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INTRODUCTION

Forex mkt price movement and volatility are compounded weekly monthly, quarterly and yearly ,This week I will keep my focus on the weekly trend as I bring to the fore the weekly technical forecast and ichimoku trend analysis.
The weekly trends and development for the week 13 / 06 / 2016 and my point of view on trending currency pairs; price action, what has happened in the mkt in past week and what may likely be installed for the week ahead.
Reviewing the US dollar index as we all understand that all major currencies trade against the US dollar, so I found it informative and valuable analyzing the US dollar index from week to week to determine its weakness and strength and also gauge mkts trend direction for the week.
The dollar index resumes uptrend after trending support at 93.40 to close at 94.65 last week and Major economic event from the US last week was Yellen speech in Philadelphia which highlighted downside risks to the US economic outlook .
measuring dollar index against bracket of currencies , New zealand remained the top gainer together with Swiss franc , Canadian dollar and Japaneses yen while and Gbp continually depreciated .
This week the dollar index …
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hrustiashka avatar

Nice

brilliant avatar
brilliant 20 June

good job

orto leave comments
20/52
Ranking


INTRODUCTION
Forex mkt price movement and volatility are compounded weekly monthly, quarterly and yearly ,This week I will keep my focus on the weekly trend as I bring to the fore the weekly technical forecast and ichimoku trend analysis.
The weekly trends and development for the week 6 / 06 / 2016 and my point of view on trending currency pairs; price action, what has happened in the mkt in past week and what may likely be installed for the week ahead.
Reviewing the US dollar index as we all understand that all major currencies trade against the US dollar, so I found it informative and valuable analyzing the US dollar index from week to week to determine its weakness and strength and also gauge mkts trend direction for the week.
The dollar index trades downtrend as a result of immediate market reaction as expected given the huge decline in jobs added last month and the dollar proceeded to depreciate further ,reversing much of its gains within the past few weeks .
Major economic data release from the US last week was weak with Consumer Confidence recording 92.6 less than expected 96.1 , USD ISM Manufacturing rose from 50.8 to 51.3 in may , also Non-Farm Payrolls (NFP) report show…
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hrustiashka avatar

Good luck. Nice article

brilliant avatar
brilliant 20 June

nice article

orto leave comments