Trading Forex – Weekend Analysis 20th April 2019

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 …

Trading for dummies

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.

Trading for beginners

USDJPY: Should see the Yen step up from here over the next few weeks after retesting the lower trendline of the channel indicated …

Forext trading

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.

Forex trading for beginners

GBPUSD: Cable could trade sideways for a few days next week before edging lower.

Trading Forex for Beginners

USDCAD: Been trading in this range for a few weeks and I expect the Loonie to head back down again.

Forext trading for beginners