A good reaction from NZDUSD from this demand area, a buy setup may come across after so we will see.
Another high for the year on Gold. We’re also going to observe the rally after hitting this demand area.
Be looking for new opportunities. Starting from EURUSD where we can expect retracement to this area so we can start buying later.
We can also see on GBPUSD where price is currently on the same area we mentioned last week. Just wait and see for another buying.
As for AUDUSD, we can also see a new high was created, this can be an indication of higher price later. Just wait for any confirmation around this area.
Gold is doing great so far with the new high created and even touched the buying target we aimed earlier. Just wait and see the retracement to this area and look for another buying confirmation.
Been moving sideways so far for major pairs, we can expect price to execute a trade within areas we already covered. An update from GBPUSD can be seen here as we’re having another fakeout attempt.
We can also wait for Gold to hit this area after the area above failed. Just wait and see on how price execute fake breakout towards this area.
We’re adding more pairs in this consolidation weeks. NZDUSD just created another higher demand area after reacted to another one below. Just wait and see for the buying confirmation later.
Failed to reach this demand area, GBPUSD just created another buying area where we can wait for a retracement later this week and buy later.
The setup on GBPUSD last week went really well. FreshForex congratulates you for taking this setup and you may want to take partials from this point as we might expect the price to consolidate later.
EURUSD is also looking good with price hitting the demand area and we can expect bullish move around this week.
Another bullish setup comes from Gold as we’re retracing from hitting the current high for the years. Just wait for a confirmation and we’re good to buy.
Compression setup is seen on USDJPY where we can wait for creating a lower low later after hitting this supply area over here.
A bit late to sell but we can still wait for a sell setup on USDCHF before hitting the current low. Just wait and see for any sell setup on lower timeframes.
For this week after CPI number, we can see a change in market move on the bigger timeframe seen from major pairs’ perspective. EURUSD is already seen by breaking lows and we’re going to anticipate a retracement for another sell setup to move with the current market flow.
GBPUSD is also signaling a change in market trend. A break on this demand will also make it stronger to sell for the rest of the month. Just wait and see on how price will do this week.
Gold is rather staying strong compared to the other two. We can only see a reaction when price hitting this demand area and see if it moves the price higher later.
Another one to wait is USDCHF where we can see a signal to change the current trend to bullish trend later after breaking this supply area. Just wait and see for any move later. A retracement for buying can be seen this week.
