FOREX - My weekly trade analysis of major currency pairs for week 3rd

FOREX - My weekly trade analysis of major currency pairs for week 3rd - 7th Oct 2016

1.1K followers

Updated 8 years ago

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!

Create Your Free Wealthy Affiliate Account Today!

4-Steps to Success Class

One Profit Ready Website

Market Research & Analysis Tools

Millionaire Mentorship

Core “Business Start Up” Training

Recent Comments

New message...

MPollock

8 years ago

Great advice and share, thanks,

mybiz4u

8 years ago

Thnx for the outlay, Fx
Michelle

johnwai

8 years ago

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,

FxBinaryOpt

8 years ago

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

With-Kev

8 years ago

What about the NZD/USD? I am short and wait for it to break support.
Cheers Kev

FxBinaryOpt

8 years ago

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.