FREE Weekly Forecast for 11th JUNE – 15th JUNE 2018




Welcome to another new week, this week we will examine how these four pairs (NZDUSD, AUDUSD, USDCHF, GBPUSD)  will perform, note that the analyzes below is my assumption of what will might likely happen this week so apply money and risk management.

NZDUSD

The New Zealand Dollar and United States Dollar had a great fall for weeks, it is slowly recovering but it has reached an assumed support zone at the 38.2% Fibonacci level and I expect NZDUSD to respect that level and drop to 23.6%. When placing this trade you have to be careful of spikes and set your Stop Loss and Take Profit on key zones or level




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NZDUSD
NZDUSD




 

AUDUSD

Looking at the support and resistance, Australia Dollar and United State Dollar is heading downwards. I confirmed it using the Fibonacci Retracement Tool, I hope it reach the 0.0% level before the bulls run in

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AUDUSD
AUDUSD




 

USDCHF

At 100.0% Fibonacci level  we saw an excessive supply of USD and a demand for CHF, which made the bears to come in and drive the pair down and I expect this pair to fall more but I think there will be a little support at 0.97462

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USDCHF
USDCHF




 

GBPUSD

The Great British Pounds and United State Dollars is a little bit on the confusing side  this week, looking at the chart below we can see that price has reached the 50% Fibonacci level, normally this is a sign of reversal but most time not. Therefore, I will advise any trader trading this pair to wait and observe the market before diving in.

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This is the end of the analysis for this week, please when using the trade advice on this website use it with a good money management and use your Stop Loss and Take Profit effectively.

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