In this week Market analysis, we will look at potential trading opportunities and zones where we should look for evidence and potential moves.
Pairs and Markets Analyzed this Week: AUD/USD, EUR/GBP, EUR/USD, GBP/CAD, GBP/USD, Gold, NZD/USD
Beware of the Brexit, British Referendum (on EU exit) is scheduled later this week (23rd-24th June) and regardless of the outcome, you should be prepared for dramatic reaction in all markets.
AUD/USD: Keep an eye on Price Action Near Resistance
AUD/USD Price approaching strong zone 0.748-0.752, Watch out for bearish evidence and a potential move to the downside from this major zone.
EUR/GBP at zone. Beware of the 'Brexit'
EUR/GBP price is at a zone; watch out for bullish evidence and a potential move to the upside from this zone. However, if the price goes through this zone, you can expect it to go as low as 0.759.
EUR/USD. Beware of the 'Brexit'
EUR/USD Price approaching strong zone 1.139-1.142, Watch out for bearish evidence and a potential move to the downside from this major zone.
GBP/CAD, Still going long but Beware of brexit
As mentioned last week, we were waiting for a bullish evidence to go long, and this is what we did when we saw this beautiful pinbar on June 13th. For those who went long, you should watch out for bearish evidence to exit this trade.
GBP/USD, watch for priceaction near resistance, beware of BREXIT
GBP/USD Price at resistance zone 1.463-1.47, Watch out for bearish evidence and a potential move to the downside from this major zone.
Gold, we exited trade and waiting for evidence at zone
As mentioned last week we were waiting for a bearish evidence to exit our trade and this is what we did when we saw the price action on June 16th.
For those who entered the trade on may 30th, it s a nice 5:1 return on investment.
NZD/USD Price approaching zone
NZD/USD Price approaching strong zone 0.722-0.716, watch out for bearish evidence and a potential move to the downside from this major zone.
Reminder: This is educational and general information only (not advice or a recommendation)