Weekly Market Analysis 28.03.2022 – 01.04.2022

Hello guys, welcome to this weeks market analysis where we cover the setups that we are looking at for the upcoming week.

 

Weekly trade ideas and analysis:

 

USD/CHF: 

On this pair, we got a nice breakout of the resistance area. The price has since made a pullback back into the area and formed a bullish long wick rejection candle.

The trade is not confirmed yet, because if we look at the 4h timeframe. There the price didn’t form a long wick rejection candle, but ‌instead it formed a breakout below the support area and a pullback. Which is a bearish sign. 

On the daily, we are getting bullish price action, but on the 4h we are getting bearish price action. We will wait for some bullish price action on the 4h timeframe before we consider entering this trade.

The price action can come as a double bottom pattern or a higher high on the 4h timeframe, which would be bullish signs.

Daily: 

  

4h:

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7 thoughts on “Weekly Market Analysis 28.03.2022 – 01.04.2022
  1. I am looking at AUDCHF and think that 0.6990 is a significant s/r area. Does this chart look interesting to you?
    Thank you.

    1. Hey!

      Yeah, I agree with you. It is a strong area and a trade from there would definitely be valid. I didn’t expect the trade to trigger this week, hence why it wasn’t in the analysis.

      The price is forming a potential setup. I am keeping an eye out on how the price closes today and will probably feature it in the next week’s analysis

      Cheers,
      Vrext