Hello traders,
let’s see what the week has for us:
1. EUR/CHF
EUR/CHF spent the last few days of last week trying to break the 0.95706 support level, but all attempts failed.
Presently we can see a reversal candlestick pattern materialize. This week we may most likely see price revisit the previous resistance zone.
2. CAD/JPY
Last week we saw a bullish CAD/JPY taking a breather by giving us a possible pullback.
Price is currently resting on a key support zone, and this means Monday’s close of the daily candlestick will define what we are to expect on Tuesday and the rest of the week
A breakout will most likely take price to the next possible support level (103.837), and a reversal may resuscitate the sleeping bulls, which may retest resistance level 110.088
3. XAU/USD (Gold)
Last week we saw Gold’s highly respected support zone partially broken.
In the coming weeks there is a huge possibility that sellers may jump into the selling pressure of this precious metal, and further pull it down to support level 1532.83
This week I will be hunting for sell opportunities in the market
What say you?
Traders who are interested in joining our FREE trading group on Telegram, where trade ideas and trade-related topics are discussed, which could assist your trading career while being infected by positive vibes
hit us on Pip Crafters
