Dow jones Rally resumed heading for 21170 and 21520

Dow jones technical analysis on 16 march 2017

Dow jones technical analysis on 16 march 2017

Dow jones after hitting target of 21170 retraced on profit booking and hit low near 20777. But traders are buying to every dip and rally still strongly intact. This reversal is strong and momentum indicators and oscillators once again signaling big upside move this major index. On upside expect 21170 as first target of this reversal move and then my next technical target will be 21520 for month of March 2017.

 

Daily closing above 21520 means super bullish rally with short covering for technical targets 22180 and 22540. Which quit possible and momentum is strong with liquidity in market!! Trump hope rally might survive month of March which quietly remain negative for markets!!

 

On downside 20777 support is very important for dow jones if get breached on daily closing basis then expect strong correction towards 20500 support. Below 20500 Dow will officially enter short term downtrend for bearish targets 20150 and then 19450.

Forex Market week ahead 27 Feb to 3 march 2017

Eur usd weekly outlook for 27 Feb to 3 march 2017

Eur usd weekly outlook for 27 Feb to 3 march 2017

#forex #weekly: #euro #dollar from 1.0625 to 1.0493 continues downtrend hit 1.0490 next tgt will be 1.02.

Gbp usd weekly outlook for 27 Feb to 3 march 2017

Gbp usd weekly outlook for 27 Feb to 3 march 2017

#forex #weekly: #pound #dollar from 1.24 to 1.2569 consolidating outlook bullish above 1.2415 only.

Aud usd weekly outlook for 27 Feb to 3 march 2017

Aud usd weekly outlook for 27 Feb to 3 march 2017

#forex #weekly: #Aussie #dollar from 0.7649 to 0.7740 bullish and consolidating. Hit swing tgt 0.7720 next target will be 0.7875.

Usd jpy weekly outlook for 27 Feb to 3 march 2017

Usd jpy weekly outlook for 27 Feb to 3 march 2017

#forex #weekly: #dollar #yen from 113.77 to 111.92 bearish but forming bottom? Expect upside up to 114.5 to 117.

Usd chf weekly outlook for 27 Feb to 3 march 2017

Usd chf weekly outlook for 27 Feb to 3 march 2017

#forex #weekly: #dollar #franc from 1.0024 to 1.0080 strong reversal expect bullish swing targets at 1.0196 and then 1.0500+.

Usd cad weekly outlook for 27 Feb to 3 march 2017

Usd cad weekly outlook for 27 Feb to 3 march 2017

#forex #weekly: #dollar #loonie from 1.3052 to 1.3209 bouncing back remain sell below 1.3155 for tgts 1.2855 and then 1.2660.

Forex market 2017 technical outlook

EUR USD 2017 technical outlook

Eur/usd yearly forecast-remain sell tgts 1.0050-0.9570

Euro dollar pair on monthly chart is in absolute downtrend and with strong bearish momentum. In 2016, we saw euro tried to gain but at the end of 2016, dollar stated it rally and pushed euro to new low. This might continue on 2017, and expect euro to slide up to 1.0050 which is my first bearish 2017 target for euro and below it euro will fall below 1.0 level to my next target of 0.9560. On upside 1.0830 is major resistance on weekly closing basis and below it traders keep long term sell on rise strategy on euro. Fresh bearish pattern in monthly chart indicators suggesting major breakdown for euro for long terms.

GBP USD 2017 technical outlook

Gbp/usd yearly forecast-remain sell tgts 1.1210 to 1.0100

Pound dollar pair is in absolute downtrend on monthly chart and after brexit we saw sharp breakdown from record levels. Pound is continuously making newer lower lows as brexit talks coming near and near. Technically, year 2017 will be bad for pound and below 1.3120 on weekly closing basis, outlook as well as trading strategy will remain sell on rise. On downside my gbp usd 2017 technical targets are 1.1210 and below it next target will be near 1.0. Look like dollar is pushing euro and pound to equality.

AUD USD 2017 technical outlook

Aud/usd yearly forecast-expect recovery rally up to 0.7750-0.83

Aussie dollar vs. US dollar pair is slowly and steadily coming of record lows. In 2016, we saw weak opening at start of 2016 and fresh low of 0.6790 after that whole year aud consolidated and slowly recovered and almost closed flat negative for 2016 which is reversal sign of chart. For 2017, on commodity boom, expect aud to remain bullish and continue to recover. Above 0.7280 on weekly closing basis my view remain bullish and long term technical targets are around 0.7750 and then 0.83. Below 0.7280, aud usd major support will be around 0.6780.

