Weekly predictions are very powerful. Like daily predictions, they consist of three sections that we need to consider:
1. Weekly prediction history
2. Current week‘s predictions
3. Two weeks in advance predictions
Each week starts at Sunday 00:00 on London (UTC+0) or New york (UTC-5) time zones.
Here are more details about each segment.
Weekly prediction history
Easiest way to understand weekly predictions and what to expect from it is to take a look at their history. Let’s take an example:
USDCHF Week 43 – 2016.10.23 – 2016.10.30
New York time zone (UTC-5)
What can we see here? The candles represents daily movements for the week.
At the first day there was 73.4% probability for a price to drop versus 26.5% to increase. And in the first day price dropped to reach 0.992 and probabilities changed, to 59.6% to drop, 13.8% to stay in the range and 26.5% to increase. Now it’s still a big probability for price to drop but it is way riskier to buy the pair. Looking at the second day of the week we can see that the price almost reaches 1.000 so if one would bet against the biggest probability you could still make a profit. Fourth day turns bearish, price reaches 0.988 and increases the probability to stay in range from 13.8% to 30.5%, decreases the probability to drop even further to 42.9%. Up to 80 pips in one trade, seems quite a good week!
Using Evolize everyone can access each prediction history. We never edit them and leave as it is so you could learn how to make a profit out of it. Think of different scenarios you can test and see how they turned out.
Current week predictions
Current week predictions are mostly used for trading and hedging daily trades. Keeping in mind weekly trades you can make riskier decisions on daily trades. For example there’s 58% Down probability for EURUSD on daily prediction and 84% down on weekly – you’ll probably think of shorting. You can read more about trading strategies here. Now trading. It is mostly the same as trading daily, except we would recommend to do it on Sunday or Monday and be prepared for way bigger volatility than trading daily. But bigger volatility also means better outcome, if done right.
Two weeks in advance predictions
If you are the real risk taker, this is where you should land. If one week in advance is considered accurate, two or three in advance is risky because of several factors:
1. Combined error – an arbitrarily small error of current week prediction may lead to significantly different future behavior. An actual butterfly effect.
2. Huge volatility – trading two weeks in advance one needs to be prepared for extreme volatility. It’s not day trading anymore.