WEEKLY PRICE ACTION FOREX TRADING OUTLOOK

Hello Naked Traders.

Here below you can read my usual price action anaysis for the week ahead.

Eur/Usd

Eur/Usd pushed upward in the week just passed but did not succeed in breaking the 1.3400 resistance area. For the next week I would see more long ideas if the price were to return to 1.3250 or 1.3150 area and show a bullish price action naked signal.

 

Eur/Jpy

Eur/Jpy, like all paired with Japanese yen, is in a strong positive momentum that hasn’t seen a strong pullback yet. In order to prefer working in the direction of the main daily trend I look for buying signals in the first two support areas at 117.00 and 114.50. Buy at current levels it’s not a good idea so just wait for some pullbak and buy the swing!

Us Crude Oil

WTI oil, after the two Pin bars of last week, has started a bullish movement that has stopped this week just below the $ 96.00. The resistance is at $ 97.50 area. For the next week I look for a long signal. I’d like to see a return of prices to the downside and have a bullish price action naked signal between  $ 94.00 and 93.50 area.

 

It’s all for today!

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