USD JPY 2017 technical outlook

Usd/jpy yearly forecast-bull run might continue for targets 126-135

Usd jpy pair is trading with heavy losses for this month which in my is buying opportunity. Usd jpy is in strong bull market and we saw correction and reversal in 2016 from 98 level. Yen will continue to drift down on BOJ actions as well as stronger DXY. For 2017, usd/jpy will remain buy on dips above 112.5 support level. On upside my 2017, technical targets for yen are 126 and then 135. Below 112.5, usd jpy next major support will be around 103.3.

USD CHF 2017 technical outlook

Usd/chf yearly forecast-remain buy tgts 1.0530-1.0880

US dollar vs. Swiss franc pair is trading at 1.0098 with loss in January 2017. But on monthly chart, usd chf pair price trend and momentum both are strong bullish. In 2016, we saw positive yearly closing for pair after correction and year-end rally in this pair. Usd chf for 2017, will remain buy on dips above 0.9980 support on weekly closing basis. On upside investors can expect fresh record high for pair around 1.0530 and then 1.0880. Below 0.9980, usd chf next major long term support zone will be 0.9630.

USD CAD 2017 technical outlook

Usd/cad yearly forecast-remain sell tgts 1.2370-1.13

US dollar vs. Canadian loonie pair is trading at 1.3126 with loss for this month. Usd cad in 2016, started strong and hit record high level of 1.4630 but then after strong profit booking and then dollar strength made it to close with loss. Usd cad pair for 2017, opened weak and might continue to correct on long term chart. For 2017, usd cad pair below 1.3530 will remain weak and sell. On downside, loonie might continue to gain and is heading towards my 2017 technical targets of 1.2370 and below it expect next big target at 1.13. On upside 1.3530 and 1.46 are major resistance zones for year 2017.

Gbp/usd hit sell target 1.2095 next target is 1.1860

Pound dollar technical analysis

Pound dollar technical analysis

Pound dollar pair is trading at 1.2123 with loss for the day. We saw upside recovery up to 1.2430 in pound after weak opening in month of January. But failed to cross 1.2430 on daily closing basis which resulted in sharp selling and continuation of primary downtrend.

 

On downside my first bearish target was at 1.2095 which go achieved by gbp usd pair and now trading above it. Forex traders now wait and watch, if gbpusd breaks below 1.2095 then that will be another sell signal for target of 1.1860. Daily chart indicators pattern are bearish and suggesting downside for pound.

 

Daily closing below 1.1860 will be very bearish for pound and might trigger panic sell off. In panic situation expect big downside for pound up to 1.1525 to 1.13.

Gbp usd weekly chart showing weak price patterns and suggesting another big downside rally in longer terms. Expect 1.10 levels as target zone on downside in long terms. 1.2435 level will remain crucial and expect reversal rally above it.

Forex weekly technical analysis 9-13 January

eur usd weekly technical analysis 9-13 January

Eur usd weekly-remain sell below 1.0580

Euro dollar pair this week closed with gain. This was third positive weekly closing for euro after it hit fresh low near 1.0370. Eur usd pair price trend is down and current upside is just bounce back. On upside 1.0580 major hurdle and below it euro will continue to slide down. On downside my targets are 1.0290 and below. Eur/usd from long term view, remain bearish and heading for sub 1.0 levels in 2017.

gbp usd weekly technical analysis 9-13 January

Gbp usd weekly-bounce back over tgt 1.2095 and below

Pound dollar pair this week closed with loss. After last week bounce back pound tried to hold gains but news flow and fresh selling making pressure on pair and pushing it down towards supports of 1.2095. Reversal move has failed to breakout which resulted in sharp selling and now traders can expect target of 1.2095 and then 1.1860. From long term view, pound is slowly inching towards 1.0 mark against dollar.

aud usd weekly technical analysis 9-13 January

Aud Usd weekly-trend breakout remain buy tgts 0.7430-0.7660

Aussie dollar pair this week closed at 0.7311 with gain. Aud has given strong reversal and also broke out above resistance of 0.7290. Now above this level traders keep buy on dips view and expect upside targets of 0.7430 and then 0.7660 in month of January. Daily closing below 0.7290 means failed breakout and aud/usd might resume downtrend for target 0.7065. From long term perspective, aud is ready for rally on commodity market boom.

