|Weekly Setups by Admin - 27th Feb to 03rd Mar 2017
Note: If you're not using Newyork closed charts, please download terminal here and follow exact analysis.
XAUUSD - market in longways above key support level
The XAUUSD pushup from key support level from 4 weeks and major trend we find as bullish. We watch price to reach resistance level of trend line and join in market. We deeply watch price action at 1307 price level and enter in counter trend short position. If market moves higher highs above that level, we'll out from this pair and watch proper signal.
GBPJPY - Market in bearish momentum below key resistance level
The GBPJPY pair downtrend in high time frames and currently in slope down position. We have key levels at 138.80 where price action decides the momentum either pull back or retracement. Currently we're in short position to enter in market in coming up days. Close below at 138.80 will fall price to 129 level.
EURAUD - Market above key support level
The EURAUD lower from last weeks, following some small bullish bars in last 2 days. As we can observe price ready to retrace back to near key resistance level of 1.4075 and we go with long position from recent support level of 1.3700 price level with price action.
CADJPY - Market now at near term support level
The CADJPY now at key resistance level and fall down from past few weeks. We watch price action at 82.00 near term resistance level and enter in the market as per price action. As this pair is co-related to USDJPY pair, market mostly depends on US dollar index.
AUDCHF - Market now at near term resistance level
The AUDCHF now at key resistance level and formed some bullish pinbar at this level. We have support trend line near at 0.7450 and we watch price action at that level and enter in market. If we find any strong bullish bars above 0.7750 level, we wait till price retracement and enter in long position from that level.