Week ahead – EURAUD, EURGBP, USDCAD

Out of the mentioned three I like the most from technical point of view the EURAUD pair. Although there is an intervention factor playing against AUD strengthening the technical picture is clear. BEARS are pressuring the pair towards 2400 and bulls are defending nicely 2375 – 2400. It seems that BEARS are pressing more creating a new lower high. From the pattern point of view we have a triangle forming. 3 taps on the ascending trendline created an obvious trend. At the moment I just like the pressure and the pair has a potential of breaking down possibly 100+ pips.

EURGBP is providing a nice SELL ZONE. Bearish signal there would be a great place for possible SHORT trade. USDCAD is just a trade I like to watch for its descending trendline. 5taps are highlighting the intensity of the trend. If broken I would play it as a retrace (kiss your mamma kinda trade).

Have a great trading week 😉