usd jpy weekly technical analysis 9-13 January

Usd jpy weekly-remain buy on dips for tgts 119.4-121.9

Yen dollar pair this week closed at 117.14 with loss. On weekly chart yen is consolidating in range of 115 to 117 but outlook is still bullish. This Bull Run will continue for my upside targets of 119.4 and then 121.9. On downside 116.1 is major support for month of January and above it trading strategy for usd/jpy will remain buy on negative day.

usd chf weekly technical analysis 9-13 January

Usd chf weekly-stay short below 1.0180

US. Dollar Swiss franc pair this week closed at 1.0174 with loss. This was third weekly loss for us dollar against Swiss franc and weekly volatility is too high suggesting tussle between bulls and bears at top. Technically 1.0180 is major support zone and if usd chf slips below it on daily closing basis then it will be fresh selling opportunity for target 1.0010 and below. From long term view, usd chf is in bullish trend and expect another fresh highs for pair in 2017.

usd cad weekly technical analysis 9-13 January

Usd cad weekly-fresh breakdown watch for tgts 1.3150 and then 1.2855

Dollar loonie pair this week closed at 1.3239 with huge loss. This was second weekly loss for usd against cad. Usd/cad pair trend and momentum both are bearish. Below 1.3370 usd cad par will remain bearish and sell for targets 1.3150 and then 1.2855. Traders use major positive days to go short with stop loss above 1.3380 and expect swing targets at 1.3150 and then if another breakdown happens the 1.2855. From long term view, look like usd cad is in deep correction phase and might continue to slide down towards 1.24 to 1.16 support zones.

CURRENCY TIPS 2016 PERFORMANCE RETURN+1166% PROFIT+6,99,400/-

currency tips 2016 performance report

Intraday Positional currency tips 2016 performance report

In 2016, 9 Months Given Positive Returns To currency tips pack Subscribers.

Means 75% Profit Making Accuracy In 2016 For Our Paid Subscribers.

 

In That jun. 2016, Was Highest Profit Minting Month With Profit Rs. +1,67,100/-

This Was +278.5% Return On Opening Capital Of 60k.

while sep. 2016, Was Highest loss making Month With loss Rs. –51,800/-

This Was –86.35% Return On Opening Capital Of 60k.

.

 

 

In 2016 currency Tips, Total Profit Was Rs. +6,99,400/-

This Is 1166% Return In 1 Year’s Period.

At End Opening Capital Was Turned Into Rs.+7,59,400/- Rupees.

Means Rs. +58,283/- Average Profit Per Month

Moreover, +97% Return On Capital Per Month.

 

 

To Join Out 100% Practical And Genuine Trading Calls

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currency tips dec 2016 performance profit-600/- return -1%

currency tips performance dec 2016

currency tips pack december 2016 calls performance report

Total number of calls given in month : 22.

Total number of stop loss triggered : 8.

Total profit making calls : 14.

Accuracy this month : 64%.

 

 

Highest profitable trade in month : Rs.+7,400/-.

Highest loss making trade in month : Rs.-10,000/-.

 

 

Average risk: reward per trade : 1:2.

profit in month : Rs.-600/-.

return on opening capital for month: -1%.

 

 

currency tips average profit/ month : Rs. +37,500/-.

currency tips average return on capital/ month: +62.5%.

currency tips total returns on capital till now : +3747%. (60 months).

Currency tips 19 to 23 dec performance profit-3200/-

week performance

This week total four currency tips were

Given to subscribers out of which two hit stop loss

while two minted profits

With 50% accuracy this week,

forex tips  this week profit was Rs. -3200/-.

 

 

This week top performing call was

usdinr future 20 lots buy call 67.84 to 67.94 made profit+2000/-

While this week top worst performing call was

usdinr future 20 lots sell call 67.79  to 68 made loss -4200/-

 

On opening capital of 60k rupees this week return was –5.4%.

Sterling slips to two-week low vs euro

LONDON, Dec 22- Sterling fell to a two-week low against the euro on Thursday after a survey of British consumers showing a gloomy view of the economy's prospects next year kept it on the defensive against a perky single currency.

It was sterling's fourth consecutive daily fall against the euro, its longest losing streak since August, as it got caught in the slipstream of the single currency's recovery from a 14-year low against the greenback this week.

Sterling slips

Weakness against the euro also kept the pound anchored near a one-month low against the dollar in quiet trading ahead of the Christmas holiday period.

