VantagePoint Forex Weekly Outlook for the Week of January 14th, 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. 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.

Key levels and market movements:

The Dollar is finally starting to find some support, despite being overly bearish. In other words, traders using the VantagePoint verified support and resistance indicators were able to see that.

What do the indicators say?

The VantagePoint key level is at 95.723. In addition, the VantagePoint PRSI is at 39.1.

VantagePoint 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 1.1391. In addition, the VantagePoint PRSI is at 43.9.

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

What do the indicators say?

The VantagePoint key level is at 0.9818. In addition, the VantagePoint PRSI is at 46.4.

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

What do the indicators say?

The VantagePoint key level is at 1.2723. In addition, the VantagePoint PRSI is at 75.5.

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

What do the indicators say?

The VantagePoint key level is at 109.69. In addition, the VantagePoint PRSI is at 39.4.

The Commodities Currencies

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

What do the indicators say?

The VantagePoint key level is at 1.3390. In addition, the VantagePoint PRSI is at 27.6.

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

What do the indicators say?

The VantagePoint key level is at 0.7169. In addition, the VantagePoint PRSI is at 81.1.

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

What do the indicators say?

The VantagePoint key level is at 0.6771. In addition, the VantagePoint PRSI is at 77.6.

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