Weekly trade idea on USD/CAD
Week: 18-22.01.2021
Key event: CAD. Interest Rate
The interest rate at which major financial institutions borrow and lend overnight funds between themselves;
We expect a similar reading to the previous month.
Until release day, we expect a continuation of the actual trend. A negative surprising data value could reverse the actual trend direction.
Key Levels:
- Resistance 1.2800, 1.2900
- Support 1.2635, 1.2530
Trend USD/CAD:
Bearish
Last week, Price broke important support levels and closed with a bullish engulfing candlestick. We can expect some bullish pressure or consolidation at the beginning of next week.
Call to Action/Trade Idea
We will look for any opportunity to join the bearish trend. Any retracement or pullback. Only an unexpected important negative release might overturn the actual bearish trend.
A chart of the growth of your trading account, or a table with monthly and yearly returns.
Weekly trade idea on EUR/USD Week: 25-29.01.2021
Key event: USD. Interest Rate
The interest rate at which major financial institutions borrow and lend overnight funds between themselves;
We expect a similar reading to the previous month.
Until release day, we expect a continuation of the actual Bullish trend. A positive surprising data value could reverse the actual trend direction.
Key Levels:
- Resistance 1.2300
- Support 1.2070, 1.2000
Trend EUR/USD
Bullish
Price reacted to 1.2300 key resistance level and it is ranging now between 1.2070 and 1.2300.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend. Any retracement or pullback. Only an unexpected important positive release might overturn the actual trend.
Hello Saul. I will follow this thread with interest.
Hello. That is a very nice thought. I hope you’re able to help other traders here. Good luck.
Weekly Trade Idea for EUR/USD
Week: 1-5.02.2021
Key event: USD. Non-Farm Payroll
The number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank.
We expect a higher reading than the previous month.
Until Friday, we can expect a light strengthening of the USD against other currencies. It would require a very positive surprising release for the USD to really strengthen against other currencies.
Key Levels:
Trend EUR/USD:
Bullish/Neutral
Price is ranging between 1.2300 and 1.2070. Last week, the price closed near support with a rejection of them.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend. We might see a retracement to 1.2000 support levels. From there we will look for buying opportunities.
1 Like
Weekly Trade Idea on GBP/USD
Week: 8-12.02.2021
Key event: GBP. Gross Domestic Product
The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative.
We expect a similar reading to the previous month.
We do not expect this announcement to be relevant for the behavior of the GBP against other currencies during the week. More likely the technicals will be predominant. Only a very unexpected final data would affect the price action.
Key Levels:
- Resistance 1.3750
- Support 1.3620, 1.3480
Trend GBP/USD:
Bullish
Price closed last week at resistance, after an aggressive rejection of support and creating a very clear demand area visible on the 1h timeframe.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend. We might see a breakout of actual resistance or a pullback to the last formed demand zone.
Waao, i am comparitively new here so i amsurely gonna read all your post. Good work
welcome, write me if you have any question
Weekly trade idea on GBP/USD
Week: 15-19.02.2021
Key event: GBP. PMI
Indicator of the economic situation in the UK services sector. It captures an overview of the condition of sales and employment. Any reading above 50 signals expansion, while a reading under 50 shows contraction.
We expect a similar reading to the previous month.
We do not expect this announcement to be relevant for the behavior of the GBP against other currencies during the week. More likely the technicals will be predominant. Only a very unexpected final data would affect the price action.
Key Levels:
- Resistance 1.3900, 1.3950
- Support 1.3750
Trend GBP/USD:
Bullish
Price broke last week the 1.3750 resistance and closed with an important bullish candle. It is heading now towards the next resistance levels.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend with a target on the next resistance levels. The previous resistance level is now important support.
Weekly trade Idea on NZD/USD
Week: 22-26.02.2021
Key event: NZD. Interest Rate Decision
RBNZ Interest Rate Decision is announced by the Reserve Bank of New Zealand. If the RBNZ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the NZD.
We expect a similar reading to the previous lecture.
We do not expect this announcement to be relevant for the behavior of the NZD against other currencies during the week. More likely the technicals will be predominant. Only a very unexpected final data would affect the price action.
Key Levels:
- Resistance 0.7320, 0.7400.
- Support 0.7150, 0.7000
Trend NZD/USD:
Bullish
Price broke last week a tight indecision range and closed on the upper ranges close to a resistance level.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend with a target on next resistance levels. Previous resistance level is now an important support.
Weekly Trade Idea for EUR/USD
Week: 1-5.03.2021
Key event: USD. Non-Farm Payroll
The number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank.
