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Comprehensive weekly analysis
For the period between February 1st -6th, 2016

Previous week:
        JCONGRATULATIONSJ  GBP/AUD has achieved about 1400 pips from the beginning until now, EUR/AUD achieved about 200 PIPs, and EUR/NZD is seeing some consolidation. Previous week have seen many big events, but the biggest one was the Fed rate decision. As we said previously it is very hard to expect another raise as all the fundamentals are against it, moreover this will lead to unbalance in all markets. Yellen gave us a strong indicator for none raising the interest rate for at least two times by saying “Inflation is expected to remain low in the near term”, also she added “The Committee is closely monitoring global economic and financial developments” which means that there are other international developments could affect the committee decision as China.
Next week:
        We have 2 major events. On Thursday the ARB releases interest rate decision, and the NZD unemployment rate. We have the USA nonfarm payrolls. It is highly expected that we will see another jump in the number of the employed people, but we should be ready to the other scenario. On the technical side most charts will see some consolidations.
How am gonna trade?
Now, we have two cases, first: our medium term trades and they are explained as following:

1-  GBP/AUD short: I am continuing n my way; however I may face some kind of divergence in this week. I have gained 1400 pips and my target now is 1.9850 with SL: 2.070.


2-  EUR/AUD short: I have won 200 pips till now from this trade, and I may face his week some kind of consolidation, because I am at support level. My target is 1.5150, and SL: 1.5500.

3-  EUR/NZD short: still consolidating, and it will continue like that next week, so be patient. My target is 1.6000 with SL: 1700.

-Secondly: on Friday we have the nonfarm payrolls and the unemployment rate, this is a major event we should get benefit of it as following:
        1- If the numbers are overestimations, I will be going long with USD/JPY for a short period (expected from 200-300 pips).
        2-if the numbers are underestimated; I will go long AUD/USD (expected 150-200) pips.

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Good luck for all and happy tradingJ
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