Some pairs I like for upcoming WEEK
I have been doing my weekly research and I am observing some changes in the momentum of these pairs:
USDCHF – SHORT, S/R wait -> get in blue zone, retrace or buy on heavy PAUSDJPY – SHORT, neutral zone -> retrace on 50 and S/R -> possible buy on pullback
EURJPY – LONG/SHORT, S/R wait -> double TOP approaching buy on heavy PA otherwise sell
NZDUSD – LONG/SHORT, neutral zone -> approaching MA200, MA50 on H1, previous R –> watch PA As the saying goes, a picture is worth a thousand words, see image gallery. As for fundamentals there is not much planned this week on JPY side or NZD side. On the other hand we have lot of fundamentals from USD like Core Durable Goods Orders m/m, Unemployment Claims, Fed Chairman Bernanke Testifies, New Home Sales, Prelim GDP q/q, Existing Home Sales. It seems that this week might decide the future of rising $INDEX.
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