Weekly Momentum On Major Pairs (Week 49/2021)

First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.

XXX/USD: Mixed (GU is very bearish while EU is not)

Gold & Silver: Bearish

XXX/JPY: Very Bearish (AJ is very bearish)

Stock Indexes: Bearish

BitCoin: Very Bearish