In the opening of market in 2022, Market have take virous shape in the mist of  mixed market data for the Dollar, omicron and others.

A lot of traders are yet to figure out the core directions of the market, as many instruments/pairs such as EURUSD, DXY etc. have been on a range life wired for day traders.

This week we shall be looking at carefully selected  5 currency pairs based on market structure and movements 

The five pairs includes 

1.GBPUSD a.k.a the cable 

2.EURUSD a.k.a the Fiber

3.AUDUSD a.ka the Aussie

4.USDJPY a.k.a Gopher 

5.AUDJPY

for more currency pair sweet nick names click here 

1.GBPUSD 

the cable was seen with a nice performance last week rallying up 1.37448 before coming to a hut, GBPUSD saw a push back to 1.36590 before the pair managed to close at 1.36700 at the end of business for the week.. 

What to Expect:-

This chart is prepared by DannyFXtips

From the chart above we can  see a multi month trend line, which started at 1.41900 with another punch/touch at 1.38183 and finally last week we saw price puckering/breaking the long respected trend line at 1.35895 level. haven see that happen whats next for the pair?

Following a simple break and retest strategy click here to learn more the holy girl,

1.35895 having formed a key level for the pair a retest of 1.35895 will see the pair flying up to the upper key levels

watch for reversal candles at 1.35895 level and take a buy... alternatively  a close below 1.35895 level will may see dive lower to 1.34845 or more .

Dannyfxtips 

Forex made simple


2.EURUSD

As mentioned above, the fiber have been raging on multi month range. Guess what! and get a coffee from us.. oh sorry we have the answers already 

EURUSD broke out of the multi range last week and had a perfect push off the range region see the chart below

This chart is prepared by DannyFXtips


What to Expect:-

using our holy grill pattern, EURUSD with made a 100pipse run from the range region i.e. 1.13725.

The inform fiber closed last week market @1.14046 after a push to 1.14756

we are anticipating a retest of 1.3725  which which have formed an important key level for the pair and  a possible BUY from that region.

Dannyfxtips 

Forex made simple


 for detailed update on other remaining pairs click Here 

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