sayemme trading journal

[Sayemme]

Assalamu alaikum friends and respected forum members, hopefully, all of you are enjoying weekends. Crude light oil is retracing or correcting by the downward movement, and USD/CAD is again approaching the multi-year lowest price. Very soon after, the retracement crude oil will continue its uptrend, while USD/CAD may continue the downturn and create a new yearly lowest price.

Crude oil daily chart forecast:


A four-month-old ascending trend line is visible on the daily chart acting as support. Last week closed around $58.94 region, and the trend line support held about $57.00 per barrel area. The Bollinger middle band and trend line support are approximately in the same location in this timeframe. RSI value has gone below 63 from overbought conditions. And going near the 50 level price has a positive bounce occurring possibility.

Crude oil weekly chart forecast:


On the weekly chart, we can see the price of crude oil falling from around 261.8% Fibonacci resistance area. Despite RSI is still above 70 levels, the price is dropping. Near the multiple 200 periods weekly moving average crude oil should seek support. Around the $57.25 region, the uppermost 200 periods smoothed moving average (blue line) support exists.

Traders should buy this instrument from $57.25 or below for the targets of $65 per barrel or above and stop misfortune around $55.00 areas.


USD/CAD daily chart forecast:


A few days ago, we noticed that USD/CAD has broken below a symmetrical triangle on the daily chart. Last Friday, this currency instrument once again touched the yearly lowest price, 1.2590 regions. RSI is showing its value below 39.00. Besides, the USD is showing weakness every other day for the last couple of weeks. In these conditions, the downturn may extend from this area.

USD/CAD weekly chart forecast:


Previous year the highest price and with the lowest price, if we draw a Fibonacci, it shows that USD/CAD has broken below the 100% Fibonacci support area last year. And a previous month and the last Friday price touched the 123.6% Fibonacci support around 1.2590 region. Besides, the price has broken below the lowermost 200 periods smoothed moving average (blue line). Either price will show a double bottom chart pattern and reverse from this level or continue the downtrend. But the continuation of the downturn is more probable from this situation.

Traders can sell this currency pair from the weekly opening price and target the 1.2400 regions with stop misfortune around 1.2800 regions.

[Sayemme]

Assalamu alaikum friends and respected forum family mates. Despite gold fell freely, silver showed very good rigidity from it's ranging position. Below we will discuss silver technical forecasts for next week and with entry and exits.

Silver four-hour chart forecast:

A two-week-old symmetrical triangle has been broken below on the silver four-hour chart. Despite the triangle has broken below side, going nearby the multiple 200 moving average, price bounced upwards nearby the broken triangle area. As the broken triangle lower region tested last Friday, next week, the price can start falling.

Silver daily chart forecast:

After the price fell from the $30.06 region, silver is in a range or rectangle between 28.00 and $26.00 region. These are respectively the Fibonacci 50% and 23.6% area. A break below $26.00 regions, price should drag like gravity towards the downside. Nearby $25.00 region, there are 200 periods linearly weighted moving average support (pink line).


Silver monthly chart forecast:

We can locate a double top pattern around $30.00 regions on the monthly chart of silver. Below $26.00 region or the 50% Fibonacci support level price can fall near 61.8% Fibonacci area, which is $24.80 area and more downwards. The economic journal is showing next week a couple of important high impact data going to release about Federal Chairman Powell's speech a couple of times. These two events might make the USD stronger, and eventually, the silver price may fall like gold.

Traders can sell the commodity at the weekly opening price with stop misfortune around $28.00 region and target for the $24.80 area or 50% Fibonacci weekly support level. The zones are shown as a green rectangle where it could be safe to trade with short entries. Thanks for your precious time friends.

[Sayemme]

Assalamu alaikum friends and respected forum members. Today the GBP / USD is declining after refreshing yearly highest price, but another British pound related currency pairs, GBP/JPY and GBP/CHF, are continuing their bull run. Below we are going to describe the technical aspects of those two trading instruments.

GBP/CHF daily chart forecast:


At the start of this month, GBP/CHF had broken above a three-month-old ascending triangle in the daily time frame. At the time of breaking above the triangle, the price also surpassed the uppermost 200 periods daily smoothed moving average (blue line) and the 50% daily Fibonacci resistance zone. From the breakout area 1.2240 region till today last hour price reached 1.2623 parts, the yearly highest price. It has been seven consecutive day price is forming bullish daily candles in a row. Besides the breakout of 61.8% Fibonacci resistance area and RSI surpasses the 70 levels, indicating more upward movement might occur this week.

