Weekly Comprehensive Analysis
For the preiod of April (25-30) 2016
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Previous week:
Congratulations, we have acheived about 170 pips in the EURGBP TRADE and about 50 pips with the EUURUSD. As we have said those pairs were consolidated before the ECB decision after the speach it breaks out. Aslo we have seen the GBP NZD breaking the down wedge pattern tbat we have mentiotioned in the previous week.
We also ha e seen the GBP AUD pair as a heighly correlated pair has tested 50% retracement and failed to break it with two pin candle and a reversing hummer:-
If we added to that the major pair according to the MFI indicator, we will find that EUUR GBP we will find that has ended the rising trend by failing to break the 61.8 percent and retreating as found in the next photo, which gove uus a clear indication towards a rising GBP:-
On the other hand, we can find a clear sign of falling AUD through the EUURAUD pair which had reached the bottom of the rising trend to continueto the upward as stated in the next photo:-
IN additin to that EUR USD has a symetric falling pattern, if we added to that the consollidated AUD USD pattern we can realise the fathing AUD
We also ha e seen the GBP AUD pair as a heighly correlated pair has tested 50% retracement and failed to break it with two pin candle and a reversing hummer:-
If we added to that the major pair according to the MFI indicator, we will find that EUUR GBP we will find that has ended the rising trend by failing to break the 61.8 percent and retreating as found in the next photo, which gove uus a clear indication towards a rising GBP:-
On the other hand, we can find a clear sign of falling AUD through the EUURAUD pair which had reached the bottom of the rising trend to continueto the upward as stated in the next photo:-
IN additin to that EUR USD has a symetric falling pattern, if we added to that the consollidated AUD USD pattern we can realise the fathing AUD
Next week:
Next week we have a punch of imoortant events AUD CPI GBP, GDP, and the most important is the FED interest rates. It will be a windy week. Of course it is unexpeced to see any changes.
My favorite trade next week:
We will see some disturbance in the next week till the fed dicision, so, as the previous week i am goona wait untile the rates then i am gonna step in longing the GBP NZD with tp: 2.1360
Good luck and happy traging
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