A big jump in households' appetite to make major purchases helped market research company GfK's monthly consumer sentiment index inch up to -7 in December from -8 in November, but this concealed a deterioration in consumers' outlook for 2017.

Expectations for the year to come are now the weakest since just after June's vote to leave the European Union, and before that they were last lower in April 2013, when the economy had suffered a period of sluggish growth.

"Both the economic and financial situation expected by consumers over the next 12 months has deteriorated, and hints that confidence will slide more clearly in the first half of 2017," JP Morgan economist Allan Monks said.

By 0900 GMT sterling was down 0.3 percent at 84.65 pence, edging further away from five-month highs of 83.05 pence touched this month.

The euro was higher against the dollar at $1.0450, up a cent from Tuesday's 14-year low of $1.0350.

Sterling slipped 0.1 percent against the dollar to $1.2341 , drifting back towards Tuesday's one-month low of $1.2311.

Sterling has for the past six months been less sensitive than usual to economic data, driven more by concerns over Britain's departure from the EU. Any signs that a hard Brexit, in which Britain loses access to the single market, is on the cards have tended to drive down the currency, with signs to the contrary giving it a boost.

Forex weekly predictions for 19 to 23 Dec. 2016

Eur usd heading for 1.03 target

Eur usd heading for 1.03 target

Euro dollar pair this week closed with loss. High volatile dram continues for euro and this was third losing week for euro. After last week’s strong short covering rally, euro resumed downtrend after touching resistance of 1.08. On downside 1.03 is first major support for month of December and target zone. Below 1.03, eur/usd next support as well as target zone will be 1.0. On upside 1.06 and 1.08 are resistances as well as fresh short entry zones.

Gbp inr hit support of 1.2465

Gbp inr hit support of 1.2465

Pound rupee pair this week closed with loss. This was second week of losses for pound. Pound is correcting on profit booking but outlook still bullish. In last 2 weeks we saw 300 pips drop from top in pound against dollar. On downside 1.2460 is major support and remain buy and accumulate above it. On upside 1.2725 and then 1.2930 are resistances as well as target zones.

Aud usd heading for 0.7205 and 0.7025

Aud usd heading for 0.7205 and 0.7025

Aussie dollar this week closed at 0.7299 with almost drop of 2%. After last week’s bounce back move, this week we saw higher level up to 0.75. Which was major resistance and we saw sharp supply in aud at those levels. On downside my targets are 0.7205 and if slips below 0.7250 then expect lower level up to 0.7025.

Usd jpy almost hit my target 119.25 next tgt 123.8

Usd jpy almost hit my target 119.25 next tgt 123.8

Dollar yen pair this week closed at 117.9 with gain. This was sixth week of gain for US dollar against yen. In this six week we saw pair moved from low of 101 to almost high of 118. Pair trend and momentum is strong bullish and expect this is to continue in next week. On upside 119.25 is my first swing target for this rally which is expected in next week. And above it next target will be 123.8 which might expected in January 2017. 110.25 was breakout level and remain as major support zone on downside.

Usd chf heading for swing target 1.04

Usd chf heading for swing target 1.04

Dollar-Swiss franc pair this week closed with gain at 1.0263. This was sixth week of gain for usdchf pair. In these 6 weeks, pair rallied from lows of 0.9550 to highs of 1.0350. Total 800 pips rally and still strong bullish momentum. After breakout at 0.9975, usd chf pair is heading towards my swing target of 1.04. We already saw high of 1.0351. Above 1.04 next major swing target as well as resistance will be 1.0630.

Usd cad bounce back rally achieved targets 1.3260 and 1.3425

Usd cad bounce back rally achieved targets 1.3260 and 1.3425

Dollar loonie pair this week closed with 1.54% gains at 1.3334. At start of this month we saw opening below major support of 1.3425 and sharp selloff till 1.31. Which was bottom support and we saw sharp reversal from those levels. On upside 1.3260 and then 1.3425 are resistances as well as target zones. Watch 1.3425 zone as major hurdle if dollar breakout above this level then expect bullish trend for pair and level of f1.3580 to 1.3750 in short to medium terms.

Ftse 100 futures- hit swing target 6970 next tgt 7140

Ftse 100 index future technical outlook

Ftse 100 index future technical outlook

Ftse spot on last trading session closed at 6968. This index is in uptrend and after breakout above 6820 in December 2016, futures achieved my first month swing target of 6970.

