Last week preditions and this week.

Last week USDCAD hit 1.257 which was enough for me to close but decided to leave it for now. Unfortunately it returned back to 1.246 in less than a day. Again prediction for next week is 1.26

Two other currencies provided significant gain in the second week of Jan. 2018 and now expectations are to drop significantly. Yes I am speaking about EUR and AUD. According to OANDAs heatmap

there is significant increase of the EUR against majors. The same with AUD.

#FOREX Expectations USDCAD to return back.

Last week I opened several good Long positions on USDCAD pair which were hit by the ridiculous predictions for CAD and USD. The pair sink significantly from 1.28 to 1.23 in almost a day.

However, this week forecast is to return at least to 1.25. This could be seen from:

Its obvious that the long positions will prevail.

Another good currency is JPY which made significant drop last seven days and now is time for return against some of the weak currencies at the moment.