LATEST POSTS
Exclusive: GAIN Capital adds Mark Richards to its board, representing Michael Spencer’s IPGLAnother blow for Bitcoin – Stripe is dropping the “people’s currency”bitFlyer launches in Europe, becomes first bitcoin exchange to be regulated in JapanAquis Technologies to supply UBS MTF with surveillance & reporting solutionHow to master forex market structure in 3 simple stepsRival completes certification for Cboe Futures Exchange migration to Bats technology platformFICO partners with 4most Europe to accelerate banks’ regulatory complianceLuxembourg Stock Exchange partners with ADBC to expand the Green Bond MarketHKEX sets launch date for new securities trading systemAgency for the Cooperation of Energy Regulators extends its contract with NasdaqDeutsche Börse AG appoints Ingrid M. Haas as Managing Director of Communications and MarketingShenzhen Stock Exchange improves the risk management systemSeabury partners with Parabellum Markets for FX liquidity source in the AmericasSaxo Bank adds New York and London infrastructure to bolster FX Prime-of-Prime offeringMiFID II, GDPR and ESMA: The Not-So-Terrible TrioBlackwell Global Hong Kong acquires new SFC asset management licenseNasdaq elects Joseph Mecane to the Board of Directors of its U.S. ExchangesIG Group reports record 1H-2018 Revenue, establishes Germany sub ahead of BrexitBNY Mellon hires Michael Cooper from Deutsche Bank to head new institutional FX prime brokerage businessExclusive: Supreme Court rejects appeal against Israel Binary Options law

Weekly FX Market Forecast by Nial Fuller – March 20th to 24th 2017


Nial Fuller forex trader education

EURUSD – Euro/dollar moves up to top toward top of trading range

The EURUSD staged an impressive rally over the course of the last two weeks. This comes as the pair is basically stuck in a trading range between 1.0800 – 1.0875 resistance and support down near 1.0520 area. Price is now approaching that key resistance up near 1.0800 – 1.0875 area, and we will watch that area closely for price action sell signals. However, if price were to close above 1.0875, we would no longer be looking to sell at that point. Also, more aggressive traders may consider looking to buy on a pull-back near 1.0620, in-line with the current bullish surge.

GBPUSD – Sterling/dollar rallies but resistance looms

The GBPUSD rallied higher last week after the interest rate hike in the US. Price had been selling-off prior to the rate hike, declining within a range between 1.2700 and 1.2000. Price is currently trading at key 1.2350 – 1.2400 resistance area and it will have to close above that area to really have a chance at any further significant gains. As of now, this pair is looking semi-bullish (strong) but due to the resistance band coming in close overhead, we wouldn’t be looking to buy here. Traders could potentially look to get long / buy this week on mild rotation lower, following by a strong price action buy signal.

Gold – Gold bounces from $1200.00

Gold found support last week down near $1200.00 after a sell-off the previous two weeks. The trend is currently up in Gold and we have been talking about looking to buy it on a pull back in our recent members area commentaries. Our strategy of choice for this week remains the same; looking for a temporary pull back lower, perhaps to $1220.00 – $1200.00 followed by a price action confirmation signal to be a buyer and rejoin the uptrend.

Crude – Looking to be a seller of Crude Oil

Crude Oil firmed up last week following the large sell-off that took place two weeks ago. We recently have flipped to bearish (sellers) on this market and we retain that bias this week. You will notice key resistance up at the old support, near 50.70 – 51.20 and that is the ideal sell area for this week; look for price action selling opportunities near that resistance zone this week.

This article was written by Nial Fuller. Nial is a highly regarded professional trader and author. He is the founder and CEO of Learn To Trade The Market, the world’s foremost trading education resource.

Related News

arrow

Weekly FX Market Forecast by Nial Fuller – March 20th to 24th 2017

2

Send this to a friend

Subscribe to LeapRate
PGlmcmFtZSBzcmM9Ii93cC1jb250ZW50L2E0bHIvaGFuMTZyZXNfNjI1eDQwMC5odG1sIiB3aWR0aD0iNjI1IiBoZWlnaHQ9IjQwMCIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6bm9uZTsiIHNlYW1sZXNzPjwvaWZyYW1lPg==
Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry:
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LmxlYXByYXRlLmNvbS9hNGxyMTcvbG1heC82MDB4NDI1Lmh0bWwiIGZyYW1lYm9yZGVyPSIwIiB3aWR0aD0iNjAwIiBoZWlnaHQ9NDI1Ij48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LmxlYXByYXRlLmNvbS8vYTRscjE3L3VmeDE4LzYwMHg0MjVfMXN0LVRpbWVMZWFwUmF0ZS1lbi1HQl9IVE1MNS5odG1sIiBmcmFtZWJvcmRlcj0iMCIgd2lkdGg9IjYwMCIgaGVpZ2h0PTQyNSI+PC9pZnJhbWU+
PGlmcmFtZSBzcmM9Ii8vY2RuLmJhbm5lcnNuYWNrLmNvbS9iYW5uZXJzL2JjaWVod29iOC9lbWJlZC9pbmRleC5odG1sP3VzZXJJZD0zMTU5MzQwNiZ0PTE1MTAxMzg3MTAiIHdpZHRoPSIxMDAlIiBoZWlnaHQ9IjEwMCUiIHNjcm9sbGluZz0ibm8iIGZyYW1lYm9yZGVyPSIwIiBhbGxvd3RyYW5zcGFyZW5jeT0idHJ1ZSIgYWxsb3dmdWxsc2NyZWVuPSJ0cnVlIj48L2lmcmFtZT4=