Some thoughts for upcoming week – USDCHF, GOLD, CADJPY and AUDJPY
Hope everyone had a great weekend. Nice and fresh restart is important for every trader. I am going to post just a few thoughts I have. Gold dropped rapidly, JPY pairs are reversing slowly creating round top especially AUDJPY pair. I havent place any order yet because there is no clear sign of a pattern. Tomorrow I will be particularly interested in USDCHF, GOLD, CADJPY and AUDJPY. I am very interested in the area of 90.50 +-10pips and future price action around this level. This pair has been forming a strong resistance around this level (rising triangle overall) and I will be watching it closely. My opinion is a reverse and move south (cca 300pips). For more see gallery.
In terms of fundamentals most releases will be from UK and US.| CALENDAR | |
| MON | 1x GBP |
| TUE | 2xGBP, 1xCHF, 1xUSD |
| WED | 2xUSD, 1xGBP, 1xEUR |
| THU | 1xGBP, 2xUSD |
| FRI | none |
Have a great trading week.
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