Sunday, February 21, 2016
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Sunday, January 3, 2016
Forex Outlook For 2016
Here’s the market outlook for 2016:
EURUSD
Dominant bias: Bearish
EURUSD was generally bearish in 2015 with a low of 1.0462 and a mid-year high of 1.1712 achieved during a bullish consolidation over the summer. The final week of 2015 was also bearish, and that bearishness could continue until February 2016. February should mark the start of some serious bullish efforts that are expected to ease by the end of April as bears make their presence felt in the market until June. A new bullish period should then start around October / November and last until the end of the year (actually, closer to February 2017). The current bias, however, is bearish.
USDCHF
Dominant bias: Bullish
Since the large pullback seen in January 2015, USDCHF has been making consistent efforts to move upward. There have been instances of medium-term bearishness (lasting for a few weeks) but price then recovered and pushed higher. Q1 2016 is likely to exhibit multiple phases of weakness; but is then expected to rally smoothly from April to June. Right now, price is trying to go up, and may well reach the resistance levels at 1.0100 and 1.0150 during this first full week of January.
GBPUSD
Dominant bias: Bearish
The short-term, medium-term and long-term biases on GBPUSD are all bearish. Price action was similar to EURUSD during 2015 - it reached a low of 1.4565 during April and a high of 1.5929 during June. Since then, price has dropped some 1100 pips - closing at 1.4732 on December 31, 2015. 2014 saw far more predictable movements on GBPUSD than 2015 (this was also true of other major pairs and crosses), but this year may be different. At present, the bias on GBPUSD (and other GBP pairs) is bearish, and that should continue until March. The market may then try to rally through to May (possibly into June / July), but not without visible effects of gravity to curtail any upward movement. Following this, anticipate another serious weakness through to December.
USDJPY
Dominant bias: Bearish
Bears won a pyrrhic victory in 2015 - the struggle between bears and bulls was so intense that market phases were mostly consolidations and fake-outs. The current bias is bearish, but bulls may gain the upper hand before the end of January and extend control until June (though not without occasional pullbacks). Phases of weakness are expected during July and September, but bulls are likely to push price higher from October to December.
EURJPY
Dominant bias: Bearish
EURJPY was characterized by high volatility, choppy movements and deadly struggles between bulls and bears during 2015. Current weakness may continue until February, but price is then expected to strengthen through into April. The best approach for this market is probably to look for shorting opportunities between April and September. The market will then most likely rally from September to November, then enter a phase of choppy, volatile movements in December.
I’d like to conclude this forecast with the following quote:
“You will have to stick to your process as much as you can even when things do not go as expected. If you can build such a process and manage to follow it 100 per cent of the time, then you will be trading like a professional.” - Pierre Veyret
Learn to trade and win big!
Membership Required
Www.blackcardmember.com
Dominion Capital Group, Inc.
Private Capital & HNW Consultant
President & CEO.
Joe Acosta
Office: 877.776.4139
Mobile: 432.270.4084
Fax: 806.589.4452
www.dominioncapitalgroup.com
By Appt Only.
https://calendly.com/dominioncapitalgroupinc
P.S. Always Remember You Can Call or text us
anytime at (877) 776-4139 - We are here to provide you with Extreme Customer Service...
I work with Banks, Credit Unions, Forex Firms, Hedge Funds, Private Equity, Institutional Firms, Emerging Fund Managers, Executives, Real Estate Investors, Syndicators, Principals CEO's, CFO's and Billionaire Family Offices.…
Have a 720 Credit Fico Score!
For $250k Line of Credit Go Here
www.5kto250k.com
LinkedIn: http://www.linkedin.com/in/joeacosta
Follow me on twitter @dominioncapital
We Pay Advisors and/or Consultants, CPA's Attorneys
Intermediaries etc. Affiliates & ISO's Wanted:
(24hr Recorded Info.)
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Forex Outlook For 2016
Here’s the market outlook for 2016:
EURUSD
Dominant bias: Bearish
EURUSD was generally bearish in 2015 with a low of 1.0462 and a mid-year high of 1.1712 achieved during a bullish consolidation over the summer. The final week of 2015 was also bearish, and that bearishness could continue until February 2016. February should mark the start of some serious bullish efforts that are expected to ease by the end of April as bears make their presence felt in the market until June. A new bullish period should then start around October / November and last until the end of the year (actually, closer to February 2017). The current bias, however, is bearish.
USDCHF
Dominant bias: Bullish
Since the large pullback seen in January 2015, USDCHF has been making consistent efforts to move upward. There have been instances of medium-term bearishness (lasting for a few weeks) but price then recovered and pushed higher. Q1 2016 is likely to exhibit multiple phases of weakness; but is then expected to rally smoothly from April to June. Right now, price is trying to go up, and may well reach the resistance levels at 1.0100 and 1.0150 during this first full week of January.
GBPUSD
Dominant bias: Bearish
The short-term, medium-term and long-term biases on GBPUSD are all bearish. Price action was similar to EURUSD during 2015 - it reached a low of 1.4565 during April and a high of 1.5929 during June. Since then, price has dropped some 1100 pips - closing at 1.4732 on December 31, 2015. 2014 saw far more predictable movements on GBPUSD than 2015 (this was also true of other major pairs and crosses), but this year may be different. At present, the bias on GBPUSD (and other GBP pairs) is bearish, and that should continue until March. The market may then try to rally through to May (possibly into June / July), but not without visible effects of gravity to curtail any upward movement. Following this, anticipate another serious weakness through to December.
USDJPY
Dominant bias: Bearish
Bears won a pyrrhic victory in 2015 - the struggle between bears and bulls was so intense that market phases were mostly consolidations and fake-outs. The current bias is bearish, but bulls may gain the upper hand before the end of January and extend control until June (though not without occasional pullbacks). Phases of weakness are expected during July and September, but bulls are likely to push price higher from October to December.
EURJPY
Dominant bias: Bearish
EURJPY was characterized by high volatility, choppy movements and deadly struggles between bulls and bears during 2015. Current weakness may continue until February, but price is then expected to strengthen through into April. The best approach for this market is probably to look for shorting opportunities between April and September. The market will then most likely rally from September to November, then enter a phase of choppy, volatile movements in December.
I’d like to conclude this forecast with the following quote:
“You will have to stick to your process as much as you can even when things do not go as expected. If you can build such a process and manage to follow it 100 per cent of the time, then you will be trading like a professional.” - Pierre Veyret
Learn to trade and win big!
Membership Required
Www.blackcardmember.com
Dominion Capital Group, Inc.
Private Capital & HNW Consultant
President & CEO.
Joe Acosta
Office: 877.776.4139
Mobile: 432.270.4084
Fax: 806.589.4452
www.dominioncapitalgroup.com
By Appt Only.
https://calendly.com/dominioncapitalgroupinc
P.S. Always Remember You Can Call or text us
anytime at (877) 776-4139 - We are here to provide you with Extreme Customer Service...
I work with Banks, Credit Unions, Forex Firms, Hedge Funds, Private Equity, Institutional Firms, Emerging Fund Managers, Executives, Real Estate Investors, Syndicators, Principals CEO's, CFO's and Billionaire Family Offices.…
Have a 720 Credit Fico Score!
For $250k Line of Credit Go Here
www.5kto250k.com
LinkedIn: http://www.linkedin.com/in/joeacosta
Follow me on twitter @dominioncapital
We Pay Advisors and/or Consultants, CPA's Attorneys
Intermediaries etc. Affiliates & ISO's Wanted:
(24hr Recorded Info.)
(800) 230-5782