USD/CHF was on the edge of breaking the long downtrend. Finally it broke and got an uptrend that will continue upto 0.9120. I can tell you based on Fibonacci Retracement that it just breaks the strong downtrend. Therefore it’s time to buy and keep moving forward.
XAG/USD is moving in a very safe zone. There is a definite chance of winning if it can break the next resistance 28.00. I believe around 27 is the safest zone right now because there is a really strong support here. If it crosses 28.00 then it will be a buy signal.
EUR/CAD got a quick and fast uptrend recently but it did not last long enough and started a mid-downtrend and keeps continuing. It just hit the strongest support level and is trying to reverse. I believe if it can cross the next support at 1.5450 then it will make a new uptrend but short.
EUR/GBP is on the long down trend for sure and right now it's just moving down and down and it broke all the recent support levels. It’s time to watch. Next few days’ price action will confirm the next signals.
EUR/CHF is having a really good time since November, 2020. If we look at the last day's trade then we can understand that there is a green candle stick that fully covered the previous green as well as broke the height resistance. That means it will have a definite and uptrend in the short term.
EUR/USD has went ahead in past few weeks and may remain steady ahead too. It will be a good opportunity to go for shorts with some more push towards the upper direction.
GBP/USD has got into a major push during the week, which took it to 1.40 levels. It is highly likely to continue in the same pattern. However, we may witness a push back.
USD/JPY was very much bearish and with how things are moving, it may continue on same lines. It should be an opportunity to go for when it comes to buy in for us.
EUR/USD pair was very much bearish this week so far, it’s very much expected to remain bearish ahead. With a lot of stuff set for this week, it will be a very mixed scenario ahead. And might be suited for a turn-around for bulls.
GBP/USD pair is on bearish trend but with the weekend, there was breakup in the rhythm, so there is chance we might see turn around in coming days of the week. A good opportunity to short it for a quick bust, especially for scalpers.
USD/JPY pair is really going up rapidly, as we saw it go to 110. With the week to resume, we expect things to continue on bullish note, but a noticeable drop can’t be ruled out with such solid pickup that we have seen so far in the start/stop week.
EUR/JPY much like other JPY pairs was in bullish mode, as we see it sitting around 131.50. We are likely to see it stay in this direction, but some dropping is likely come as we begin the FIRST day of trading this week, so a good opportunity to get quick profits before the bearish trend begins again.
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