Price Action Watch: January 15th - 20th, 2017
Price Action Tracker | Jan 16, 2017 06:16AM 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: CAD/JPY, GBP/USD, NZD/USD and gold
CAD/JPY Pin bar at support area
CAD/JPY pin bar price action at resistance zone 86.53-86.975. Potential move to the downside from this zone (1st management point 88.9).
GBP/USD testing support area
GBP/USD is testing a support area (1.20837-1.2139), potential move to the upside from this zone (1st management point 1.265).
NZD/USD approaching resistance area, waiting for bearish price action
NZD/USD approaching resistance area (0.71912-0.72542) , waiting for bearish price action for a potential move to the downside from this zone
Gold pin bar at support area
Gold pin bar price action at resistance zone 1197.16-1207.42. Potential move to the downside from this zone (1st management point 1156).
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