Market Analysis
Eur/Usd pair so far this week has being positive as we saw it go around at 1:1072, but more importantly it’s amongst the few steady pairs right now. It will be a good opportunity to go for buy here for long term with clear direction seen for it in coming days.
Usd/Jpy pair is very high so far this week, as we saw it move towards the 109 mark, with so much bullish scenario, it will be risky to enter any trade at this moment. It could be better to just wait and watch for the scenario to build up for us.
Eur/Jpy pair also had a wild week as we see it moving towards the 121 mark, it’s all uncertain as where things are going with the development that’s taking place. It will be almost like wait and watch scenario ahead for traders to work on this pair.
EUR/USD started the week on a relatively positive mode, but we saw things turn around relatively fast with it going near 1:10 mark. It will be good time for us to go for buy here with stop loss of around 25-30 pips, it could be highly beneficial.
GBP/USD went very high this week as we saw it go near 1:3000 before going down towards 1.2800 levels. It will be good opportunity to go for long here but must be done with very tight level of risk/money management.
USD/JPY was bullish this week but we saw things turn grey quickly as the pair went towards 108 levels. But the market closed around 108.63 levels to close around. So it will be good time for one to go for shorts but must be done with solid risk/money management.
EUR/JPY was bullish during first few days of the week, but the pair dropped in a very noticeable way during the later stages of the week. However, long term trend is not too clear, so it could be a good option for one to go for scalping right now.
AUD/USD was bearish during the first half of the week but it all turned bullish during the closing stage, so it’s going to be a good time to go for buy here, but needs to go for tight risk/money management to be able to gain.
USD/CHF pair was bearish during the week, but the last day saw things turn bullish. It will be good opportunity to go for short here, but it has to be done via really tight money management to be able to gain. So it’s good time to sell but with correct management.