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.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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