FREE FOREX TRADING WEEKLY ANALYSIS

Hello Price Action Traders.

Eur/Usd

During past week the price of eur/usd keep consolidating between 1.3000 and 1.3150 doing a false bullish break of 1.3200 before retracing back to 1.3050 in the last hours of friday session.  The week closed bearish forming one of my forex trading signals. The bearish break of 1.3000 could have bear implications taking price to 1.2800 area.

 

Gbp/Usd

Gbp/Usd ends week at 1.5230 area giving price action traders short chances. There is a clear price action trading signal of my trading method.  For this market the bearish break of 1.5210 can push down the price where the first support zones are 1.5080 and 1.4830.

S&P 500 cfd

The American S&P 500 index closes the week more bearish than the previous week. This could tell us that the index could be going into a period of decline. The price see the formation of one of my price action trading signals. Inside day so the break of 1,535 area could come back strong bears on this market. The next support zone is the support placed at 1,500.

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