Financial Markets Online > Weekly Analysis > Atif’s top pairs of the week

As always our members receive our full analysis to start the trading week.

Atif has picked out his top 3 for us all to keep an eye on.

AUDUSD

  • Buyers having a fantastic run as seasonal bounce comes into play.
  • Price now at the top weekly channel. A break above and we could see a potential push up to the Daily 200 SMA. 
  • Should price fail break the weekly channel TL and reverts into Daily Phase 2, then look for a move back towards the Daily 20 EMA before another leg up
  • A key to note that price has just broken the previous weekly high and now has gone from downtrend to no trend.

 

NZDUSD

  • Kiwi bulls turned out in style and was the best performing currency last week.
  • Previous Daily high has broken, and price closed above the Daily 200 SMA.
  • Currently testing resistance, we could see a push to 0.6815 level before any Daily Phase 2.
  • Look for continual buy setups on smaller time frames. When Kiwi gets going, it never looks back and you won’t find many deep pullbacks on the Daily time frame.

 

USDCHF

  • Final target at 0.9715 was hit and price bounced.
  • We’ve seen buyers come in strongly from this level before and if they materialise, look for intraday buy set ups.
  • Just be wary, the bounce has not been as strong as previous weekly reversals so there could be a possibility for sellers to have one last go and we could see some sort of double bottom before a strong move up.

 

Watchlist

  • Intraday buy AUDUSD and NZDUSD.
  • Intraday sell EURAUD, EURNZD, GBPAUD and GBPNZD.
  • Intraday buy AUDCHF and NZDCHF.
  • Intraday buy AUDJPY, NZDJPY and CADJPY.
  • Intraday buy USDCHF and USDJPY above the levels highlighted in the analysis.
  • Intraday buy GBPCAD and GBPCHF above the levels highlighted in the analysis.

 

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