This forex analysis is for the week (26th -30th March 2018) Last week we made some profits from the following pairs AUDCHF, CADCHF, AUDJPY, CADJPY and today we will analyze just two pairs which are NZDUSD and CADJPY.
Before I precede further NOTE that I give the general direction a pair might probably move to in that week. Let me give an example, if I say EURUSD might be a sell, there is a probability that the pair might move to a buy. But the general direction for that week might be a sell.
The Importance levels to watch out for on this pair are the same with last week which are 0.74326 –which has serve as a resistance, 0.73316 – which has serve as both support and resistance, next is 0.71767 which serve as a powerful support. Just the Fibonacci retracement levels 100.0 and 61.8.
But there was a likely pin bar that formed last Friday. I would advise traders to wait and bundle there seat belt for the ride…wait till Tuesday or Wednesday just to be sure before pulling that trigger like a sniper