EUR/USD
The euro had an additional strong week as we head into the end of the year. This is mosting likely to be an extremely hard week to trade, simply due to the fact that there will not be much in the method of liquidity sometimes, and the periodic huge order can move the market. Nevertheless, I fully prepare for that the euro is mosting likely to try to get to the 1.23 level offered adequate time, so I still consider temporary dips as temporary purchasing possibilities. Anticipate rough and also loud conditions for the majority of the week.
GBP/USD
The British pound continues to wait for politicians to get it together as for the Brexit settlements are concerned. We are getting closer to a deal it seems, and we are most absolutely in "do or die time." It is anticipated that the two sides will ultimately obtain something going, as you can see based upon the fact that the British pound refuses to succumb to a significant amount of time. Every single time it dips, traders come back in to buy it. I think that we will either see a gap higher on Monday because of a deal, or a pullback that at some point gets bought into, which we have seen multiple times in the past.
USD/JPY
The US dollar remains to fall against the Japanese yen, as it has been doing all year. This is based upon stimulus, and perhaps even based upon a little fear available. What we are seeing is a basic extension of what has actually held true for as long. With that, we will discover trading opportunities moving forward if we simply just wait for temporary rallies to fade. Longer term, I believe that we are going to go looking towards the ¥ 102 level.
USD/CNH
The United States dollar has fallen again for the week against the Chinese yuan, however it does recommend that there is a little bit of support below at the psychologically vital 6.50 level. Nevertheless, the weekly chart looks definitely terrible as well as is probably due for a bounce. Nonetheless, stimulus coming out of the United States could be the factor we break down. While I do not necessarily trade this pair, I do look at it as a sign as to where danger appetite remains in relation to the US dollar.
EUR/USD uptrend is quiet intact in a triangle configuration. It must carry on to rally to 1.0748 or 1.0778 if support around 1.0689 hold. Ex-High: 1.0748 Ex-Low: 1.0671 &nbs
EUR/USD uptrend is quiet intact in a triangle configuration. It must carry on to rally to 1.0765 or 1.0789 if support around 1.0719 hold. Ex-High: 1.0765 Ex-Low: 1.0704 &n
EUR/USD uptrend is quiet intact in a triangle configuration. It must carry on to rally to 1.0715 or 1.0739 if support around 1.0653 hold. Ex-High: 1.0739 Ex-Low: 1.0626 &nbs
EUR/USD uptrend is quiet intact in a triangle configuration. It must carry on to rally to 1.0757 or 1.0778 if support around 1.0702 hold. Ex-High: 1.0778 Ex-Low: 1.0678 &nbs
EUR/USD uptrend is quiet intact in a triangle configuration. It must carry on to rally to 1.0774 or 1.0787 if support around 1.0724 hold. Ex-High: 1.0787 Ex-Low: 1.0724 &nbs