 

Ftse daily chart price trend, patterns and indicators all are strong bullish and after small correction suggesting breakout and then upside up to 7140. This will be my second monthly swing target.

 

Ftse future on downside has strong support zones at 6880 and then 6850. These will be fresh buying levels for traders.

FTSE weekly chart is relative strong and suggesting big upside for this English market in longer terms. Expect 7550 to 7800 levels in next 6 to 12 month time period.

Dollar steadies as pre-Fed nerves dominate

reuters-The dollar steadied against the yen and euro on Tuesday after its weakest day in a week, with markets still uneasy that a Federal Reserve meeting ending on Wednesday may provoke more investors to cash in the greenback's recent gains.

Barclays was the latest major bank to cast some doubt on a dollar rally extending into a first quarter set to be dominated by the first policy initiatives from the Trump administration.

steady dollar

While investors have bet on the new president taking steps to bolster growth that will push inflation higher, there are also concerns that he may spark protectionism globally, driving cash into traditional safe havens like the yen.

A rise in Fed interest rates on Wednesday, a big reason for the dollar index's 7 percent rise since September, looks fully priced in and there are also doubts over whether the U.S. central bank will want to send a strong signal that more tightening is to follow.

"We think the meeting may be a catalyst for people to take some profit on long dollar positions," Barclays analyst Hamish Pepper said.

"The dollar tends not to perform particularly well in December. If you put that together with a well priced Fed meeting plus already long positioning, it is the right set-up for a pullback."

 

The yen strengthened to less than 115 yen per dollar in Asian trade before settling at 115.34, down 0.2 percent on the day but almost a full yen stronger than 24 hours previously. JPY=

It has borne the brunt of the dollar's rally in the past month, down 13 percent since early October. But some traders and analysts have begun to wonder if the Japanese currency might benefit next year if global political risks grow.

Barclays forecasts the dollar weakening to 100 yen in a year's time.

The euro was little changed at $1.0629 EUR=, having gained 0.7 percent on Monday as German bund yields rose amid signs Italy will bail out Italian bank Monte dei Paschi di Siena if need be.

 

Sterling inched higher GBP=, helped by higher than expected inflation for November and comments from finance minister Philip Hammond backing a transition period to smooth the process of leaving the European Union.

"Rates markets are discounting close to five 25 basis point Fed rate hikes by the end of 2018," analysts from BNP Paribas said in a note to clients.

"With the Fed likely to be cautious in its forward-looking language on Wednesday, those positioned long dollars heading into the meeting may be concluding that risk-reward is not attractive for staying in positions into the event risk."

currency tips 5 to 9 dec performance profit-9600/-

week performance

This week total ten currency tips were

Given to subscribers out of which five hit stop loss

while fiive minted profits

With 50% accuracy this week,

forex tips  this week profit was Rs. -9600/-.

 

 

This week top performing call was

usd inr future 20 lots buy call 67.9 to 68.05 made profit +3000/-

While this week top worst performing call was

eur inr future 20 lots sell call 72.4 to 74.9 made loss –10,000/-.

 

 

On opening capital of 60k rupees this week return was -16%.

Aud usd downtrend- remain sell below 0.75

Aud usd forecast for next week

Aud usd forecast for next week

Aud/usd pair is trading at 0.7442 with loss. Aussie dollar price trend and momentum both turning down. After strong bounce back from 0.7315 level we saw aud/usd pair touched resistance zone of 0.75. But failed to sustain above that and which might trigger selling.

 

Dollar is also after correction getting strong which is also fundamental reason to go short in aud. For month my view on Aussie dollar rise sell below 0.75 and my first target will be at 0.7210.

Aud/usd daily chart is showing lower tops and bottom price pattern which is also a bearish signal.

 

Aud usd weekly chart price trend and momentum both are down and after last week’s flat loss we already saw gains in this week but volume are low on upside which also reflecting lack of buying.

From long term view, below 0.75 on weekly closing basis, aud can fall up to 0.7.

GBP/USD outlook: hit 1.2725 target next is 1.2930

Pound dollar technical analysis

Pound dollar technical analysis

Gbp usd pair is trading at 1.2750 with gain. Pound is in uptrend and we saw bullish breakout above 1.2465. My target was 1.2725 which pound achieved yesterday and now heading for my next swing target of 1.2930.

 

Gbp usd is in strong buying demand and seeing value buying on weekly and well as monthly charts. Weekly closing above 1.2930 will confirm super bullish trend and targets of 1.3190 and 1.33.