GBP/CHF weekly chart forecast:


Right at this moment, GBP/CHF is facing the 200 periods weekly exponential moving average resistance (red line) in the weekly time frame. Consecutive five weeks price formed bullish weekly candles. Around 1.2834 regions, there is 78.4% Fibonacci resistance that might be the target for this week. Like the previous week Swiss franc is showing weakness this week too.

Traders should open long orders at the current price with targets at 78.4% Fibonacci resistance region 1.2834 and stop misfortune around below the 61.8% Fibonacci support or 1.2500 areas.

GBP/JPY four-hour chart forecast:


A three-week-old ascending channel had been broken upside by the GBP/JPY instrument last week at the four-hour timeframe after the breakout price reached from 145.50 to 148.20 region till now. During retracing at this uptrend, price found support at the upper broken channel line area last week. If price even falls from this region near the upper channel line, the price will get support around 147.20 area and start riding once again.

GBP/JPY weekly chart forecast:


The weekly timeframe shows GBP/JPY reached near the uppermost 200 periods smoothed moving average (blue line) and the 161.8% Fibonacci resistance region. From here, a downward correction might occur with high probability. This year all weekly candles formed bullish and downward correction is on the way. RSI reached the overbought condition in the weekly chart. Besides, there are hardly any high impact economic data going to be released this week.

Traders should wait until the price starts retracing. The four-hour timeframe around the channel upper line region and near 61.8% Fibonacci support area is the excellent buy zone. Target above 150.00 regions and stop misfortune around 145.00 areas.

[Sayemme]

Assalamu alaikum friends and respected forum members, good afternoon. This week we are witnessing metals rising fast. But now, both gold and silver are nearby resistances and ranging around the resistances. There is downward probability most for gold to fall from the current price $1811 region.

Gold daily chart forecast:


The above daily chart of gold shows a descending channel. Right now, the gold price is precisely around the 200-period exponential moving average (red line). Gold prices should face resistance here. If it goes more upwards, then around the $1826 region, there are other 200 periods moving average resistance. By all means, the descending channel should be continued.


Another daily chart showing the price is precisely ranging around $1809 area, which is 23.6% Fibonacci resistance zone. The Fibonacci was drawn with the highest price and the lowest price of 2021. Today there is Federal chairman Powell's speech that should strengthen the US dollar. Then we can expect gold might fall. Besides, worldwide COVID-19 affected are reduced, and vaccination is continuing with the maximum speed possible. This should minimize gold pressure for going upwards.

Traders can sell gold around the $1816-$1820 region with targets below the $1750 region and stop misfortune near the 38.2% daily Fibonacci resistance area, which is around the $1836 area.



Silver four-hour chart forecast:


Last week we saw a silver piercing below the 200 periods moving averages on the four-hour chart and bouncing sharply upwards from $26 to right now $28.10 region. Now silver is facing a 23.6% Fibonacci resistance zone above $28.00 areas and ranging beside the level. The zigzag indicator might have found its highest price and RSI too going down from 70 regions.

Silver weekly chart forecast:

For the last four weeks, silver mostly traded inside 23.6% and 50% Fibonacci levels. Despite this week price raised above the $28.00 region, the price is still remaining in the mentioned range. Price hit the upper Bollinger band in the weekly time frame, and this week USD has not started showing any strength yet. Today is significant high impact news about USD, and hopefully, today, silver might attempt to go down.

Traders should order sell orders from the current price above $28.00 region with stop misfortune around $29.50 for safety and target for $25.00 area or lower.

[Sayemme]

Assalamu alaikum friends and respected forum members, good afternoon. From the early Asian session today, we have noticed that the Japanese yen started losing strength dramatically. Almost all JPY based pairs are rising around yearly highest prices, except a few like the CHF/JPY trading instrument. AUD/JPY is leading all other pairs towards refreshing yearly highest prices. Below we will discuss these two currency pair's technical forecasts.

AUD/JPY daily chart forecast:


Consecutive five days, this currency pair formed bullish daily candles. The last three-day price retraced nearby the 126.4% Fibonacci zone, and today, when the Japanese yen was weak price jumped upwards. So far, the price raised from 83.10 regions to 83.78 areas. Price is above the daily Bollinger upper band area, and RSI is above 70 for the last few days showing strong uptrend potentials.

