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Hello Friend,
Each week we like to send out our thoughts on the Forex market, not only to highlight potential trade set-ups for you to watch out for, but also to enhance your learning with some real-time market analysis.
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results:
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| Let’s take a look at the relevant data of currency price changes and interest rates to date, which we compiled using a trade-weighted index of the major global currencies: |
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Last week, we forecasted that the EUR/USD currency pair would rise in value. This was a good call, as the price rose by 1.04% over the past week.
The Forex market showed an increase in volatility compared to the previous week, with 44% of the important currency pairs and crosses moving by more than 1% in value last week. Volatility is likely to remain at a similar level over the coming week.
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Deeper technical analysis can help you improve your strategy and your confidence.
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Download the free DailyForex app to get the latest market updates straight to your cell phone.
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Copyright 2020 FXAcademy
Disclaimer:FXAcademy will not be held liable for any loss or damage resulting from reliance on the information contained within this mail and in itsthe FXAcademy's website, including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of FXAcademy or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
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