Monthly Archives: July 2018

Weekly Forex Forecast (July 30 – August 3, 2018)

EURUSD bulls were repelled once again on Thursday. The same 1.1720/30 resistance area that served as a pivot in May and June capped last week’s advance.

In fact, it stunted Monday’s rally attempt as well as Thursday’s. The latter even carved a bearish engulfing range to illustrate just how much s…

USDJPY Reaches Key Inflection Point at 111.00

USDJPY bulls are on the brink of full retreat. Following the break above descending channel resistance on June 29th, buyers managed to take prices 250 pips higher.

However, something snapped last week. The daily close back below the 112.00 handle on the 20th was a red flag for anyone with a bulli…