Weekly Market Analysis 25.07.2022 – 29.07.2022

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AUD/CAD Potential Trade: 

We’re looking at a potential trade short here. The price is in a strong downtrend and after breaking the support area it now made a pullback. We could even say it made a double top pattern.  If we get some good bearish PA on the area we’ll look for an entry. 

 

AUD/CHF Potential Trade:

Another potential trade short. The price broke the support area and made a pullback/double top pattern.  We’ll be looking at the 4h timeframe for a potential entry if we get a break below the trendline that we drew. 

 

EUR/PLN Potential Trade: 

This is a potential trade long. The price broke the resistance area and made a pullback. If we get bullish PA on the S/R area we’ll look for an entry. This is a good area to trade form as it also aligns with the 61.8% FIB area. 

 

EUR/USD Potential Trade: 

After a break of the support area, we are now waiting for the pullback to complete. We’ll be looking for a potential short from the S/R area. The area also aligns with the 61.8% FIb area which makes it a great area to trade from. 

 

NZD/USD Potential Trade: 

After a break of the support area and a pullback we got some long wick rejection candles on the S/R area. We’ll be looking at the 4h timeframe for a break of the trendline.

 

 

SGD/JPY Potential Trade: 

The price broke the resistance area and made a pullback. We’re looking for bullish PA on the S/R area for a potential entry long. 

 

USD/THB Potential Trade: 

We’re looking for a potential trade long after this break of the resistance area. We’ll look for the price to make a pullback and give us bullish PA on the S/R area. 

 

GBP/USD Potential Trade: 

The price broke the support area and formed a double top pattern. We’ll be looking for a break of the trendline for a potential entry short. 

 

USD/DKK Potential Trade: 

We’re looking for a trade long if the price completes a pullback and gives us bullish PA.