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/NZD, AUD/USD, CAD/CHF, EUR/GBP, NZD/USD, Silver
AUD/NZD pullback? Watch out for nearish price action at resistance
Keep an eye on AUD/NZD , it might test again the 1.034-1.036 resistance.Watch out for bearish price action and a potential move to the downside from this major zone (1.006 target).
AUD/USD approaching our 1st management point
We are now at 1.9 ROI and approaching our 1st management point (0.75).
There is still a good chance for the price to drop to our initial target (0.745) for a 3.3 ROI
CAD/CHF at support, watch out for bullish price action
CAD/CHF at support zone. Watch out for bullish price action (bullish evidence) and a potential move to the upside from this major zone.
EUR/GBP still aiming for a 3.3 ROI
EUR/GBP still aiming for a 3.3 ROI (target 0.856)
NZD/USD approaching support, watch out for bullish price action
NZD/USD price approaching support zone 0.724-0.728, watch out for bullish evidence and a potential move to the upside from this major zone (with a 0.747 target)
XAG/USD approaching support, watch out for bullish price action
XAG/USD price approaching support zone 18.39-18.48, watch out for bullish evidence and a potential move to the upside from this major zone (with a 20 target)
Disclaimer: This is educational and general information only (not advice or a recommendation).