End of Week Forex Analysis August 15

Hello Traders!

This is my End of Week Forex Analysis Video:

Have a great weekend!

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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AUDJPY Price Action Outlook

Hello Price Action Traders.

AUD/JPY

The AUD/JPY is trading sideways since April, failing to break the 96.090 resistance.
That level has been tested nine times and held but bulls are willing to buy dips. Looking at the Price Action, the pair formed a Pin Bar on Friday rejecting the 200 SMA. This might be a clue for a short term trading idea if the price breaks above the candle’s high. Resistance could be found at the 95.180 level.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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End of Week Forex Analysis August 8

Hello Traders!

This is my End of Week Forex Analysis Video:

Have a great weekend!

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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EURJPY Price Action Signal

Hello Price Action Traders.

EUR/JPY

The EUR/JPY extended gains Friday making a spike above the 137.70 level but closed below it for the third consecutive day. In addition, the pair formed a little Pin Bar after an Inside Candle showing some signs of weakness. Looking at the Price Action, this could be an opportunity for a sell if the price turns back below the previous low. Keep in mind, however, that there will be the ECB’s Interest Rate decision this week.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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End of Week Forex Analysis August 1

Hello Traders!

Take a look at my End of Week Forex Analysis!

Happy Weekend and stay tuned!

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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GBPUSD Overview

Hello Price Action Traders.

GBP/USD

The GBP/USD keeps falling since July 16 after the rejection of the resistance at 1.71650. Today the Cable has violated the bullish trendline showing a sign of weakness and has reached the 1.69 zone. In the daily chart 21 exponential moving average maintains a strong bearish slope. Furthermore, the better than expected US GDP data (QoQ, 4% vs 3.0% cons.) boosted the Dollar. However, I would wait for a Price Action signal before placing an order. On the upside, resistance resides at the 1.69950/1.70 area. Further down, support lies at the 1.68200 level.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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End of Week Forex Analysis July 25

Hello Traders!

Take a look at my End of Week Forex Analysis!

Happy Weekend and stay tuned!

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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AUDNZD Overview

Hello Price Action Traders.

AUD/NZD

The RBNZ increased the interest rate to 3.5% but the NZD fell. The reason is that it is the fourth time in a row that rates have been increased, therefore, the market has already priced in the news. “Buy the rumors, sell the fact“. The bank also reiterated that it does not believe the exchange rate is sustainable at current levels. As a result, the AUD/NZD skyrocketed for more than 100 pips and is currently trading above its 200 SMA. The pair has also passed the 1.09445 level so next resistance could be found around the 1.10100 zone.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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NZDUSD Price Action Outlook

Hello Price Action Traders.

NZD/USD

The NZD/USD keeps falling from the 0.8835/40 level (high of 2011) trading under its 21 EMA. On Friday the Kiwi bounced on the 0.86500 area and retraced. Yesterday the pair formed a daily Pin Bar rejecting the 38.2 Fibonacci level. Overall, the short term outlook is bearish, so a breakdown of the pin’s low might be a clue for a sell. Keep in mind, however,  that there will be the Interest Rate Decision on Wednesday July 23 for the New Zealand Dollar.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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EURAUD Technical Analysis

Hello Price Action Traders.

EUR/AUD

The EUR/AUD keeps falling since the Head & Shoulders reversal took place in the beginning of the year. Since June 12, the pair has been maintaining a bearish flag and the last daily candle closed below the bearish continuation pattern. That could be a clue that we’re getting a breakdown and, therefore, a resumption of the downtrend.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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