Forex Weekly Forecast / Forex Trading And More (May 3-7th May 2021)

Forex Trading

Forex Weekly Forecast / Forex Trading And More (May 3-7th May 2021)

Forex Trading

Weekly forex outlooks and Forex Trading  forecasts ▻ including currency technical analysis for the USD, Euro, British pound, Japanese yen, Australian dollar, Gold , Silver .

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Gold monthly candle has just been close below the monthly strong supply level . Also it has created a head and shoulder pattern on the daily time frame meaning Gold is going to fall down to the next demand zone .

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Forex Trading

Last Friday was very bearish for EURUSD. We see a high momentum bearish candle on a daily time frame and -0.9% net decline. Ahead is a strong daily structure support . Depending on the reaction of the market to that structure, we have two completely opposite plans to trade.

Forex Trading

USDCAD the price showed a good downward movement – this often happens after false breakouts. The price even ignored the line at 1.234 and went straight to the lower support line. Now I’m waiting for growth. This is a good buy signal.

Forex Trading

USDCHF last week was trading on a range and Wednesday it broke out of the range before closing on Friday with a candle close into the range. For now we anticipate a move to test the resistance of the range. A break out of the resistance will be our buy confirmation for a continuation.

Forex Trading

GBPNZD Still now running with Bearish  movement and price try to take next support level before goes up. So you have to wait for next buy opportunity there.

Forex Trading

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