Weekly Market Analysis: GBP/USD, EUR/USD & AUD/JPY

Hello traders,

It’s a brand new week, let’s hit them charts:

 

1. GBP/USD

Price on the GBP/USD is currently at a key resistance zone, and has the 200 ma above it

Also we can see an overbought stochastic signifying that sellers may be getting ready to flood the market this week.

This week I will be hunting for bearish opportunities in the market

 

2. EUR/USD

EUR/USD has the pattern formation as the GBP/USD, just that it looks a lot more convincing because of the bearish engulfing candlestick formed on Friday

So, it wont be out of place to look for opportunities to sell the EUR/USD

 

3. AUD/JPY

It’s been a while I saw a perfect Marubozu form on the weekly time frame after a breakout

This week, we may see a pullback, after which the bulls may most likely come in strong

I will be chilling for that pullback this week

 

What say you?

NOTE:

Check out our mouth-watering discounts on any of the proprietary firm’s challenges:

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

error

Enjoy this blog? Please spread the word :)