Thread: Look at these charts this week

Crude Oil


Crude Oil Price Update – Main Trend Changed to Up on Trade Through $54.39 Swing Top
Based on the current set-up, the Fib level at $52.52 is a trigger point for a potential acceleration to the upside. If strong buyers come in on the move then look for a surge into the intermediate 50% level at $54.20.

EURUSD


The Euro has plunged significantly during the week, breaking through the 1.10 level during the week before, and following through the 1.09 level over this past week.

EURGBP


The latest minutes from the European Central Bank (ECB) meeting are due on Thursday and investors will lookout for clues on ECB’s strategy review, and specifically about the change in inflation target.

GBPUSD


The British pound recovered during the week, breaking above the 1.30 level but quite frankly it faces a slew of resistance just above.

USDJPY


The US dollar has stalled a bit during the week, showing the ¥110 level as an area that is going to continue to be very difficult to break out of

AUDUSD


Trader reaction to the two 50% levels at .6706 and .6718 will tell us if the counter-trend buying is getting stronger, or the selling pressure persists.

NZDUSD


​Currently, the NZD/USD is being supported by the RBNZ’s hawkish outlook for the economy. However, gains are being capped by concerns over a slowdown in the global economy and the strength of the U.S. economy.

Forex trading is the trendy business in the world. A trader needs to focus on his trading skills and capability. Beside of that he should follow the market trend because in every second the market moves on. I am working with ForexOne the leading Forex broker in this industry. And they give me daily trading updates including – economic calendar, daily trading analysis, market alert, latest currency reports plus data etc.