We came from a very successful Non Farm Payrolls week as we took advantage on the dollar Employment Change in which the dollar has experienced some shortening. This beginning week is full of opportunities as we see some good price action in the markets price sets to prepare for long term price movements and continuations.
Gold Spot
XauUsd has shown some impressive selling as it faced rejection from the 1345 sell zone that was heavily expected by us in the recent weeks. We have experienced a very aggressive sell pressure on Gold since price reached our sell order level which caused price to easily break through the 1320 and 1301 support zones without any difficulty.
Price has found a minor support at 1285 and we looking for price to continue pushing up till it reaches 1320 zone before we can anticipate more selling entries as indicated on the analysis below.
Price has found a minor support at 1285 and we looking for price to continue pushing up till it reaches 1320 zone before we can anticipate more selling entries as indicated on the analysis below.
UsdChf
The dollar Swiss pair has shown some great deal of retracement back towards our sell zone in which we made some good profits selling from it, the return towards the sell zone is generally a stop run which prepares the market for even better selling opportunities.
ALSO READ: Dollar Swiss False Break at Resistance
The market pushed above our sell level orders above 1.00870 in which we anticipated selling positions pushing up to 1.01230 before quickly pushing back into our sell region. our target in trading the UsdChf pair is to reach our target level 0.964500 which is 500pips from the current price levels.
The dollar Swiss pair has shown some great deal of retracement back towards our sell zone in which we made some good profits selling from it, the return towards the sell zone is generally a stop run which prepares the market for even better selling opportunities.
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| Previous Trade Setup |
ALSO READ: Dollar Swiss False Break at Resistance
The market pushed above our sell level orders above 1.00870 in which we anticipated selling positions pushing up to 1.01230 before quickly pushing back into our sell region. our target in trading the UsdChf pair is to reach our target level 0.964500 which is 500pips from the current price levels.
UsdCad
The UsdCad pair has closed on a bearish note last Friday which well cause the pair to drop towards 1.33400 zone which will cause price to make a last push to the upside. our long term entries on the pair are expected at 1.35500 which will be our sell zone for the pair.
EurAud
We have a very good sell candle on the EurAud after price had pushed to 1.61200 zone last week and we looking for price to push to 1.55200.
NzdUsd
The market currently sits on above the bullish order blocks represented by the green rectangle. please look for price action buy signals on the pair as the pair will be buying soon.
We have seen too much selling on the AudUsd in the previous weeks which has caused the market to break below the 0.70650 support which has been holding price since the beginning of the year. This week we will be expecting some bullish movement on the AudUsd pair which will reveal the highs of 0.73550 again.
We believe that these setups will help you in your trading, please ensure that you use proper risk management in all your trading.
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