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EURUSD Short Term Forecast (Euro to US Dollar Rate) - SELL(Short)

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Many people talk about the weak dollar. There are many who expect EURUSD to rise. However, EURUSD is likely to go down a little further. It would be better to sell.

EURUSD Forecast and Trading (Euro to US Dollar Rate):
Swing SELL(Short)

Eentry Price  above 1.1342
1st Target Price  1.0962  (+0.038pt,  +3.35%)
Stoploss Price  1.1397  (-0.0055pt,  -0.48%)

[EURUSD daily chart]

USDZAR Long Term Forecast (US Dollar to South African Rand rate) - BUY(Long)

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South Africa is restoring its sovereignty by rejecting Western imperialism. It also passed an amendment to the Constitution that confiscated the lands of the white. South Africa is one of the BRICS countries.

If they do not submit themselves to Western imperialism and concentrate their all efforts on regaining sovereignty, as they do now, the future of Rand will be very bright.

USDZAR Price Forecast and Trading (US Dollar to South African Rand rate): 
Long Term BUY(Long) 

Eentry Price  below 13.84 
1st Target Price  16.5  (+2.66pt,  +19.22%)
Stoploss Price  13.44  (-0.4pt,  -2.89%)

[USDZAR rate monthly chart]
‘Time for reconciliation over’: South Africa votes to confiscate white-owned land

USDBRL Long Term Forecast (US Dollar to Brazilian Real rate) - BUY(Long)

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Brazilian Real is likely to take a sideways walk for the time being. In the long run, the USDBRL is likely to rise higher. If it falls, it is better to look for opportunities to buy. There seems to be no need to rush.

Brazil is one of the BRICS countries. If they are faithful to anti-imperialism camp, the future of Brazilian Real will be bright.

USDBRL Price Forecast and Trading (US Dollar to Brazilian Real rate): 
Long Term BUY(Long) 

Eentry Price  below 3.687 
1st Target Price  4.83  (+1.143pt,  +31%)
Stoploss Price  3.57  (-0.117pt,  -3.17%)

[USDBRL rate monthly chart]

USDMXN Long Term Forecast (US Dollar to Mexican Peso rate) - BUY(Long)

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As the New Year approaches, the Mexican peso attracts attention. USDMXN is likely to climb once more. If it falls, it is better to look for opportunities to buy. The future of the Mexican peso depends on Mexican sovereignty. If the Mexican people say NO! against United States, the future of the Mexican peso will be bright.

USDMXN rate Forecast and Trading (US Dollar to Mexican Peso rate): 
Long Term BUY(Long) 

Eentry Price  below 19.065 
1st Target Price  22.94  (+3.875pt,  +20.33%) 
2nd Target Price  26.19  (+7.125pt,  +37.37%)
Stoploss Price  18.35  (-0.715pt,  -3.75%)

[USDMXN rate monthly chart]

EURUSD forecast, GBPUSD USDCAD AUDUSD - Forex Trading Pharos

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Monday, December 17, 2018
>> Sold EURUSD at 1.1350


Weekend market summary and next week's strategies.
In the foreign exchange market, the dollar is likely to continue to strengthen. In particular, the dollar is likely to be relatively strong against the Euro, British Pound, Australian Dollar and Canadian Dollar.

EURUSD : It is likely to move in the 1.1099 to 1.1366 range. I would like to sell trading.
GBPUSD: It is likely to move in the 1.2335-1.2705 range. If it goes up, it is better to look for opportunities to sell.
AUDUSD: It is likely to move in the range of 0.704 to 0.724. If it goes up, it is better to sell.
USDCAD: It is likely to move in the range of 1.329 to 1.355. If it falls, it is better to buy.

[EURUSD weekly chart]

USDDKK Forecast (US Dollar to Denmark Krone) - Long Term BUY(Long)

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Nordic currencies are showing weakness against the dollar. Danish kroner is relatively strong, but USDDKK is also likely to rise. If it falls, it is likely to be a good buying opportunity. It would be better to do buy-trading.

USDDKK Forecast and Trading (US Dollar to Denmark Krone): 
Long Term BUY(Long) 

Eentry Price  below 6.5659 
1st Target Price  7.695  (+1.1291pt,  +17.2%) 
2nd Target Price  8.16  (+1.5941pt,  +24.28%)
Stoploss Price  6.473  (-0.0929pt,  -1.41%)

[USDDKK rate monthly chart]

EURUSD Forecast (Euro to US Dollar Rate) - Swing SELL(Short)

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There are a lot of people talking about the dollar weakness. But my opinion is different. The dollar is likely to continue to strengthen. Until the European Union countries regain sovereignty to say NO against the leaders of European Union and the United States, the future of the euro is not bright.

EURUSD Forecast and Trading (Euro to US Dollar Rate): 
Swing SELL(Short) 

Eentry Price  above 1.1355 
1st Target Price  1.1211  (+0.0144pt,  +1.27%) 
Stoploss Price  1.1399  (-0.0044pt,  -0.39%)

[EURUSD daily chart]