VantagePoint Forex Weekly Outlook for the Week of February 11th, 2019

VantagePoint Forex Weekly Outlook for the Week of February 11th, 2019

VantagePoint Forex Weekly Outlook for the Week of February 11th, 2019

The VantagePoint Forex Weekly Outlook is designed to help traders. It’s important to remain aware of correlations in the global markets. Traders can become more profitable if they know how to get ahead of the trends. Utilizing the predictive indicators in VantagePoint Software can help traders find the right trades and the right times. Above all, traders know when to enter and exit those trades for maximum profit. Let’s look at the charts for the U.S. Dollar and the major pairs.

Forex and the U.S. Dollar

The U.S. Dollar Index is the backbone of forex trading. In addition, the bulk of the trades involves buying or selling the U.S. dollar. Understanding the movements of the individual market will greatly benefit forex traders as they will be able to better predict the movements of the pairs based on the IDX market movement.

Key levels and market movements:

The Dollar is coming off support from around the 94.90 level. It has certainly rallied up, but the indicators in Vantagepoint are starting to show an overbought condition. But just because the Dollar is overbought doesn’t mean it can’t continue to move higher, but there are problems ahead with the significant verified resistance zone as identified with the Vantagepoint indicator.

What do the indicators say?

The VantagePoint key level is at 95.788. In addition, the VantagePoint PRSI is at 84.5.

Forex Weekly Outlook for Major Pairs

The major pairs are where most Forex traders trade the market. In the Forex Weekly Outlook, we take a look at the most popular, therefore helping Forex Traders. We analyze price action, as well as news events and/or risk off scenarios. All those play a role in the market movement. VantagePoint Software reviews the Forex Weekly Outlook each Monday.

Euro/U.S. Dollar (EUR/USD)

What do the indicators say?

The VantagePoint key level is at 1.1397. In addition, the VantagePoint PRSI is at 16.3.

U.S. Dollar/Swiss Franc (USD/CHF)

What do the indicators say?

The VantagePoint key level is at 0.9997. In addition, the VantagePoint PRSI is at 73.8.

British Pound/U.S. Dollar (GBP/USD)

What do the indicators say?

The VantagePoint key level is at 1.2984. In addition, the VantagePoint PRSI is at 32.9.

U.S. Dollar/Japanese Yen (USD/JPY)

What do the indicators say?

The VantagePoint key level is at 109.55. In addition, the VantagePoint PRSI is at 43.6.

The Commodities Currencies

U.S. Dollar/Canadian Dollar (USD/CAD)

What do the indicators say?

The VantagePoint key level is at 1.3241. In addition, the VantagePoint PRSI is at 64.0.

Australian Dollar/U.S. Dollar (AUD/USD)

What do the indicators say?

The VantagePoint key level is at 0.7163. In addition, the VantagePoint PRSI is at 21.2.

New Zealand Dollar/U.S. Dollar (NZD/USD)

What do the indicators say?

The VantagePoint key level is at 0.6762. In addition, VantagePoint PRSI is at 43.0.

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