PRICE ACTION FOREX TRADING | WEEKLY FOREX NEWS

Hello everybody.

Here i come with the usual weekly trading outlook:

Aud/Usd

Last Thursday the pair showed a long signal on the daily chart. Friday confirming with the previous highs breaking. So I can expect a continuation of the trend. We need to be careful, however, because we are next to the 1.0600 resistance level, which for now has been the wall for buyers. The break of this level would give the price of the incentive to continue the upward movement of at least two figures. The bearish breakdown instead would push bears on the market.

 Eur/Usd

The most forex traded pair  shows a price action naked signal. In fact, Friday the price closed the session with a  inside day. The short term trend is obviously long. The bullish breakout of 1.3060 would validate the signal that has as its profit target 1.3370 area.

 Nzd/Usd

The Kiwi, correlated strongly with the aussie, has shown a strong price action naked signal  last Thursday off of the daily chart as we’ve seen here on my  blog. Friday,  price broke upwards and has validated the signal. I expect an extension of the price toward the area between 0.8400 and 0.8500.

Us Oil

The price of WTI OIL  has declined significantly in the last trading week. Now we can wait for the price to 94.50 area to understand what to do. A short signal on this level would be a great selling point while a strong push above this level on a closing daily base would see buyers still on this market.

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 naked trader subscribing to this link:

http://www.hereforexnaked.com/forex-trading-signals-analysis
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FROM A REAL TRADER TO REAL TRADERS

Arduino

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