Weekly market analysis: GBP/USD, GBP/CHF, EUR/CAD, NZD/USD

Hello traders,

let’s hit them charts:

 

1. GBP/USD

Chart showing the Great British Pounds against the US dollars

Double tops can be spotted on the GBP/USD.

Price closing with a doji shows that there is a possibility that price may return to NPSZ the first few days of the week, but there is a high level of risk selling this pair because the resistance zone does not give us a good risk/reward ratio.

 

2. GBP/CHF

Chart showing the great British pounds against the Swiss Francs

On the daily time frame price has reached a key resistance level, and the 200 ma also authenticates it.

This week we may most likely see price return to NPSZ.

 

 

3. EUR/CAD

Chart showing the Euro against the Canadian dollars

Since December 2021 the key resistance zone has managed to hold price.

Last week we saw a breakout of the key resistance zone. This week all we need is a bullish confirmation, and this may happen after a pullback. If that happens, then price next bus stop will most likely be NPRL

 

 

4. NZD/USD

Chart showing the New Zealand Dollar against the US dollar

A partial breakout can be spotted on the NZD/USD.

This week all we need is a confirmation, then we ride with the bulls to the 1st PSL

 

What say you?

 

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