MARKETS TITAN

Weekly comprehensive analysis

for the period between May 15^th – 21^st 2016

previous week:

Well done, previous week we have seen addition to our medium term trade (GBP/NZD), however; we have seen some consolidation on the pair because the EUR/GBP and the GBP/JPY have reached the 50% retracement we have seen also, some bad economic news released from china which affected our trade negatively at the beginning of the week, then we got on the right track.

Next week:

Next week the sea is going to be quiet, nevertheless; we will face the GBP CPI which will surely affect our trade. However we except the effect wont be for long time , even if the actual numbers missed the expectations. On the technical side, it seems that the the the EUR/GBP and GBP/JPY looks to turn over, on the the hand it seems that the EUR/NZD and NZD/JPY are giving a kiwi bullishing indicators, so,

What I my favorite trade next week:

Due to the technical side we see that their wil bew a risk aversion from the GBP/NZD pair due to tuning of the UK CPI till Tuesday, If we get posisitive numbers I am going to continue on my way till the 50% reteracment of the GBP/NZD with TP 2.2640 and SL: 2.0400.

If the numbers are not so good, I am going to wait till the next week.

Good luck J

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info@marketstitan.com

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