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Forex Weekly Outlook from May 08, 2017- May 12, 2017

 

Mo, Tue  May 08 and 09

AUD

Markets were disappointed with the RBA statement recently, because there is no clear clues about what the RBA will do next.

Technical point of view AUDUSD lost its complete momentum for a further upside  movement and it is trading back now in a very sensitive level. In case there eare bad news released this Monday and Tue, then we are the opinion this pair will be more heading downward. Take your look at the depicted chart below for more info:

CAD

CAD weakly performs  recently vs. USD due to economical reasons and cheaper Oils price.

Technical point of view there is still space for USD to move further up, anyway USD can be retraced a bit before to make a further high. Take your look at the depicted chart below for more reference:

Wed, Thu and Friday 10,11 and 12

 

EUR

Fundamental point of view there are too much good news in Germany about the economical situations. So we do not really care about the recent talked in the media about the election for president-ship in France and are the opinion for a Long for EURUSD. This week there is speaks by Draghi from ECB again. So some more policies about the price stabilities by the ECB we will experience on that day.

Technical point of view just take our postion below in the depicted chart for your reference:

 

Trade well!

Makkaba team!

 

 

Trade well!

Makkaba team!

About Makkaba Co., Ltd.

Makkaba Co., Ltd.

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