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Weekly Analysis

Forex Technical Analysis: Weekly Analysis on Major Pairs, Gold, Bitcoin – 14th Feb 2022

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Weekly Analysis on Major Pairs, Gold, Bitcoin

  • 15th Feb – USD – FOMC Member Bullard Speech, EUR – ECB President Lagarde Speech, AUD  –  Monetary Policy Meeting Minutes and ZEW Economic Sentiment, USD  – PPI & Core PPI & Empire State Manufacturing Index. 
  • 16th Feb – GBP & CAD – CPI, Retail Sales & Core, USD – Industrial Production & Crude Oil Inventories 
  • 17th Feb – USD – FOMC Meeting Minutes, AUD – Employment Change & Unemployment Rate, USD –Philly Fed Manufacturing Index & Unemployment Claims, ALL MAJORS – G20 Meetings 
  • 18th Feb – USD – FOMC Members Bullard & Mester Speech, GBP – Retail Sales, CAD – Retail Sales & Core, USD – Existing Home Sales 

For fundamental insights check the weekly market outlook and the key data releases releases on the economic calendar.

Weekly Analysis and Levels for the Major Pairs

Technical analysis and trade ideas for the major currency pairs, gold, and Bitcoin, can be used to establish suitable objectives and manage risk by identifying regions in a chart where the price is expected to approach.

  • EURUSD, expecting the price to continue to drop to test the 1.13000 level and rises back to test the 1.13800 level.
  • GBPUSD, if the price able to close above the 1.36000 level this week then the next possible level for the price to test will be the 1.37000 and 1.37500 level which is the next confluence area.
  • AUDUSD, if price able to close above the 0.71700 level this week then the next possible level for the price to test will be the 0.72700 and 0.73000 level which is the next confluence area.
  • NZDUSD, if price able to close above the 0.67000 level this week then there is high probability for the price to rise further to test the 0.68000 level.
  • USDCHF, expecting the price to continue to drop to test the 0.91800 and 0.91500 level.
  • USDCAD, expecting the price to continue to rise and test the 1.27700 before continue to drop to test again the 1.26500 level.
  • USDJPY, if the price able to close below the 114.500 level this week then there is high probability for the price to drop further to test the 113.500 level which is the next confluence area.
  • GOLD, There is two possibilities, if the price able to close above the 1870 level this week then the next possible level for the price to test will be the 1900 level.
  • Finally, BTCUSD, if the price able to close above the 43700 level this week then the next possible level for the price to test will be the 46200 and 52000 levels which is the next confluence areas. 
DISCLAIMER: The publication of market analysis is a marketing communication and does not constitute investment recommendations. This content provides a general views of our experts and does not consider the individual circumstances, investment experience or current financial situation. AximTrade is not liable for any losses incurred due to the use of analysis.
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. 

Learn More about Forex Technical Analysis

Forex analysis is one of the main skills for forex traders to be successful in their trading careers. The main function of analysis is to analyze the financial markets using different methods and indicators to identify the price movement. One of the main approaches is technical analysis since most successful forex traders rely on this type of weekly analysis to study the market. In the forex market, traders can use forex news and analysis to analyze the major pairs, Gold, Bitcoin, and cryptocurrencies.

AximTrade offers forex weekly analysis and FX news for traders by experts on Major Currency Pairs, Gold, and Bitcoin. AximTrade is a fast-growing brokerage service provider and award-winning platform with one of the best CopyTrade platforms in the trading world. AximTrade, the forex broker provides a dynamic and highly efficient trading environment to enable forex traders with easy-to-use technology, fast payment methods, educational resources, market analysis, varieties of forex bonus promotions, and highly competitive trading environment with the best trading conditions.


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