Hello Traders,
let’s hit them charts:
1. USD/CAD
Last week price gave us a clean breakout on the USD/CAD
The key resistance zone was easily broken, and my educated guess tell me that NPRZ is price next bus stop. So I will be looking for buy opportunities on the USD/CAD as soon as the market comes alive
2. USD/JPY
The weekly time frame shows us a super clean break out on the USD/JPY, but the daily time frame tells us the full story
The daily candlestick tells us that it took 2 weeks for price to break a key resistance zone, and the zone broken is the highest price has ever been since 2002.
So we are looking at probably another 200 – 500 pip move to the north this week.
3. USD/CHF
Another clean breakout spotted on the USD/CHF
Wednesday was a breakout, Thursday a retest, and Friday a trend continuation. It won’t be a bad idea hunting for a buy opportunity this week on the USD/CHF
4. EUR/USD
I love the breakout on the EUR/USD
After price tested the key support zone for the fourth time, there was a breakout. So this week we could be seeing a slight or deep retest before the fall continues.
This week, price next possible bus stop would be NPSZ.
What say you?
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