FX Price Action Watch: EUR, USD, AUD, CAD, CHF, XAG, Crude
Price Action Tracker | Aug 20, 2016 04:36AM ET
In this week's market analysis, we will look at potential trading opportunities and zones where we should look for price action, evidence and potential moves.
Pairs and markets analyzed this week: AUD/CAD, EUR/USD, USD/CHF, Crude oil, XAG/USD
AUD/CAD near support, Watch out for Bullish Price Action
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AUDCAD Price approaching strong zone 0.971-0.975, Watch out for bullish Price Action ( bullish evidence) and a potential move to the upside from this major zone.
This pinbar is a bit too far from zone, wait till it test the Support Zone
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EUR/USD Near Resistance, Watch out for Bearish Price Action
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EUR/USD Price approaching strong zone 1.138-1.142, Watch out for bearish evidence and a potential move to the downside from this major zone.
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USD/CHF testing strong resistance, look for Bullish Price Action
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USD/CHF is testing a strong support zone 0.95-0.953,watch out for bullish price action for a potential move to the upside from this zone.
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XAG/USD at a strong support zone, watch out for Bullish Price Action
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As mentioned last week, XAG/USD Price is at a strong support zone 19.18-19.40, Watch out for bullish evidence and a potential move to the upside from this major zone (with a 20.57 target).
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WTI approaching zone, Watch out for bearish Price Action
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WTI Price approaching strong zone 49.8-50.6, Watch out for bearish Price Action and a potential move to the downside from this major zone.
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