The closing of last week
was very event full in the FX world. Although we had a bank holiday
on Thursday and Friday in US
market (due to thanks giving), Fridays close gave many trend reversal
signals to the main pairs. More specifically we have now a verified
uptrend in EURUSD, EURJPY, AUDUSD and nice breakout at Gold as well! Below is
my weekly analysis
EURUSD: The pair gave a buy signal on Friday! It has entered in an uptrend mode in both daily and weekly. Most probable target now is 1.3500
EURJPY: This pair continues to be in a strong uptrend getting favoured by the rise in euro and the weakening in the yen .As I said last week since the pair managed to break the 104.70 resistance is now targeting 107 and then 110.
EURAUD: The pair gives mixed signals with the bear bias still being the stronger. As I said last week only a break of 1.2420 would change the trend and give a strong buy signal
EURCHF: The pair is in the dark bear zone. Strong down (again after a small break of a couple of months the indicators have turned red again)
USDCHF: As I have already mentioned this pair is the alter ego of EURUSD. As a result since EURUSD gave a buy signal this gave a sell.
GBPUSD: This was the pair that favoured the list by the risk on mentality last week. Still in a downtrend but with not any momentum left at the moment. Not a very clear picture
USDJPY: The star of the last few weeks. The pair is continuing its strong uptrend in full throttle! All indicators are at buy mode. I expect to reach 84 next week and then 92 in the following weeks after
AUDUSD: Last week the pair did not have a clear picture. However, since the closing of last Friday it has given a strong buy signal. First target 1.0620 and then 1.0800
EURUSD: The pair gave a buy signal on Friday! It has entered in an uptrend mode in both daily and weekly. Most probable target now is 1.3500
EURJPY: This pair continues to be in a strong uptrend getting favoured by the rise in euro and the weakening in the yen .As I said last week since the pair managed to break the 104.70 resistance is now targeting 107 and then 110.
EURAUD: The pair gives mixed signals with the bear bias still being the stronger. As I said last week only a break of 1.2420 would change the trend and give a strong buy signal
EURCHF: The pair is in the dark bear zone. Strong down (again after a small break of a couple of months the indicators have turned red again)
USDCHF: As I have already mentioned this pair is the alter ego of EURUSD. As a result since EURUSD gave a buy signal this gave a sell.
GBPUSD: This was the pair that favoured the list by the risk on mentality last week. Still in a downtrend but with not any momentum left at the moment. Not a very clear picture
USDJPY: The star of the last few weeks. The pair is continuing its strong uptrend in full throttle! All indicators are at buy mode. I expect to reach 84 next week and then 92 in the following weeks after
AUDUSD: Last week the pair did not have a clear picture. However, since the closing of last Friday it has given a strong buy signal. First target 1.0620 and then 1.0800
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