My Weekly Trade Forecast (TA)
#EURUSD
Bulls: If bulls breaks resistance key level 1.13264, key level 1.15870 as the next immediate resistance will be exposed and that is a 260 pips potential long.
Bears: If bears breaks support key level 1.11778 we have about 1 360 pips potential short to next support key price level 0.97561.
Weekly Key Levels: 1.13264 is our weekly resistance and that is where price closed at the previous week, 1.11778 is our weekly support and that is where price supported the previous week.
#USDJPY
I am for a buy this week to price level 112.598 which is about 150 pips long position, 111.133 is my weekly support and price level 110.774 being my stop loss level.
How ever if bears breaks my weekly support price level 111.133 a short position of 150 pips to 109.638 and my stop loss will be 111.438.
#GBPUSD
Bull: if bulls break resistance key level 1.33806, key level 1.43443 as the next immediate resistance will be exposed and that is a 970 potential long.
Bears: If bears break support key level 1.30000 which is previous week support level we have about 370 pips potential short to next support key level 1.26051.
Weekly Key Levels: 1.33806 is our weekly resistance and that is where price resisted the previous week, our weekly support is 1.30000 and that is where price supported the previous week.
#USDCHF
The previous week we resisted at price level 1.01130 and broke minor support level 1.00464, i am expecting a test of minor key level 1.00647 then sell to price level 0.97483 my stop loss level will be 1.01221 and that is 300 pips potential short.
#USDCAD
I am for a buy entry price being 1.32174, stop loss 1.31173 and exit price is 1.39297 and that is 730 pips long. However if bears break price level 1.30808 the next level as support is 1.28386 and that is a 240 pips short.