AUD/JPY monthly chart forecast:


This trading instrument will soon face multiple 200 periods of monthly moving average resistances. Around 84.53 area, uppermost simple 200 periods moving average resistance (grey line). Besides, 83.53 was the highest price in February 2018. If this resistance is broken above, then the next target will be around 161.8% Fibonacci resistance zone near 90.00 area.

Traders can see that from 84.53 areas, there is a high probability of going downwards for this instrument. Sell above 84.40 regions with the target for 82.00 regions. But soon, the price will regain its uptrend momentum after the retracement.

CHF/JPY four-hour chart forecasts:


This trading pair is the anomaly among the JPY based currency pairs. Because of the last few weeks, the Swiss franc is weakening; this trading pair has broken below a multi-week old ascending trend line. Price also fell below 200 periods moving averages in this timeframe. Today when the Japanese yen weakened price started rising, but now facing resistance around the moving averages. If the price even bounces upwards more, going near the trend line, the price will surely bounce downward.

CHF/JPY daily chart forecast:


A four-month-old ascending trend line has been broken below yesterday. Price got support near the 200 periods moving averages on the daily chart. As the Swiss franc is losing strength against all major currencies, we cannot ignore the breakout as a false one. As the current price is around the 116.55 area, going near 117.00-117.30 area price may fall once again.

Traders can wait for the upward momentum finishes at the daily closing time. Then price may be found around 117.00 regions or nearby. Sell from that region with the target for 115.00 areas and stop misfortune around 118.00 regions.

[Sayemme]

Assalamu alaikum friends and respected forum members, good evening. Hopefully, you all are grabbing pips from the downtrend of gold. First half of this week, gold raised nearby the resistances and bounced downward after that. Right now, gold is falling once again, and the market has created an excellent short opportunity for bear traders.

Gold four-hour chart forecast:


The above chart shows that gold raised near the 1816$ region, nearby the four hour 200 periods moving averages and bounced downwards. Zigzag indicator found it's the week's highest price, and right now, zigzag indicator searching for the new lowest price. Current price is around the 1780$ region, below the four-hour Bollinger lower band. The RSI indicator showing downtrend confirmation as the value is below 40 areas.

Gold daily chart forecast:


Last two consecutive days, we can see Doji formed near the daily 200 periods exponential moving average(red line). That confirmed the bearish trend on the way, and the price exactly bounced downwards from the moving average resistance area. Besides around 1812$ region, the 78.4% Fibonacci resistance gave a strong barrier from going upside. Now gold is falling despite the USD is weak. The next target could be around 1730$ region nearby the 200 periods smoothed moving average support(blue line) and the 126% Fibonacci support region.

Gold weekly chart forecast:


This year, gold price bounced downwards from the upper Bollinger band area and crated a descending channel. This week too, the price raised near the upper channel region. Hopefully, the downside channel will continue with swing momentum. Vaccination all around the world has weakened the pandemic effect of gold. That is the main reason gold is falling despite the USD weakening.

Traders can rely on short order from the current price with a target around 1750 or 1730$ area and stop misfortune around 1826$ region.

EUR/USD daily chart forecast:


Yesterday EUR/USD lowered near the daily Bollinger middle band area and the 38.2% Fibonacci support region and bounced upwards. Right now, the EUR/USD price is above the bollinger upper band and the 61.8% Fibonacci resistance level. The current price is 1.2220 area, and around 1.2265 regions, there is 78.4% Fibonacci resistance level.

EUR/USD weekly chart forecast:


A descending trend line formed in the weekly chart from the start of this year. Last week price had broken above and this week EUR/USD price started above the trend line region. This clearly indicates an uptrend confirmation. Weekly RSI is above 62, and the uptrend may proceed near the 1.2350 area around the weekly Bollinger upper band region.

Traders can rely on long orders because the USD is weak all through this week. But from the current price and target above 1.2340 regions and stop misfortune around 1.2135 area. Thanks for your precious time to read my journal.

[Sayemme]

Assalamu Alaikum friends, good evening. From last night or the later part of the previous day US session, we have seen the dollar dominating over all other currencies, including the metals. Among the major currency pairs and metals below, we will discuss about NZD/USD and silver trading prospects.

