GBPUSD moved a different direction as what was expected from our analysis last week. It made a gap at the start of the week and went down all the way without looking back.
It stopped the price movement in bearish consolidation zone 2 and ended the week with a hint of a continuation of the trend.
As the pair is currently residing in the consolidation zone 2,...
EURUSD did not make any strong move in Week 19, and it has moved comfortably within its consolidation range.
I personally only took one signal in EURUSD in Week 19 as it seems not to show any good signals.
The price is currently sitting at the top of the consolidation range and it is still unsure if the price would fall back to the consolidation range or would...
USDJPY moved way beyond the expectation of the analysis. It opened with a big bearish gap and continued its downward move till Friday. Spectacular week for short traders, congrats to all short traders who made an awesome profit!
In Week 19, USDJPY only showed the Bullish strength a few hours before the close of the market. USDJPY threw a reversal pattern at its...
USDCHF spent much time in the range of level 1 and finally, it broke down to a new low towards the end of the week, moving into the level 2 consolidation zone.
USDCHF moved much to what was expected of it, consolidation then followed by the trend move. I hope traders have taken advantage of the range and made good profits for yourselves!
The analysis for Week 19...
