Good day Trainee Traders,
Market is still choppy however we do see the dollar losing some momentum last week as it breaks both the ascending trend line. I am expecting more dollar weakness this week and this could potentially see a rise in the indexes....however, the last few day of trading, the indexes have declined along with the dollar.
DXY

Trade Recap
GBP/JPY

Reasons: Broker ascending trendline
Double top pattern with neckline broken and retested.
Rejection at resistance level
EUR/NZD

Reasons:
A big double top pattern with neckline broken and retested.
EUR/AUD
Last week we talked about shorting this pair and worked out as analysed


Trade Setup
EUR/NZD

Strong upward momentum reversal at support level
Looking for a retest before going long
USD/CHF

At support region
Needs to break neckline and retest before going long
That is all for this week post. Trade safe but most importantly stay safe all!
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