Categorized | Technical Studies

Currency action this week (Week 51)

Currency action this week (Week 51)

Major currencies continue to lose against the dollar. On a week-by-week basis, we saw that the following:

  • Make new lows – EURUSD, AUDUSD, GBPUSD, AUDJPY, EURGBP, EUDJPY
  • Made new highs – USDJPY, USDCHF
  • Stay in range – NZDUSD

Late week, we see EURUSD, GBPUSD, AUDUSD and the NZDUSD find support on thursday and friday. When trading begins next week, the validity of this support may determine direction for the next few days.

Finding support  for NZDUSD. Next? Test of upside.

Finding support for NZDUSD. Next? Test of upside.

EURUSD also find support late week

EURUSD also find support late week

This post was written by:

Soh Tiong Hum 苏终涵 - who has written 226 posts on Singapore Forex And Stock Course – TerraSeeds Forex and Stock Trading Blog where you can find trading ideas and lessons.

Forex Trainer and Director. "Price Action is equal to [1] Price Levels [2] Market Action [3] Market Sentiment [4] Confirmation."

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