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EUR/USD 2nd January 2017 forecast

Technical tools: simple moving averages (30, 100 and 200) and the relative strength index.
The following weekly EUR/USD chart unveils a significant down-trend, nearly since the 2nd half of 2014, when the Fed started tapering monetary policy with the end of QE programs. At the same time, the ECB endorsed its long-term easing journey coupled with negative interest and QE. After bottoming in March 2015, the pair has been hoovering within the 1.04 – 1.17 range, without being able to turn into a clea…
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GBP/USD 2nd January 2017 forecast

Technical tools: simple moving averages (30, 100 and 200) and the relative strength index.
The following weekly GBP/USD chart shows the pound edging lower nearly since the middle of 2017. The pound developed a massive down-trend from 1.73 (middle of 2014) till nearly 1.46 (in the beginning of 2Q 2015). Then it managed to gain some ground till the 1.60 level by the end of 2Q 2015. After that, jitters committed with the Brexit referendum started to weigh on the currency and there is no clear bott…
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USD/JPY 2nd January 2017 forecast

Technical tools: simple moving averages (30, 100 and 200) and the relative strength index.
The following weekly USD/JPY chart shows the yen weakening during 2013 and 2014. It remained stable during 2015 and started valorising against the dollar after a failed negative interest rate strategy adopted in January 2016. After that, the BOJ warned that an intervention would be possible, however market participants were sceptical about it, finding hard that the BOJ would be able to convince the Fed an…
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