Weekly Forex Market Update & Key Levels June 1 – 5th

WEEKLY FOREX UPDATE

EURUSD – Continues to sell off and broke through an important support zone at 1.1045 earlier last week. A pullback into this zone is likely before possibly continuing its downward trend. Look for possible shorting opportunities at this level. USDJPY- Finally broke through a sideways consolidation market that started last year. USDCAD – We mentioned…

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Weekly Forex Market Update & Key Levels May 25 – 29th

WEEKLY FOREX UPDATE

EURUSD – Last week the Euro faced an entire week to the downside as it failed to break through the overhead resistance mentioned in our commentary. The Euro is currently resting on a support zone, and could break down this week. If it does, the next support level at 1.08 could be reached. Issues surrounding…

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Weekly Forex Market Update & Key Levels May 18 – 22nd

WEEKLY FOREX UPDATE

EURUSD – The Euro is fast approaching the resistance zone we mentioned in last week’s Forex market update. Look for possible short trade setups at that price level. However, I would proceed with caution as the Euro has been quite bullish for the past 2 weeks. AUDUSD – Has reached an important trading zone and…

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Weekly Forex Market Update & Key Levels May 11 – 15th

WEEKLY FOREX UPDATE

EURUSD – The Euro has broken through an important zone @ 1.10455 and printed a pin bar off this level. Another important zone to watch will be the 1.15291 level where the market will face further resistance. In the coming weeks ahead, it will be an important time for the overall market. As May typically…

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Weekly Forex Market Update & Key Levels May 4 to 8th

WEEKLY FOREX UPDATE

EURUSD – In general, we have been seeing a fairly weak US dollar for the past two weeks which has been helping the Euro increase in price. For now, the US Dollar still appears to be the safe haven currency among investors and traders. We still remain with a bearish outlook for the Euro, however,…

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