This week seems to be a much simple week in which setups are galore in both technical and Fundamental analysis view. we will be looking for possible trade entry opportunities in which we will be looking for sizable profit opportunities.
Fundamental Overview
This weeks we have three news event opportunities to trade which are as follows.
1. Official Cash Rate (NZD), On Wednesday we looking for a Bearish Impact on the New Zealand Dollar as the given there is no change in interest rates.
2. GDP (USD), On Thursday we looking for a Bullish Impact on the US Dollar as the previous value and the given forecast is very much below the Estimate Average Range.
3. Retail Sales (USD), On Friday we looking for a Bullish Impact on the US Dollar as the given forecast is very much below the Estimate Average Range and previous very low.
Technical Setups
Below is a couple of setups by our skilled team of traders, irrespective to our success rate please remember stick to a proper risk management in your trading.
UsdCad
The dollar CAD pair is currently finding rejection on the 61.8 fib zone which will likely cause a sell off on the currency pair, currently we have an outside bar pattern formation.
AudUsd
GbpUsd
Fundamental Overview
This weeks we have three news event opportunities to trade which are as follows.
1. Official Cash Rate (NZD), On Wednesday we looking for a Bearish Impact on the New Zealand Dollar as the given there is no change in interest rates.
2. GDP (USD), On Thursday we looking for a Bullish Impact on the US Dollar as the previous value and the given forecast is very much below the Estimate Average Range.
3. Retail Sales (USD), On Friday we looking for a Bullish Impact on the US Dollar as the given forecast is very much below the Estimate Average Range and previous very low.
Technical Setups
Below is a couple of setups by our skilled team of traders, irrespective to our success rate please remember stick to a proper risk management in your trading.
UsdCad
The dollar CAD pair is currently finding rejection on the 61.8 fib zone which will likely cause a sell off on the currency pair, currently we have an outside bar pattern formation.
AudUsd
GbpUsd
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