Analytical Sunday presents us with EUR/CHF, CAD/JPY & XAU/USD

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?

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