We expect a higher reading than the previous month.
Until Friday, we can expect a light strengthening of the USD against other currencies. It would require a very positive or negative surprising release for the USD to break actual ranging levels.
Key Levels:
Trend EUR/USD:
Neutral
Price is ranging between 1.2300 and 1.1950. Last week, the price closed with false up movement and a strong bearish movement, heading support levels. We do not expect a break of key levels before the announcement.
Call to Action/Trade Idea
Neutral markets provide the opportunity to trade both long and short. We will look to buy near supports and to sell near resistance after a price action confirmation.
Weekly analysis for USD/CAD
Week: 08-12.03.2021
Key event: CAD. Interest Rate
Interest rate at which major financial institutions borrow and lend overnight funds between themselves;
We expect a similar reading than the previous month.
We see a slowing momentum on the actual trend. A negative surprising data value could reverse actual trend direction.
Key Levels:
-
Resistance 1.3000
-
Support 1.2500
Trend USD/CAD:
Bearish/Neutral
Price is reacting to old demand levels. Price closed last week with a bearish pin bar. We see both bullish and bearish signals.
Call to Action/Trade Idea
We will look to sell near resistance after a confirmation signal. We will look to buy near supports after a confirmation pattern. Only a surprise on data release could lead to a break of the key support.
Like the analysis. Thanks for sharing. Following along.
1 Like
Weekly trade Idea on USD/CHF
Week: 15-19.03.2021
Key event: USD. Interest Rate Decision
A rate hike tends to boost the local currency, as it is understood as a sign of a healthy inflation. A rate cut, on the other hand, is seen as a sign of economic and inflationary woes and, therefore, tends to weaken the local currency. If rates remain unchanged, attention turns to the tone of the FOMC statement, and whether the tone is hawkish, or dovish over future developments of inflation.**
We expect a similar reading to the previous month.
Until release day, we expect a continuation of the actual trend. A surprising data value could reverse the actual trend direction.
Key Levels:
- Resistance 0.9460**
- Support 0.9200, 0.9090, 0.9020**
Trend USD/CHF:
Bullish
Price has surged and forming HH and HL, which could be the start of a new uptrend. It has formed new demand levels visible on lower Time Frames.
Call to Action/Trade Idea
We will look to buy near supports and demand zones, with targets on resistance 0.9460.
Weekly trade idea for EUR/USD
Week: 22-26.03.2021
Key event: USD. Fed´s Chair Powell testifies
Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy.
During this week, there will be three speeches. On Monday, Tuesday and Wednesday.
These speeches tend to increase the volatility in the markets and may cause a breakout of key levels in price.
Key Levels:
- Resistance 1.1989, 1.2180
- Support 1.8400, 1.1755
Trend EUR/USD:
Neutral
Price is ranging between 1.1989 and 1.1840. Last week, the price closed with a false breakout down.
Call to Action/Trade Idea
We will look to trade the breakout of the actual range, very likely near or during one of the speeches.
Weekly trade Idea for USD/CAD
Week: 5-9.04.2021
Key event: CAD. Employment Rate
Measure of the change in the number of employed people in Canada. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive, or bullish for the CAD, while a low reading is seen as negative or bearish.
We expect a significantly lower reading than the previous month.
Until release day, we can expect a weakening of the Canadian dollar against other currencies. On Friday (releasing day), a surprising value could affect actual trends and cause possible breakouts of key levels.
Key Levels:
Trend USD/CAD:
Bearish
Price has been respecting a down channel, reacting to horizontal and diagonal resistance. This scenario may change with fundamental announcements.
Call to Action/Trade Idea
Until Friday we will look for buying opportunities near support. A breakout of the bearish channel will provide us opportunities to buy on retracements.
Weekly trade idea on NZD/USD
Week: 12-16.04.2021
Key event: NZD. Interest Rate Decision
RBNZ Interest Rate Decision is announced by the Reserve Bank of New Zealand. If the RBNZ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the NZD.
We expect a similar reading to the previous lecture.
We do not expect this announcement to be relevant for the behavior of the NZD against other currencies during the week. More likely the technicals will be predominant. Only a very unexpected final data would affect the price action.
Key Levels:
- Resistance 0.7100, 0.7000, 0.7450
- Support 0.6800
Trend NZD/USD:
Bearish/Neutral
Price broke down two weeks ago the 0.7100 support level, turning it into key resistance. Price has formed a lower low; now a lower high would confirm a trend reversal.
Call to Action/Trade Idea
We will look to sell near resistance levels. The previous support levels are now important resistances.
1 Like