NZD/USD four-hour chart forecast:


Yesterday we saw NZD/USD rising around the multi-year highest price around 0.7465 regions. But the price couldn't hold the upward momentum and started falling very sharply. While I was writing, the post price was around 0.7270, approximately 200 pips down within 24 hours or less. Price is nearby the multiple 200 periods moving averages support on this timeframe. Besides, a three-week-old ascending trend line support is around 0.7200 regions. RSI is below 35, showing to approach the oversold conditions.

NZD/USD daily chart forecast:


A daily chart is showing this trading instrument lowered today to a nearby 0.7250 area. A three-month-old ascending trend line and 100% Fibonacci support level is around 0.7170 regions. The price might decrease near the support and bounce upwards once again. In this timeframe, RSI is above 53 areas, and soon we can expect a bounce.


Traders can wait for long order when the price reaches around 0.7200 regions. Until then, scalp with short orders. Long orders from 0.7200 could be wise with stop misfortune around 0.7150 and a target for 0.7500 areas.

Silver four-hour chart forecast:


We can see a six-week-old ascending trend line supporting silver price falling below the current price 26.66 area. Price also got support around multiple 200 periods moving average support in the current price zone. But metals are right now fundamentally fragile and might break the supports and fall sharply. Despite the fact that gold is falling freely, we can't ignore the rebound of silver from this stage.

Silver daily chart forecast:


A two-month-old ascending trend line has not been pierced below yet till now today. Consecutive two-day price falling from the $28 resistance level or 23.6% Fibonacci resistance region. For sellers, they need to wait for the price to break below the trend line. Another fact about silver is the RSI divergence; the RSI trend line has been broken below and indicating a downtrend might start very soon.

Traders should wait for silver to go below the $26.00 area for downtrend confirmation. Stop misfortune around $27.00 and target for $24.09 region or lower. Thanks for your precious time to read my journal.

[Sayemme]

Greetings & Overview:

Assalamu alaikum friends and good afternoon on the first day of this weekend. Yesterday we have seen USD dominating over all other currencies, especially at the US session. The main reason behind the dollar got stronger was, several economic data showed possibilities that the Federal reserve might withdraw the stimulus package sooner than we had anticipated. Because of this, gold fell very sharply, around 1715$, which was about eight months lowest price; at the same time, major currency pairs fell sharply like GBP/USD fell near 1.3887, and EUR/USD collapsed around 1.2062 regions. At the same time, the Japanese yen too got stronger, and all JPY based pairs showed declining. Crude oil also fell from $63.56 to $61.34 region, more than 220 pips in a day. Below we will be discussing these trading instruments prospects for next week.

EUR/USD forecasts:


This trading instrument started the week with upward momentum and raised near 1.2245 area, but dollar dominance had caused the sharp falling from Thursday night, and this trading instrument closed the week around 1.2073 regions. Yesterday this currency pair fell 90 pips and lost the weekly candle by 40 pips. Investors from the whole world are buying the USD; this sentiment has worked. Four hour chart of the EUR/USD shows that price is piercing below the multiple 200 periods moving averages. A eight-week-old descending trend line had been broken upside around three weeks ago.Price of this instrument can seek support nearby the trend line region around 1.1950 if next week too price shows falling situation continued.RSI is approaching near the 33 levels in the four-hour chart timeframe. Besides RSI divergence trend line has been broken downside yesterday that indicates an explicit downtrend confirmation. Next week we might see that sellers are dominating this mostly traded instrument.
EUR/USD daily chart overview:



The daily chart of EUR/USD shows the price reversed downwards from the upper Bollinger band region. Above the everyday Bollinger upper band price raised Thursday and zigzag indicator found it's the highest price if the month. Now zigzag indicator will be searching for the new lowest price in the next whole week. Price is below the daily Bollinger middle band area and heading downward. The two-month-old descending trend line might be the following support for this trading instrument. This month we have seen the lowest price around 1.1960 regions, which was nearby the 50% Fibonacci retracement region. This time the downtrend might carry on nearby the daily 200 periods moving averages area around 1.1940 or lower—the RSI indicator data showing a break of an upward trend line and below 45 level.



Traders might find an excellent opportunity to sell this trading instrument when the week opens on Monday. As the current price is near the 38.2% Fibonacci support area, try to sell below 1.2050 area and target for 1.1950 or lower and stop misfortune around 1.2150 area. All technical indicators are showing a downtrend confirmation. Traders should rely on the facts.

