FOREX - My weekly trade analysis of major currency pairs for week 3rd - 7th Oct 2016
Please note that this coming Friday is Non Farm Payroll or NFP... Trade with cautious.
EURUSD - This past week saw no major gains or losses. I do not foresee any major differences in price movement this coming week.
EURUSD - Neutral
GBPUSD - This past week also has not seen any significant price action. I don't expect there to be any major news (except NFP) that will affect the price this week.
GBPUSD - Neutral
USDCHF - There was a constant fight between the Bulls and Bears, with the Bulls Friday taking control. I expect this week to have more highs than lows and see more gains in price.
USDCHF - Bullish
USDJPY - This past week saw a steady increase in price from start to finish. I expect there to be a steady climb in price this coming week with a drop in price by the end of the week.
USDJPY - Bullish
USDCAD - This past week saw a gradual drop in price with a few spikes. This coming week does not look like there are any clear directions on which way the price will go.
USDCAD - Neutral
AUDUSD - The past two weeks overall have seen a steady rise in price with Thursday and Friday beginning to see a reversal. I expect this week to see a steady drop in price.
AUDUSD - Bearish
If you have any questions, comments or opinions regarding my weekly trade analysis, comment down below! Don't forget to leave a LIKE too with much appreciation!
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Recent Comments
12
Hi,
Are you a technical, fundamental or sentimental trader. I'm still learning to be profitable in this field. I trade price action. Would be cool to share ideas.
See you around.
John,
Hi John,
I'm trained as all above you mentioned as a trader. A full time Forex/Binary Options trader. I use indicators and price action to analyse my trades. Uses each in different market condition and short/long term trades. Pleasure to help.
Christopher
In my analysis, it's more likely to range for few days and break the current support to go bearish. Going short is a better long-term trade. Hope this helps, Kev.
FYI, they're all Major currencies' pairs only. I'm glad I've help. Thanks for the visit, Mel. Have a great Sunday!
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Great advice and share, thanks,