Forex Strategies | Weekly Analysis

Hello Price Action Traders.

Eur/Usd

The forex pair began past week to break down major levels, first and foremost 1.3200. The week closed under this area, precisely at 1.3175. After the Double Top Lower Close ( typical trading signal of my method) I will expect a continuation of the downtrend in the next days and then expect the 1.3000 support area soon. Only the bullish violation of 1.3230 area could bring uncertainty and laterality in this market.

 

Usd/Jpy

The pair last week broke up the 99.00/98.50 area and closed above this for the end of the trading week. For all the price action traders outn there it could be nice a clear trading signal  at 98.50 to look for an extension. The first key resistance area is located at 101.00.

Xag/Usd – Silver

The silver spot market is well set to continue the bullish short term trend  very evident in the daily bar chart. In this case the break of $ 24.00 zone would give even more solidity to my technical analysis that in the short term the first key resistance point is $ 26.80.

 

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