Weekly Analysis on Major Pairs, Gold, Bitcoin
- 24th Jan – EUR – German Flash Services & Manufacturing PMI, GBP & USD – Flash Services & Manufacturing PMI
- 25th Jan – AUD– Consumer Price Index, EUR – German ifo Business Climate, USD – CB Consumer Confidence.
- 26th Jan – CAD – BOC Monetary Policy & Interest Rate Decision, USD – Crude Oil Inventories
- 27th Jan – USD – FOMC Statement & Press Conference, NZD – Consumer Price Index, USD – Gross Domestic product, Durable Goods, Unemployment Claims & Pending Home Sales.
- 28th Jan – USD – Core PCE Price Index & Revised UoM Consumer Sentiment
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, If the price able to close above the 1.13800 level this week then the next possible level for the price to test will be the 1.15000 level.
- GBPUSD, expecting the price to drop and test the 1.35000 level before start rising and 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 1.37300 level.
- AUDUSD, expecting the price to break the support 0.71700 level and test the 0.71000 level before start rising and if the price able to close above the 0.71700 level this week, then the next possible level for the price to test will be the 0.73000 level.
- NZDUSD, If price able to bounce from 0.67000 level then there is high probability for the price to rise and test the 0.68000 level and if it closes below the 0.67000 level then the next possible level for the price to test will be the 0.66000 level.
- USDCHF, if the price able to close below the 0.91000 level this week then the next possible level for the price to test will be the 0.90500 level.
- USDCAD, expecting the price to make a pullback and test the 1.26000 level before continue to drop further to test the 1.24000 level.
- USDJPY, if the price able to close below the 113.500 level this week then there is high probability for the price to drop further to test the 112.500 level.
- GOLD, if the price able to close above the 1850 level this week then there is high probability for the price to continue to rise further to test the 1870 level.
- Finally, BTCUSD, expecting the price to make a pullback and test the 37500 level before continue to drop further to test the 30000 level.
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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.
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