Last week GBP has done excellent job and it maintain its strength against the USD. I would like to say if it moved against the DXY next week then trade it. Also watch the range of movement, If GBPUSD start to fall and DXY start to rise it does not mean to trade GBPUSD. First watch the speed of falling of GBPUSD if the speed of falling is fast against the USD then sell it.
Last week we Dollar Currency Index took strength and I believe this strength will continue for the next week. So it is better to look sell opportunity on EURUSD>
The last week for GOLD was amazed. Now GOLD is making Head & Shoulder Pattern and I believe it will fall more. My first target is 1725 and then 1710.
The market of USDJPY is near to it's demand zone. I think it will touch it then rise to retest it's trendline and from there it will fall. Bette to buy on demand zone if rejected then sell from the trend line if rejected. So follow the chart.
The market of USDCAD is near to its demand zone. Wait for the rejection on demand zone then take buy position on it. If market gives breakout to its demand zone then dont try to buy it.
The AUDUSD pair first will fall then it will take buy setup by taking support. Better to wait for the support zone to buy it.
Wait for the market to reject from the Demand zone then look for buying opportunity on it.
The market of GBPUSD is giving us an opportunity to take buy position on it. Wait for the retest then take buy entry on it.
As we can see the market of EURUSD is out from the descending channel and now staying at supply zone. I suggest you to wait for the support to buy it again. If you think you can buy it here then I dont recommend you. Wait for the downside to take support.
Last time I mentioned the BOX and I said to wait for the BOX BREAKOUT and now the result is front of you all. Now again wait for the BOX breakout then take decision either you want to buy or sell.
Today we have HIGH impact news in the market called CPI. This news will make high impact. I have shared my analysis that how to trade GOLD in this news. Wait for the BOX breakout then take buy or sell trade.
Wait for the trendline breakout then buy it. Japanese Yen is not much stronger and it will fall more so by this all pairs of Japanese yes will rise against YEN.
Japanese Yen is still weak and I don't believe that in coming days it will show strength till US will not start to decrease its interest rate. Every dip in USDJPY is an opportunity to buy it.
USDCAD has successfully breakout its support level. Now if market show fake breakout then buy it.
AUDUSD seems in selling pressure. I have mentioned the selling zone, wait for the rejection from that level then sell it.
I believe next week Dollar Index will be stronger because dollar did not show it's strength on friday even the interest rate has increased. So soon or later USDCHF will rise again. Buying zone already gives to you all.
The market of GBPUSD boost because USD getting weaker even the data was in the favor of USD. Its mean soon or later GBPUSD will fall back. I have mentioned two selling points keep focus on them.
I give two major selling points to sell EURUSD. Keep an eye on them. Sell only when DXY (Dollar Currency Index) start to rise.