 

Gbp usd weekly chart suggesting target of 1.33 for this rally. On weekly chart, gbp/usd support zones are 1.26 and 1.23 and these are fresh buying zones on correction.

EUR/USD forecast-Bounce back is over? Remain sell

Euro dollar daily chart analysis

Euro dollar daily chart analysis

Eur usd pair is trading at 1.0743 with loss for the day. We saw strong rally from lows of 1.05 to high of 1.08. On upside 1.08 is strong month pivot resistance for euro and below it, its trend and momentum both are bearish. Euro is trading below it with red candle which signals technical bounce back is over and euro is resuming its primary trend. For month of December, below 1.0810 my eur/usd pair target is at 1.03 and below.

 

For day traders, today high of 1.0770 is stop loss level and expect downside up to 1.0720 to 1.07 in intraday.

 

Eur usd weekly chart is also showing strong gain in this week on sharp short covering in euro. But outlook and trend on weekly chart is still down and expect record low level for euro in longer terms. My medium-long term target for euro is at 1.0.

The Pound’s Santa Rally Continues

investing-So much for the pound's rally having run its course in November, GBP/USD has taken another leap higher on Thursday. Technical traders may be getting excited by GBP/USD, which popped above the top of its daily Ichimoku cloud at 1.2643, it has cleared this hurdle this afternoon and GBP/USD is currently trading just below 1.27.

Pound’s Santa Rally

So, is this move justified?

This is a difficult question to answer. The UK-US 10-year yield spread is falling deeper into negative territory, as US yields rise at a faster pace than UK yields. Thus, GBP/USD does not have a yield advantage that is driving this pair higher. Instead, we think that the rally in the pound is down to the market reducing its stretched short position in GBP/USD, which could give this rally legs, potentially back to the 1.30 level.


CFTC data, which measures speculative interest in the pound vs. the USD, has shown that short positions in GBP/USD have reduced for 6 out of the last 7 weeks, and it appears that this trend could continue. Due to this, we may see further upside for the pound in the coming weeks, due to the following factors:
Momentum: the reduction in GBP shorts is important to the future of the GBP rally. If we continue to see short positions getting scaled back, then the GBP may continue to rise on a broad basis. Momentum is particularly strong against

the yen and its recent performance has been staggering, GBP/JPY is up more than 14% since the start of November!


Political risks around Brexit are receding, as political risks elsewhere start to bite. The cost to insure UK sovereign debt has fallen sharply since spiking back in June.
Upside risks to growth after a positive Black Friday shopping season, and the potential for an increase in inflation in the coming months.
The technical indicators are also positive, we have already mentioned GBP/USD’s pop above the Ichimoku cloud earlier today, the next key resistance level for this pair is 1.2811 – the 100-day sma – and then 1.3055 – the 38.2% retracement of the June – October decline in GBP/USD, which is a major level of resistance.


However, we will keep an eye on the UK-US yield spread. If this continues to fall further into negative territory then GBP/USD may start to look fragile.
GBP/USD Daily Ichimoku Cloud ChartGBP/USD Daily Ichimoku Cloud Chart
Overall, the pound has stolen the mantle from the dollar as the king of the G10 FX world, and there is every chance that this rally has some legs, we think that 1.30 is a potential for this pair in the coming days.

Pound climbs more than 1% against US dollar, reaching the highest since 11 November

The pound climbed 1.1% to $1.2639 as of 11.30 am London time. That pared its losses since the 23 June vote to exit the EU to 15%. Photo: Bloomberg
Edinburgh: The pound jumped as investors seized on comments from senior government ministers in the U.K. and Europe that suggested the nation may find a way to retain access to the single market as part of its exit from the European Union.

The UK currency climbed more than 1% against the dollar, reaching the highest since 11 November as Brexit Secretary David Davis said the UK would be ready to consider making contributions to the European Union in order to secure the best possible access for trade in the single market. Dutch Finance Minister Jeroen Dijsselbloem told the Times of Malta that the U.K. might be able to participate in the internal market, though at a cost.

Pound climbs

“If the UK does stay in the single market, it’s very likely that sterling will go up,” said Neil Jones, head of hedge-fund sales at Mizuho Bank Ltd. in London. The comments “very much shift the pendulum away from hard to soft Brexit. Embedded within a soft Brexit is access to the single market one way or another.”

