IzaTrade: Forecast for the beginning of next week with the prospect for weekly period (10-14.11.2014.)

Dear readers,

After long period, I am renewing to publish my weekly forecasts for English language users of mql5.com

As a rule, my forecasts for Russian language people contain next subcategories:

- Information about how my last forecast worked out;

-forecast for the coming week;

- Summary and recommendations for trading;

 - Questions and answers.

And I intend to keep using above mentioned structure of forecast. Today’s forecast will be exclusion, and it contains introduction to the IzaTrade forecasts, forecast, also summary and recommendations for trading.

Introduction

My forecasts are based on developed by myself methods of analysis of potential strength/weakness 28 currency pairs for specified time.

They are a combination of  EUR, AUD, GBP, NZD, CAD, USD, JPY, CHF currencies. All currencies are dividing into categories: Strong currencies and Weak currencies.

 For example, according to the forecast USD is included into strong currencies list, and JPY is included into weak currencies list, so it is an appropriate to buy USD and sell JPY (USD/JPY long).

I do not  intend to predict future, which is not possible, and my forecasts show a continuation of current tendencies.

Forecast for the beginning of next week with the prospect for the end of week (14.11.2014г.)

Strong currencies

 USD dollar is the strongest currency right now followed by British Pound (GBP) and Swiss Franc. The least strongest currency right now is Canadian Dollar.

Inspite of Euro being in weak list it is in the middle of strong and weak currencies but it may grow stronger in the coming future.

Weak currencies

Australian dollar is the weakest currency right now , followed by New Zealand Dollar, then Japanese Yen followed and finally by Euro.

Summary and recommendations for trading

Taking into account currency, we can make a logical conclusion from above-mentioned, and to consider buying strong currencies and selling weak currencies with taking into account analysis and understanding price fluctuation of some currency pairs.

Recommendations for the opening and closing positions

In the entering into the market it is appropriate to keep rates profit/loss not less than 2/1 and entering after correction of main movements (of trend). For this purposes A Fibonacci levels, indicators and trend lines can be used.    

Questions and answers

I have no questions for this day from my readers, if it will be I will answer to them on my next forecast.  

Trading in Forex is risky, and author has no responsibilities for potential profit/losses based on this forecast.

It is prohibited to republish current forecast without using a references or including information in the text of materials.  

Thank you for your attention.

Have profitable trades,

IzaTrade