FOREX FORECAST FOR NEXT WEEK MONDAY 5TH OF NOVEMBER, 2012.
Money and Finance

FOREX FORECAST FOR NEXT WEEK MONDAY 5TH OF NOVEMBER, 2012.


Today on the 5 hour chart, the price of GBP/USD is within the channel 1.6143 and 1.6007. We are going to focus on the support level which is marked with thick black line. Currently the market is moving downwards and we are expecting a rebounce on the support level line at price level 1.6007

RECOMENDATION : Buy if the price rebound on the support level line 1.6007 and is heading upwards with a stop loss place a little below the 1.6007 support level and take profit set at 1.6143.

Sell if the price breaks through the support level 1.6007 and is going downwards with your stop loss place a little above the 1.6007 support line and take profit at level 1.5914 and  downwards respectively. Please always use your MACD to time your entry point. And risk only 3% of your capital. 






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- Forex Forecast For 1st Of November, 2012.
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- Forex Forecast For 31st Of October, 2012.
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Today on the 1 hour chart, the price of USD/CHF is within the channel marked with thick black line. Currently the market is retracing and we are expecting a rebounds at price level 0.9288 (support level). RECOMENDATION : Buy if the price rebounce...



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