Market Analysis
USDCAD was bearish during the week but the last day saw things picking up, as it went to 1.3150 levels. It will be good opportunity to get into sells early in the week. However, overall it will be better if we go for buy for long term option.
GBPCHF was highly bearish during the week as we saw the pair dropping heavily to go inside 1.28 levels. It will be good time to get into buying mode, but overall it’s important for us to keep very tight risk management to be able to gain through it.
AUD/USD was rather mixed this week as we saw the pair starting up in a very positive tone before dipping big time. The week closed in a negative zone and is likely to continue in that way only, so it will be a good time for one to go for shorts here.
USD/CHF was bearish this week but it recovered somewhat before closing out. It will be a good time to go for shorts here with it likely to pull down again. But it needs to be connected with correct risk/money management to be able to gain through.
USD/CAD was neutral this week as we didn’t see any noticeable trend developing. It will be a good opportunity to go for buy here as overall trend looks on the higher side. But we have to ensure we give proper coverage towards the money management.
GBP/CHF was highly bearish this week as we saw it drop heavily but the last day did saw things recover somewhat. It is highly likely that we will witness growth in the week to follow. It could be a good time to go into buying here with this pair.
EUR/USD continued on its down trend but is highly likely to recover in this week. So this is very much ideal scenario if you want to buy in. But it should be done with minimum of 60-70 pips margin levels to be able to stay at relative comfort.
GBP/USD was in upward trend this week as we saw it move above 1:30 levels and is likely to stay around that mark. It will be good opportunity to go for buy but it needs to be done with accurate and sensible money management levels.
USD/JPY was bearish this week as we saw the pair started on positive note, but it went down rather quickly from that point. It’s highly likely that we will witness mix trending ahead. So it’s better to keep trades very much short to be able to gain.
EUR/JPY was in serious bearish trend this week as we saw the pair move down towards 119 mark. It will be great for one to go for buy but just need to ensure that we do it through very sensible and strict risk/money management to be able to gain.