EURUSD, the next possible level is 1.19000 level. On GBPUSD, If close below 1. 37600 level is broken, then the next possible level will be 1.36800, if not price may rise to 1.39000 level. EURUSD, if close above 1.18450 level this week the next possible level for the market to test is the 1.19000 level. On GBPUSD, there is a high probability for the market to drop till 1.36800 before start rising to test the 1.39000 level. On AUDUSD, expecting a correction move towards 0.74500 level. On NZDUSD, there is a high probability for the market to test again 0.69400 level before start rising to test the 0.70900 level. On USDCHF, there is a high probability for the market to test the 0.91000 level this week and if broken then the next level will be 0.90500. On USDCAD, the price is expected to drop, to test the 1.24700 level. On USDJPY, the market is expected to test the 110.700 level before dropping to test again the 109.900 level. Finally, on GOLD Trading, there is a high probability for the market to test the 1820.00 level this week and if broken then the next level will be 1845.00.
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 technical analysis and start trading
Learn technical analysis to master the most common method used by investors to analyze the financial markets and predict the price movements. The main benefit of learning forex technical analysis is to identify the relationships between price/volume and market indicators such as the moving average and MACD, etc. Why technical analysis is important for forex trading? According to studies, most successful forex traders rely on technical analysis to study the market. In the forex market, traders can use technical analysis to analyze the major pairs, Gold, and cryptocurrencies.
AximTrade is a fast-growing brokerage service provider in the global markets with a highly advanced CopyTrade platform that always all types of traders to enter the market. Check for more information about the AximTrade regulation review, and the trading conditions. Additionally, the company 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 a highly competitive trading environment with the best trading conditions.