In this week's market analysis, we will look at potential trading opportunities and zones where we should look for price action, evidence and potential moves.
Pairs and markets analyzed this week: AUD/CAD, EUR/USD, USD/CHF, Crude oil, XAG/USD
AUD/CAD near support, Watch out for Bullish Price Action
AUDCAD Price approaching strong zone 0.971-0.975, Watch out for bullish Price Action ( bullish evidence) and a potential move to the upside from this major zone.
This pinbar is a bit too far from zone, wait till it test the Support Zone
EUR/USD Near Resistance, Watch out for Bearish Price Action
EUR/USD Price approaching strong zone 1.138-1.142, Watch out for bearish evidence and a potential move to the downside from this major zone.
USD/CHF testing strong resistance, look for Bullish Price Action
USD/CHF is testing a strong support zone 0.95-0.953,watch out for bullish price action for a potential move to the upside from this zone.
XAG/USD at a strong support zone, watch out for Bullish Price Action
As mentioned last week, XAG/USD Price is at a strong support zone 19.18-19.40, Watch out for bullish evidence and a potential move to the upside from this major zone (with a 20.57 target).
WTI approaching zone, Watch out for bearish Price Action
WTI Price approaching strong zone 49.8-50.6, Watch out for bearish Price Action and a potential move to the downside from this major zone.
Happy Trading
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