Free Forex Blog | Weekly Analysis

Hello Price Action Traders.

Eur/Usd

The forex pair lived a week where price broke the trading range and closed the week just above the 1.3200 key level. For the next week I expect to see if price will be really weak closing the daily session below 1.3200 so this situation could be interesting for price action trader because it could be nice to look for short trading signals. If this market were to remain above 1.3200 you can review prices towards  1.3400, resistance area.

Gbp/Usd

Gbp/Usd formed within the last two trading days two inside days and a outside pin bar above the support at 1.5420. The bullish break of 1.5550 area could bring bulls to the market and search for resistance toward 1.5700.

 

Aud/Cad

The pair remains weak and closes the week under resistance at 0.9400. This area had been in the recent past a strong support area  of the trading range kept prices between 0.9400 and 0.9500. This breakout is interesting and you can then look for bearish momentum continuation on bearish 0.9350 area breaks. The first support  is the previosu low at 0.9200.

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