Forex Trading Weekly Charts and More…
EURUSD Weekly
Supports at : 1.08750 , 1.08300 , 1.07650 & 1.06700
Resistances at : 1.09300 , 1.09500 & 1.09750
So Playing field is between 1.06700 & 1.09750 – is this week starts with Support at 1.08750 holding, we should have another test of 1.09750.
However, if the slide continues in next 48h, we are going for 1.07350 at least.
BTCUSD Weekly
For advancement to previous high ( and possible New high ) it has to stay above 65.250.00 this week.
70.800.00 is the only real Resistance.
However, if it needs a more serious correction first, watch these two levels : 54.200.00 & 44.100.00
This Pattern hasn’t been seen on BTC so far, but if judging by previous experiences on other ( serious) currencies, this might be a Bullish one.
XAUUSD Gold Weekly
Supports at : 2380.00 , 2365.00 & 2350.00
Resistances at : 2430.00 , 2450.00 & 2485.00
Because of Friday’s close, I have to take into account possibility for deeper correction right now, but as long as it stays above 2200.00 it is a fair game for reaching a New High and even 2600.00
We have to watch the Support at 2380.00 – if it gives a way, we’ll be seeing 2350.00 within next 3 days ( so some sideways to up correction early this week , and then another leg down)
Gold is Extremely Bullish , and for a change of the trend it would take weeks to happen.
GBPUSD
Seems as the Demon is not living to it’s Nick name lately…
Supports at : 1.29000 , 1.28550 , 1.27750 , Â 1.26500 & 1.24000
Resistances at : 1.30700 , 1.31450 & 1.35850
Watch support at 1.28550 and resistance at 1.30700
Pattern suggests downward movement , and even 1.24000 might be visited, prior to renewed attempts higher.
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