Outlook for Major Currencies

With the help of our methodology we try to define the trend on the hourly chart (Daily Outlook), daily chart (Short-Term Outlook) and weekly chart (Medium-Term Outlook) for the major currency pairs: EUR/USD, GBP/USD, and USD/JPY.

Daily Outlook

In these updates our focus is to identify the trend on the hourly chart - the so-called very short-term (VST) trend (this trend usually lasts several days to a few weeks) and to spell out a hypothetical trading strategy that usually aims for 90-180 point moves in the major currency pairs risking 40-70 points. This analysis is updated every day usually between 8:00 and 10:00 CET. If some larger and dramatic movements develop during the day, special updates may be posted during the day at any time. (CET stands for "Central European Time")

Short-Term Outlook

In these updates our focus is to identify the trend on the daily chart – the so-called Short-Term (ST) trend (this trend usually lasts several weeks to several months) and to spell out a hypothetical trading strategy that usually aims for 300-600 point moves in the major currency pairs risking 100-200 points. This analysis is updated once per week: before the open each Monday (usually posted during the weekends). If necessary, some special updates may be posted during the trading week.

Medium-Term Outlook

In these updates our focus is to identify the trend on the weekly chart – the so-called Medium-Term (MT) trend (this trend usually lasts several months to a few years) and to spell out a hypothetical trading strategy that usually seeks for 800-1200 point moves in the major currency pairs risking 300-500 points. This analysis is updated once per month (usually in the beginning of each month).