FREE Weekly Forecast for 23rd -27th APRIL 2018




This week (23rd -27th APRIL 2018) we will analyze the following pairs: USDJPY, NZDUSD and NZDCAD.

 

USDJPY

I use the Fibonacci retracement tool to spot out possible areas for reversal and a ach coloured box to further make it visible.

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usdjpy forcast

The 100.0 mark on the Fibonacci shows the base line area, and we can see as price testing that area.

There are two possible outcomes here, either for price to break through that zone or to respect it and keep falling.

We cannot be certain of the future so, keep a clear eye for price movements

 

NZDUSD

The New Zealand Dollar and United States Dollar will likely bounce right up, check the picture below. I would not encourage you to open a sell order once the market opens this week, but to place a pending order below the 61.8 mark on the Fibonacci point.




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 nzdusd forecast

NZDCAD

Amazed on the how that “pin bar” form on the chart on the 50.0 mark, which is the traditional zone where price reverse. Without much blabbing, this is a buy, but waits for the price to fall a bit before moving in.

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nzdusd forecast

May your week be pipful.

 

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