• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

Trading Support And Resistance – April 8, 2018

By Kurt Osterberg · On April 8, 2018

This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results:

  • Trading the two currencies that are trending the most strongly over the past 3 months.

  • Assuming that trends are usually ready to reverse after 12 months.

  • Trading against very strong counter-trend movements by currency pairs made during the previous week.

  • Buying currencies with high interest rates and selling currencies with low interest rates.

  • Let’s take a look at the relevant data of currency price changes and interest rates to date, which we compiled using a trade-weighted index of the major global currencies:

    Monthly Forecast April 2018

    This month, we forecast that the best trades would be long EUR/USD and long GBP/USD. The performance so far is as follows:

    Currency Pair

    Forecast Direction

    Interest Rate Differential

    Performance to Date

    EUR/USD

    Long ?

    -1.75% (0.00% – 1.75%)

    -0.34%

    GBP/USD

    Long ?

    -1.25% (0.50% – 1.75%)

    0.42%

    Weekly Forecast 8th April 2018

    Last week, we made no weekly forecast, as there were no strong counter-trend movements that week.

    This week, we make no weekly forecast, as there were again no strong counter-trend movements.

    This week has been dominated by relative strength in the Canadian Dollar, and relative weakness in the Japanese Yen.

    Volatility was much about the same as it was last week, with only approximately 22% of the major or minor currency pairs changing in value by more than 1%. Volatility is likely to be similar next week.

    Previous Monthly Forecasts

    Print Friendly, PDF & Email

    Share Tweet

    Kurt Osterberg

    You Might Also Like

    • Finance

      Becoming a More Decisive Leader

    • Finance

      Let’s Talk About the “F” Word: Feedback

    • Finance

      7 Tips to Increase Productivity When Working From Home

    No Comments

    Leave a reply Cancel reply

    Top Finance

    • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce
    • Hedge Funds In The US Hedge Funds In The US
    • One Ring To Rule Them All One Ring To Rule Them All
    • Kanban vs Scrum: Understanding the Tools for Agile Success Kanban vs Scrum: Understanding the Tools for Agile Success
    • Samsung Galaxy Note 9 Review Samsung Galaxy Note 9 Review

    New Posts

    • Becoming a More Decisive Leader

      Becoming a More Decisive Leader

      February 28, 2021
    • Let’s Talk About the “F” Word: Feedback

      Let’s Talk About the “F” Word: Feedback

      February 28, 2021
    • 7 Tips to Increase Productivity When Working From Home

      7 Tips to Increase Productivity When Working From Home

      February 27, 2021
    • The Door’s Open but the Ride It Ain’t Free

      The Door’s Open but the Ride It Ain’t Free

      February 27, 2021
    • 5 Smart Ways to Improve Your ROI (Plus Tools & Templates)

      5 Smart Ways to Improve Your ROI (Plus Tools & Templates)

      February 27, 2021
    • About
    • Contact Us
    • Privacy & Policy
    • Sitemap
    • Terms of use

    Copyright © 2018-2021 NJCEE. All Rights Reserved.