khansalarehsan

A review of FX market for the coming week

TVC:DXY   U.S. Dollar Currency Index
51 views
4
51 0
Dear friends,
Here is what I think for most of the pairs for the coming week. Have a great trading week.
AUD
AUDCAD on Monthly broke the support last month. On Daily nice pullback off the EMAs and resistance. I would go Short with and order pending at the low on 15min chart to Short
ACTION: SELL
AUDNZD is a good Long. But on 15 min it is bearish now however it is sitting on support. Would be great to visit EMAs on 4hrs and bounce. But on longer TF it has a tough job to do to go higher
ACTION: BUY
EUR
EURUSD has a hard time to go higher. On 4hrs it has been sideway for a while and on hourly it is below the resistance. Watch 15min to break the rising trend line to go Short
ACTION: SELL
EURCAD has to most beautiful Weekly rejection bar among all pairs, Daily on Wed touched major resistance and reversed. 4hrs is ready to break lower too. Hourly has enough room going lower. Watch 15min to break the support to go Short.
ACTION: STRONG SELL
EURGBP is bullish on any TF. On 15min chart let it get back to EMAs and bounce and the with order pending at the high you may go Long
ACTION: BUY
EURCHF is very bearish in ANY TF, only on 15 min it is heading into a support. Let 15min to break first
• ACTION: STRONG SELL
GBP
GBPUSD is bearish but both Weekly and 15 min reached supports. Look for any selling opportunity on a shorter TF.
ACTION: SELL
GBPAUD monthly can make a bearish engulfing . It is a great Short trade. Short at Open.
ACTION: STONG SELL
GBPCHF on Weekly broke a major support. It is a great Short trade. Just trade any short term chart to go Short. There is no support at any TF. But it is a bit over extended. Wait for any bounce in Shorter TF to go Short
ACTION: SELL
GBPCAD on 4hrs getting close to support, apart from that it is very bearish .
ACTION: SELL
GBPJPY and GBPCAD on monthly made a false break higher on the wedge formation and currently breaking the short side of the wedge formation. Like other GBP crosses it is bearish but on 15min chart is it a bit oversold. Wait for a bounce to sell it again
ACTION: SELL
GBPNZD on weekly made a nice rejection bar and on other TF has enough room to go lower. It is as good Short.
ACTION: SELL
NZD
NZDUSD has a good Shorting opportunity but on a Shorter TF it is not ready yet.
ACTION: SELL
NZDCHF on Monthly is very bearish . To go Short wait for 15 min to break the falling trend line . This pair has a lot of room to go lower as highlighted last week.
ACTION: SELL
NZDCAD looks great Short on Daily TF but on Shorter TFs is not ready yet to go lower
ACTION: SELL
CAD
USDCAD has a great Shorting opportunity on Weekly and 4 hours. But on 15 min it is sitting on a support. Wait for that to break
ACTION: SELL
CHF
CHFJPY is bearish but on hourly is in the middle range. If breaks hourly support it will be a great Short
ACTION: SELL

If you found it useful, please LIKE,

Regards,

KHAN

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out