ภาษาไทย
Tiếng Việt
In this week’s Week Ahead Analysis we take a look at the key charts of the week with #USDJPY, #GOLD, #USDIndex and more!
Follow the link to learn more…
Week Ahead Analysis
This week could start off with a risk off tone as news over the weekend of tensions between Russia and Ukraine have escalated. Again, this headline risk could overshadow the news for the week with stocks and risk currencies likely to be affected by this news.
In other news the RBNZ are set to hike interest rates to 1.00% this has been reflected in the NZD strength recently. This could continue once the hike is announced and we could see the currency strengthen against the weaker ones.
The strength meter this week highlighted the risk in the markets of last week with AUD and NZD being the best performing currencies. The EURO was the hardest hit which could continue further this week.
USD Index
If the market is going to flip back into risk off mode then the USD could benefit from this. If the price trades back above the $96.00 level we can look for long opportunities from minor demand zones. The key to this move will be the reaction of the market to the latest headline risk news.
USDJPY
In times of uncertainty the market often looks to the JPY for low risk safety. Looking at the weekly chart of USDJPY the price has recently been capped around the 116.00 area with buyers failing to break above on numerous occasions. If the price was to break into new lows we could see bears re-enter the market on supply zones.
EURNZD
The strength meter market to watch this week in EURNZD, this currency pair could continue to move lower as the NZD strengthens. The weekly chart shows that the price is in an upward trend but in a retracement phase. This could offer short term short opportunities until the price reaches a key support area. The 4hr trend shows the price has formed a break lower after a period of consolidation, if the price retests this area we can look for sellers to step back in.
GOLD
The price of GOLD has exploded as the uncertainty in the market has grown. On the technical side of things the price has closed bullish outside of the consolidation area which suggests a bullish continuation could be likely. The 4hr time frame shows an upward trend developing which could offer long opportunities on a retracement.
Enjoy low spreads and quick trade executions with a live account. Our highly committed customer support team will assist you from your quick account setup to any future concerns. Start trading with Blueberry Markets today.
About The Author
