08 Feb Weekly Forex Forecast /Forex Technical Analysis And Forex Signals More (Feb 8th- 12th Feb 2021)
Get a Weekly Forex forecast of the major currencies at Pipsmake. Forex technical analysis, fundamental analysis and more in one place.
GBPJPY After an extremely bullish week the pound continues to push against the yen creating a powerful uptrend. Although now we have reached an extremely important resistance at the Daily time frame . Price mostly bounced bearish. Wait for better confirmation then takes trade.
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Gold is trading out of rising trend so we expect more downside move to 1765-1750-1680 levels in coming weeks, going to short it from 1820-1825 level.
EURUSD broke out from the horizontal support And is now having a pullback to retest the broken level-the falling resistance line is adding bearish pressure on the pair And I think that shorting from this level is a great trading idea Lets wait for the pair to reach the resistance level And then let it from a reversal pattern which we will short After a breakout!
EURJPY Still running with bullish momentum and this level not good for trade now. Wait for right confirmation then take trade.
NZDCAD also running in midpoint with no trade confirmation so we have to wait for perfect trade patter before take any trade here.
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