AUD/JPY technical overview:


For the last two consecutive days, AUD/JPY is falling sharply from the 84.85 yearly highest prices. Right now price is around 82.06 area, falling 260+ pips in just two days. A four-month-old ascending trend line is clearly visible on the daily chart where the short term downtrend can seek support. Besides daily Bollinger middle band support is also nearby from the current price. Yesterday price fell below the 123.4% Fibonacci support level. In this timeframe, the RSI indicator window shows that the price has broken below an upward RSI trend line, and its value is approaching near 54 areas. Nearby the 81.50 area price of AUD/JPY will face the ascending trend line, and there will be an excellent buy opportunity from that region.

AUD/JPY monthly chart overview:



In the monthly chart, if the AUD/JPY price faced the 2018 June highest price around 84.89 area and bounced downwards. There were 200 periods of monthly moving averages resistance also around that level to work as a barrier. The uptrend in the monthly chart should be continued next month too as previous consecutive four months we have noticed bullish monthly candles only. Japanese retail sales data came positive last week, and that worked as a critical sentiment in the growing if Japanese yen strength. Among the previous three months, this was the first time the positive news appeared, and the Japanese economy might recover. And because of no significant economic releases on the last two days of the previous week of the Australian dollar, this currency weakened or showing retracement after a considerable uptrend. Next week we have clear hopes that this currency pair will resume its uptrend once again.

Traders can open buy orders around 81.50 area with the target for 85.00 or higher and stop misfortune around 80.00 regions. We all know after a massive uptrend, any currency pair shows recovery movements.AUD/JPY is currently facing that phase.

Crude oil overview:


Last week was very nice for crude oil traders.Price raised from 58.80$ to 63.80$ per barrel area, which was 500 pips upwards. For the previous two days, the price is retracing and closed the week around 61.58$ per barrel area. Price may find support near the 60.50$ area, which is 78.4% Fibonacci support region in the weekly chart. Despite price raised nearby the 63.80$ area, oil price couldn't surpass the previous year highest price, around 67$ per barrel region. So the uptrend will resume once again in the next few weeks. All conditions are perfectly well for the growth of oil price—last two-day correction anticipated by traders much before. Because of texas oil production company shut down, this correction might have occurred. Next week there is an OPEC meeting where worldwide oil producers might decide to increase extraction. That is a piece of positive news for the buyers of crude oil. Besides, when the US stimulus package is approved, the market might show new sentiment among oil traders. The weekly multi-year-old symmetrical triangle breakout indicates long term buy trend, which occurred only four weeks ago.

Traders can buy crude oil from a 60.50$ area with stop misfortune around 57.50$ per barrel area and target above 67.00$ region.As the crude oil price is above the multiple 200 periods moving averages, there is very little chance to create massive correction downwards. Thanks for your precious time to read my journal, friends.

[Sayemme]

Greetings and overview:

Assalamu alaikum friends, and good afternoon to everyone. Previous week we have seen gold falling dramatically towards 1716$ region from the highest price of last week 1815$ area.Next week there is a large possibility that we may see the correction in the upward movements of gold.Previous three working days GBP/USD had fallen from multi-year highest price of 1.4230 regions towards 1.3887 area. Same dynamics showed by NZD/USD too because of USD strengthened. Below we will discuss these trading instruments in brief.

Forecast for the daily chart of Gold:
Key points for gold analysis;

1. Gold touched near the 200 periods smoothed, moving average around 1716$ area.

1. RSI daily level has gone below 29 regions that are considered oversold conditions

1. After a strong falling price tendency is to reverse upwards until fresh impetus starts again fundamentally.

Gold has been considered the most valued and most traded commodity globally for more than 200 years. Because of the COVID-19 pandemic effect decreasing by worldwide vaccination, gold too started losing its strength. Last week we noticed it falling near the 1716$ region.Below that level supports are there around 1703$, 1689$ and 1648$ respectively, which are considered very strong support levels. Fibonacci 123.4% support line has also touched around the 1716$ level, and gold bounced upwards to near the 1734$ area and closed the week. Gold price is much lower than the daily Bollinger lower band region. From here, it is not unexpected to retrace near the 1780$ region once again. Fundamentally US bonds yield are causing the main hamper in growth for gold. Fragility of gold might take more lower if the downtrend continues next week too.


