anticipate a further bea ..read more

Table of Contents Introduction Brief Overview of the U.S. Federal Interest Rate Importance of understanding its significance The Significance of the U.S. Federal Interest Rate Role in Monetary Policy Impact on Economic Indicators Factors Influencing U.S. Federal Interest Rate Decisions Economic indicators Inflationary pressures Labor market conditions International economic factors Trading Strategies for U.S. Federal Interest Rate Pre-announcement positioning Reactionary trading Volatility-based strategies U.S. Federal Interest Rate and Forex Trading Impact on currency pairs Fu ..read more

Table of Contents GOLD XAU/USD WEEKLY FORECAST – RECAP GOLD XAU/USD Weekly Forecast – Strategy I GOLD XAU/USD Weekly Forecast – Strategy II GOLD XAU/USD WEEKLY FORECAST – RECAP Gold has been trading bullish for the past three weeks, but it closed bearishly last week. This has led to the formation of a potential bearish divergence pattern on the weekly chart. It is important to note that this potential bearish divergence is not yet confirmed, as the pattern is still incomplete. Furthermore, there is currently no structure in place to confirm the bearish divergence. XAU/USD 1W – Source: Tra ..read more

Table of Contents GBP/JPY Weekly Forecast – Recap GBP/JPY Weekly Forecast – Strategy I GBP/JPY Weekly Forecast – Strategy II GBP/JPY Weekly Forecast – Recap In the VIP telegram group, we have recently made a call to enter a buy position in GBPJPY from the support level at 188.027. Our decision to take this action was driven by the fact that the price of GBPJPY has been consolidating within a range for over two weeks. As experienced traders, we have identified that the price has been repeatedly bouncing off the support level and the resistance level of the range. Therefore, we have been buyi ..read more

Table of Contents GBP/USD Weekly Forecast – Recap GBP/USD Weekly Forecast – Strategy I GBP/USD Weekly Forecast – Strategy II GBP/USD Weekly Forecast – Final Note GBP/USD Weekly Forecast – Recap In my previous post, I provided an analysis of the GBPUSD currency pair and predicted that a correction would occur due to being overbought. The correction areas that I anticipated were at the 0.382 Fibonacci retracement level at 1.28257 and the 0.236 retracement level at 1.27097. The price of GBPUSD closes the week right above the 1.27097 price level Source: Tradingview GBP/USD Weekly Forecas ..read more