VantagePoint Forex Weekly Outlook for the Week of January 28th, 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 under significant selling pressure. And there are 3 different levels of resistance indicated by Vantagepoint. In fact, the US Dollar has now broken below the yearly opening price. And this is after positive news for from the US Government regarding the shutdown.

What do the indicators say?

The VantagePoint key level is at 95.657. In addition, the VantagePoint PRSI is at 31.7.

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 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 1.1395. In addition, the VantagePoint PRSI is at 59.7.

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

What do the indicators say?

The VantagePoint key level is at 0.9899. In addition, the VantagePoint PRSI is at 40.3.

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

What do the indicators say?

The VantagePoint key level is at 1.2908. In addition, the VantagePoint PRSI is at 89.5.

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

What do the indicators say?

The VantagePoint key level is at 109.47. In addition, the VantagePoint PRSI is at 66.3.

The Commodities Currencies

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

What do the indicators say?

The VantagePoint key level is at 1.3328. In addition, the VantagePoint PRSI is at 28.6.

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

What do the indicators say?

The VantagePoint key level is at 0.7151. In addition, the VantagePoint PRSI is at 61.5.

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

What do the indicators say?

The VantagePoint key level is at 0.6770. In addition, VantagePoint PRSI is at 75.4.

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