EURUSD weekly outlook 08th-13th August 2016

Non-Farm employment change NFP on Friday was expected to create some violent moves across major pairs simply because of vast gaps between data of previous months. However, it did not create such extreme volatility as expected. None the less the data came out in favor of the US dollar against the forecast figure of 180K. But the actual figure of 255K was …

NZDUSD – Possible bullish Cypher in the making

NZDUSD has an interesting forecast with a possible bullish Cypher pattern in development. The current price level is also at the 50% retracement of the previous bullish impulse. Although the current expectation is for the next bullish impulse, the continuation of the current bear wave is also a possibility. Possible bullish Cypher Why should anyone expect …

Forget about safe haven, JPY is all set to go down

Yen weakness contrary to expert opinion? Safe haven has been the buzz word among traders, specially after the Brexit polls. Gold, silver, other precious and non-precious metals, commodities and the Japanese yen were supposed to be ‘safe haven’ instruments. Just one month after the Brexit polls, JPY is looking extremely bearish. May be the “people” were referring …