Trading Forex – Weekend Analysis 20th April 2019
Still holding the Kiwi shorts from this week; hope to add to the trade on any pullbacks as price seems to be running along a downwards sloping channel. Here’s the chart indicating what I’m looking at and how I expect this to pan out next week …
Other charts to study in follow-the-sun fashion …
AUDUSD: The Aussie has been bouncing around quite a bit but the upwards momentum should resume.
USDJPY: Should see the Yen step up from here over the next few weeks after retesting the lower trendline of the channel indicated …
EURUSD: Euro fell sharply this week and there is a possibility of the move being retraced, however, I think the stops below will be potential targets.
GBPUSD: Cable could trade sideways for a few days next week before edging lower.
USDCAD: Been trading in this range for a few weeks and I expect the Loonie to head back down again.