The UK Budget

Trading professional, official analyst, representative at Instaforex Companies Group and freelance author.

Weekly Trading Forecasts for Major Pairs (July 17 - 21, 2017)

16 Jul 2017 @ 04:44
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair has been going upwards since June 27, and the bullishness has been maintained. Price also went upwards last week, though in a zigzag manner, closing above the support line at 1.1450 on Friday, and trying to go for the resistance line at […]
 

Daily analysis of major pairs for July 10, 2017

10 Jul 2017 @ 04:18
The market moved sideways in the first few days of last week, before moving further upwards. Since June 15, the market has gained about 740 pips, closing close to the supply zone at 130.00 on Friday. Once the supply zone is breached to the upside, price would target other supply zones at 130.50, 131.00 and […]
 

Weekly Trading Forecasts for Major Pairs (July 10 - 14, 2017)

08 Jul 2017 @ 23:04
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The market was engaged in a bearish correction from Monday through Wednesday and then rallied on Thursday, to close on a bullish note on Friday. This has put some emphasis on the bullish bias on the market, which means that occasional corrections would often […]
 

Daily analysis of major pairs for July 3, 2017

03 Jul 2017 @ 09:34
The GBP/USD gained about 340 pips last week, closing above the accumulation territory at 1.3000 (which was our target for last week). It is possible that price would continue going upwards this week, but the upwards movement would not be much, owing to a bearish outlook on GBP pairs for this week and for the […]
 

Weekly Trading Forecasts for Major Pairs (July 3 - 7, 2017)

02 Jul 2017 @ 04:04
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish Last week, a bullish breakout in this market put an end to the neutral bias on it, which was in place from June 12 to 23. Price gained more than 250 pips, almost reaching the resistance line at 1.1450, but closing above the support […]
 

Weekly Trading Forecasts for Major Pairs (June 26 - 30, 2017)

26 Jun 2017 @ 03:01
Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This market did nothing significant last week, save the movement between the resistance line at 1.1250 and the support line at 1.1100. The market has essentially become neutral, and that bias would hold out until the aforementioned resistance line is breached to the upside […]
 

Daily analysis of major pairs for June 19, 2017

19 Jun 2017 @ 05:11
The GBP/USD is a volatile market, and price did not a make a significant directional bias last week. This has forced the market to enter a neutral bias in the short-term. There would be an end to the neutral bias when the accumulation territory at 1.2600 is breached to the downside, or the distribution territory […]
 

Weekly Trading Forecasts for Major Pairs (June 19 - 23, 2017)

18 Jun 2017 @ 09:25
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The market largely consolidated last week – in the context of an uptrend. A movement below the support line at 1.1100 could trigger a bearish signal, and that exactly is what is expected this week, for the outlook on EURUSD (and some EUR pairs) […]
 

Daily analysis of major pairs for June 12, 2017

12 Jun 2017 @ 05:09
As it was anticipated, GBP pairs underwent major pullbacks on June 9, while The EURGBP shot skywards. That was what put an end to the short-term neutrality on the GBP/USD, which lost 300 pips initially. The outlook on GBP pairs remains bearish for this week, and further southwards movement is expected as the accumulation territories […]
 

Weekly Trading Forecasts for Major Pairs (June 5 - 9, 2017)

03 Jun 2017 @ 05:35
Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated in the first few days of last week, and then went slightly upwards. On Friday, price closed above the support line at 1.1250, targeting the resistance line at 1.1300. The outlook on EUR pairs, however, is bearish for this week, which […]
 
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