08 Dec Weekly Forex Forecast – Forex Technical Review (9th December – 13th December)
Weekly Forex Analysis
CHFJPY Created a double top on the Daily Time-frame and we Expected that push to the downside for this pair.On the the other-hand, we are at a great support zone + a Daily Trend-line retest for a long on this position.If you want to Follow this analysis, ONLY ENTER the market once the market shows a good rejection of trend-line + support zone (CLOSE ABOVE ON DAILY) ! Thus said with a very good R/R you could open a buy to the given targets on chart. You can join with our paid signal channel on Telegram we have been the most consistent reliable Forex signals service in world. Join us and change your life If you want daily profit then you can join with us and get 90% profitable trade always. For more info about our paid group > inbox us or select our service package Click here Forex Signal, Forex Trading , Forex Best Signal Provide
AUDUSD is currently forming a triangle formation on the daily and weekly chart which is predicting a change in direction from its bearish movements over the past few months. It has hit a strong support level on the weekly and daily chart around the 0.66736 price point indicating a bullish trend may soon be in favor.Looking at our chart, I advise waiting for the price to hit our Fibonacci 0.618 level at 0.67734 price point before opening a buying position.Looking at fundamentals for the week going forward. The RBA Governor for the AUD is scheduled to speak at 10:05pm. Traders will keep a close eye on this speech as he has more influence over the nations currency value than any other person and may trigger our bullish movements we are looking for, expect sharp movements. With further USD news due in the week we will be keeping a close eye on this pair waiting for its change in direction.
NZDUSD: Possible going down as price completed wave B, and its just at the level 61.8 (golden ratio). Price may reverse to downside.
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