Sunday, November 3, 2013

The week ahead. Nov3-Nov 8, 2013

The chart above reflects the weekly expectation and trend on the eurusd. The trend is clearly bullish after we got a weekly bullish break  as indicated on the chart. Price did continue to bull immediately after the break but the trend has now stalled as we now witness a corrective bearish move and as price drops into our support zone, bullish setups would be sort still on the weekly chart.


 The chart above is the daily chart of the NZDJPY. There was a bullish break on the 22nd of October which failed to push through. Though this break still affords us to remain with a bullish bias on the pair, we have patiently waited for a corrective selloff which has culminated in the Pin bar Trade Setup spotted on the chart on the 29th October. Bullish entries were subsequently made and the bulls are expected to return to the market on this pair.


USDCAD Daily chart above has a bearish undertone. The Pivot Top Reversal Pattern as indicated on the chart should send the bears back into the market.


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