Post by walexy10 on Dec 2, 2014 10:29:51 GMT
GBPUSD: This pair is expected to rise to 1.5900 level before it resumes the downward trend. the current upward movement is just corrective as the big time frames are all showing SELL. SO IT IS EXPECTED TO CAP at 1.59.
EURUSD; This pair is bound to continue drop; meanwhile, correction has to take place to 1.253 which will serve as the turning point for this month. so, it caps at 1.2530.
AUDUSD: this pair goes down but correction drags it to 0.9580 thereabout. the pivot point is 0.8595 for this month; it is not expected to surpass the point before the downward trend resumes big time.
NZDUSD: After retracement of 0.8030 last month and failure to break it, it serves as perfect turning point for this pair; this pair should be targeting 0.7660 near the previous month low and may even break it substantially as the RBNZ thinks the NZD is well overvalued. So buyers beware of jow-boning from the RBNZ officials anytime.
USDJPY: Upward trend is certain on this pair; but expect heavy correction. My target on the upside is 122 LONG TIME.
Happy trading.
EURUSD; This pair is bound to continue drop; meanwhile, correction has to take place to 1.253 which will serve as the turning point for this month. so, it caps at 1.2530.
AUDUSD: this pair goes down but correction drags it to 0.9580 thereabout. the pivot point is 0.8595 for this month; it is not expected to surpass the point before the downward trend resumes big time.
NZDUSD: After retracement of 0.8030 last month and failure to break it, it serves as perfect turning point for this pair; this pair should be targeting 0.7660 near the previous month low and may even break it substantially as the RBNZ thinks the NZD is well overvalued. So buyers beware of jow-boning from the RBNZ officials anytime.
USDJPY: Upward trend is certain on this pair; but expect heavy correction. My target on the upside is 122 LONG TIME.
Happy trading.
