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Weekly FX forecast from NordFX

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  • Weekly FX forecast from NordFX

    Generalized Forex Forecast for 2-6 February 2015
    Roman Butko, NordFX




  • #2
    Roman Butko, NordFX

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    • #3
      EUR/CAD Towards Bullish Outlook

      EUR/CAD is also breaking above a descending triangle resistance and show impact towards upwards.

      http://www.fxpips.com/eurcad-leaning...llish-outlook/

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      • #4
        The GBP/USD is going up very slowly and soon it should be testing the resistance, which is rather strong. The general trend may change at the level of 1.5700. If there will be a pivot, that'll mean a good moment to open a sell.

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        • #5
          I expected the direction to change somewhere about this level, so the chart seems to start going down. That means it's time to open a sell.

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          • #6
            The GBP/USD market was strongly falling, but now it seems to start forming a support. If it goes up eventually, I'll open a buy today.

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