The last 1716$ region was the right months lowest price from June 2020. If US Treasury yields resume their gaining rally, then gold might fall much more. The new month is going to start from tomorrow, and we all know that fresh monthly trend is attracted by investors in huge amount and if worldwide investors open short positions on gold, then the downtrend will show more lowest region. Gold might test the 1764$ region once again or might go near the 1780$ region and start bouncing downwards once again.

Forecast of gold in the weekly chart:

Client's sentiment shows in several statistics that more than 85% of gold traders are holding short positions. On the weekly chart, we can see a descending channel formed from the all-time highest price 2070$ area.Till now, the lower channel line has not been touched, which confirms that gold has much more lower to go.161.8% Fibonacci support level is nearby 1650$ region where gold might seek support. The zigzag indicator is still searching for the new lowest price. We can see a downward trend line in the RSI indicator window in the weekly timeframe. The divergence trend line shows confirmation for more falling in the next month.

Forecasts for the NZD/USD:

• Negative Newzealand data might cause a downtrend on NZD/USD.

• A three-month-old ascending trend line might fail to support around the 0.7200 regions.

• RSI bounced downwards from the overbought conditions.

NZD is collapsing against USD for consecutive two days, trying to develop a downward signal that appeared the day before, when the instrument returned from its record highest price 0.7450 area. NZD managed to recoup most of its expenses, but the "bearish" emotion still persists, which is partly due to the technical correction of the purchased instrument at the end of the week. Macroeconomic statistics from New Zealand released on Friday do not provide significant support to this currency pair's growth. ANZ Consumer Confidence Index in February fell, which turned out to be worse than the market's neutral conditions from the Newzealand side. New Zealand exports slowed in January from 5.38B to 4.19B dollars. Besides, Imports also fell over the same period, leading to a trade depletion of 626M dollars in January over the previous month. In these circumstances, a three-month-old ascending trend line might be broken downside if US treasury yields continue to grow upwards.


Currently, the price is heading towards 100% Fibonacci support region near 0.7200 level after two consecutive days, bearish daily candles formed. In the last two working days, we have seen RSI falling from 74 levels to 48 level that causes serious concern among the bull traders. From 0.7450 region price fell 229 pips in the last two days near 0.7219 regions before closing the week. We can hope that ascending daily trend line visible in the daily chart will provide enough support from falling below 0.7200 to 0.7190 area. Or else if the price goes downwards from that region, a new sell trend will start.

Weekly forecast for the NZD/USD:


We can see an ascending trend line in the weekly chart formed from February 2020. As the trend line has not been broken in twelve months, we can expect that even the daily ascending trend line is broken below, the weekly ascending trend line will keep supporting the uptrend. Around the 0.7080-0.7100 region, the ascending trend line acts right now. The 123.4% weekly Fibonacci support line is around the same area with the ascending trend line. After consecutive five bullish weekly candles formed, the previous week, a bearish candle formed. Traders can wait before entering into the market. If the price starts falling, then wait until the price goes nearby the 0.7100 regions, which appropriate for us to buy from that price. Stop misfortune around 0.7000 area and target for above 0.7450 region.

Forecast for the GBP/USD:

Keynotes;

• From three year highest price 1.4224 GBP/USD started showing correction

• Nearby 1.3800 region, there is weekly 200 periods smoothed moving average support(blue line).

• From February 2020 weekly ascending trend line has not been broken downside yet.

Friends we all know after gold among the currencies GBP/USD is the most volatile currency pair. When because of USD strengthening last two working days, almost all metals and USD based currency pairs showed downward correction, GBP/USD was the most affected one. Around 337 pips, this currency pair fell from the yearly highest price before the week closed around 1.3926 regions despite this trading instrument's price surpassed above 123.4% Fibonacci resistance level, now heading towards the 100% Fibonacci support region nearby 1.3500 area. The correction is more likely technical than a fundamental reason. Next week there is Non-farm Payroll data of the US that might cause a severe downtrend, but before that, the Bank of England meeting might recover the last week loses.

We can expect recovery towards the 1.4050 regions next week, and then this currency pair might start falling once again. On Wednesday 3rd of March, there is an annual budget release of the British h Government. Before that, Final manufacturing data on Monday should start recovering the currency pair from last weeks massive downward movement.