The pound climbed 1.1% to $1.2639 as of 11.30 am London time. That pared its losses since the 23 June vote to exit the EU to 15%.

Bloomberg

currency tips Nov. 2016 performance profit+71,800/- returns 119.6%+

currency tips performance Nov. 2016

Total number of calls given in month : 27.

Total number of stop loss triggered : 3.

Total profit making calls : 24.

Accuracy this month : 89%.

 

 

Highest profitable trade in month : Rs.+10,000/-.

Highest loss making trade in month : Rs.-7,000/-.

 

 

Average risk: reward per trade : 1:2.

profit in month : Rs.+71,800/-.

return on opening capital for month: +119.7%.

 

 

Currency tips average profit/ month : Rs. +38,111/-.

Currency tips average return on capital/ month: +63.52%.

Currency tips total returns on capital till now : +3748%. (59 months).

 

Weekly Forex predictions for 28 Nov. to 2 Dec. 2016

Euro dollar forex weekly predictions for 28 Nov. to 2 Dec. 2016

Euro dollar forex weekly predictions for 28 Nov. to 2 Dec. 2016

Eur usd pair this week closed at 1.0590 with gain. As expected euro is coming off from oversold zone and given first weekly positive closing after last2 week’s sharp and strong selling. Eur/usd this week formed bottom doji pattern on weekly chart which is also reversal signal and buy signal for traders with stop loss below recent low. Expect bounce back up to 1.0650 and 1.0720 in short term and stay on long side with stop loss.

Pound dollar forex weekly predictions for 28 Nov. to 2 Dec. 2016

Pound dollar forex weekly predictions for 28 Nov. to 2 Dec. 2016

Gbp usd pair this week closed with gain. Pound is coming off  the historic low and seeing staggered buying on every dips. After last week’s strong profit booking pound resumed recovery rally and heading for levels of 1.2570 and then 1.2875. On downside 1.23 and 1.2175 are strong support zones as well as stop loss levels for long traders. Monthly chart price as well as indicators pattern are strong bullish and suggesting pound is bottomed out from long term view.

Aussie dollar forex weekly predictions for 28 Nov. to 2 Dec. 2016

Aussie dollar forex weekly predictions for 28 Nov. to 2 Dec. 2016

Aud usd pair this week closed at 0.7438 with gain. Last 2 weeks sell off Aussie dollar is seen some value buying on lower levels. Weekly chart indicators are in oversold territory and we might see strong rally in aud in upcoming weeks on sharp short covering as well as due to correction of dollar index. Aud usd monthly chart suggesting buying opportunity for long term targets of 0.81+ with stop loss.

Dollar yen forex weekly predictions for 28 Nov. to 2 Dec. 2016

Dollar yen forex weekly predictions for 28 Nov. to 2 Dec. 2016

Usd jpy pair this week closed with huge gains at 113.16. Yen as expect achieved my given target and now heading for 115 levels target zone. In last 3 weeks usd/jpy rallied from almost low of 100 to highs of 114. Almost 14% gains in very short time reflecting how much US dollar index got strength!! On downside 110.7 is strong support and above it usd/jpy outlook remain bullish and trading strategy will be buy on dips. Medium term target is at 114.4 and 116.8.

Dollar franc forex weekly predictions for 28 Nov. to 2 Dec. 2016

Dollar franc forex weekly predictions for 28 Nov. to 2 Dec. 2016

Usd chf pair this week closed at 1.0130 with gain. This was third positive week for pair means third weak week for Swiss franc. Usd/chf is showing early corrective signs by price pattern as well as same is also visible on major indicators. From here upside is limited and downside is open as dollar index also cooling off. On downside my targets at 0.9970 and then 0.98 while on upside short positions stop loss should be above 1.02. Usd chf weekly chart indicators are heavy overbought and this might be medium term top for US dollar against Swiss franc.

Dollar loonie forex weekly predictions for 28 Nov. to 2 Dec. 2016

Dollar loonie forex weekly predictions for 28 Nov. to 2 Dec. 2016

Usd cad this week closed flat positive. Usd/cad also hovering around medium term top and from here expect downside. Upside looks limited while downside will be wide open. Weekly chart CCI has given sell signal and on downside my targets are 1.3250 and 1.31. On upside short positions stop loss will be above 1.36. Usd cad monthly chart also signaling same from long term view and from here expect lower level for US dollar against Canadian dollar. Recent low of 1.23 will be long term downside target for this pair.