Last week were looking for the supply on CADJPY to hold and longs on the Euro. We took a short term long from demand on USDCHF too. This week we’re still watching CADJPY and the Euro so check out the details below:
CADJPY – Short
Price has been bouncing around the supply level on CJ for some time now and last week we finally saw a drop. I’d expect a continued fall given the other PA so this ones still being monitored.
EURAUD – Long
EA has a number of possible demand levels to trade from coming up. If price breaks the current level which is holding price up then there could even be a down move before looking for a long from demand below.
EURNZD – Long
We have a wedge formation on EN at the moment and below that a nice looking demand level. The range has been narrowing recently so we should see a breakout in either direction soon.
EURUSD – Long
Premium members can login to the forum for the detailed analysis which looks at the lower time frame levels we are watching to confirm entries, and the other setups we have for this coming week. This weeks detailed video analysis is here. If you do not have access to the premium content then you can find out how to sign up here.