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Weekly comprehensive analysis
For the period (April 18th –april24th 2016)
www.marketstitan.com

Previous week:
WELL Done, I have achieved my previous week EUR/USD target. We have seen some fluctuations a range trading due to the incompatible oil news. Eventually the week had closed consolidating with most of markets due to the Doha meeting held in the 17th.
          Some buddies have asked me about the GBP/AUD and GBP/NZD trades that they are still dropping despite the fact that I have pulled out of this trade. The reason is pretty obvious in the next chart
             
You can see that the weekly chart for the GBP/NZD has a 78.6% retracement; in addition, a significant down wedge that will break out in the opposite direction sharply not less 4000pips!!! So I have to be cautious.

Next week:
              We were waiting for the Doha summit to watch what is going to happen, and as expected that Iran had pulled out; Which is going to be reflected positively on the USD PAIRS.
Next week we have a NZD important event (CPI and dairy milk auction), also we have a Euro major event which is the rate decision. So we should expect windy week!!!!!!!!
Coming days are a little bit nervous for some fundamental reasons, but let's have a look on the technical point of view. The Euro pairs are showing something interesting.
The chart shows the daily EUR/GBP daily chart with a two retracements levels for two rising trends that have identification around the 38.2% 5months trend and 61.8 %  2months trend.

Previous chart is for EUR/USD which shows identifications in two Fibonacci retracements levels of two rising tends, and the next level that is going to be tested is 23.65 of 4 months rising trend and 38.6% of 2months rising trend at 1.1190.

EUR pair is forming rising wedge that accompanied with the falling wedge chart of GBP/NZD chart1, GBP/AUD and AUD/USD.
Thus, we had came to the conclusion that the long term falling EURO accompanied with reversing AUD-KIWI currencies
My next week`s trade:
          Usually when I am expecting US or EUR interest rate decision, I am going to keep cool and steady that week and not beginning a trade until I rates are published.
In case of the ECB decided to keep the rates or cutting it, I am going to be shorting the EUR/GBP with TP: 0.7833 and shorting EUR/USD with TP: 1.1185
Happy trading and good luckJ


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