Financial Markets Online > Weekly Analysis > Weekly Analysis 29th July 2019

AUDUSD

  • Seasonal weakness set in from the start of the week as price broke the previous daily low and fell back in the weekly channel.
  • Continue to look for intraday sell set ups this week.
  • Daily traders wait for Phase 2 which is more likely to happen after another push by sellers this week.

 

NZDUSD

  • Kiwi also now in seasonal weakness mode.
  • Look for intraday sell set ups this week.
  • Daily traders will need to be more patient for that first lower high formation.

 

AUDJPY

  • After failing to push past the Daily 50 EMA, price has broken the daily trend line.
  • Look for intraday sell setups this week.

 

NZDJPY

  • After reaching the Monthly Pivot, sellers started to grow in numbers, pushing price below the Daily trendline.
  • Look for a continuation to the downside this week.

 

Watchlist

  • We are looking for selling opportunities across AUDUSD, AUDJPY, AUDCAD, NZDUSD, NZDJPY, NZDCAD, AUDCHF & NZDCHF
  • We will take long positions on EURAUD and EURNZD

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