Free Forex Trading Signals:
Historically, December is the Best Month to buy the Euro against the USD
Assets: EURUSD, USDJPY, GBPUSD
TCI Forecast: Given neutral news, Euro is expected to turn bullish against the US Dollar (↑). Starting of the new uptrend the first few days of December 2014
Potential Reversal Dates: the 26th of November 2014 or the 3rd of December 2014 (based on TCI readings)
In most of our 2014 Forex reports, we have never lost a chance to highlight the strength of the US Dollar against the other majors. The US Dollar is moving in a strong uptrend against EUR and JPY based on the growing US economy and the upcoming period of rising US rates, starting in 2015. On the other hand, most of the other majors are becoming victims of slow-growing economies or even recession as in the case of Japan. If we take into account all these fundamental data, the long-term USD uptrend will most probably continue during the following months. The USD uptrend is strong but whenever the gains are extreme, correction is always inevitable. According to our analysis the month December 2014 will turn to be one of the months that the US Dollar will lose some ground (correct) against other majors and especially as concerns the EURO.
Evaluating the Previous Trading Signal of TradingCenter.org
Our previous trading signal was one of the best trading signals we have ever published on TradingCenter.org. Not only we have forecasted the upcoming USD appreciation against all majors during November 2014 but we have also forecasted the exact time for the beginning of this new uptrend (last days of October).
We said exactly: “USD correction is coming to an end, we expect the formation of a new USD uptrend (↑). The new uptrend is expected to commence in the last few days of October 2014 and to peak during late November 2014”
By that time USDJPY was trading at 106.875, now it is trading at about 118.00. This is a huge difference in terms of winning pips, in just one month.
Forex Market Current Outlook
The Japanese Yen has been under huge selling pressure since Oct. 31st, 2014 when the Bank of Japan announced more stimulus measures and after the recent disappointing release of the Japanese GDP. The British Pound Sterling has also been under pressure due to the disappointing inflation reports from Bank of England. As concerns the Euro area, Euro stills suffers from slow growth and limited inflation and tanks each time the President of ECB Mario Draghi decides to speak. If you are long on Euro you don’t want Mario Draghi to speak these days.