3 pairs I’ll monitor this week

I’m curious about the currency pairs that you are monitoring this week…

I know most of you like to trade the majors, but I don’t see a clear condition on any of them.

These are 3 pairs I’ll monitor this week (at least at the beginning of the week):

GBPAUD – As I wrote last week, this one is probably the clearest of them all, take a look at the daily chart, it was clearly bounced from the main support level. I’ll be looking for long opportunities.

AUDCHF – About two weeks ago, it was rejected from an important resistance level, it looks like it will continue in the same direction and I’ll be looking for short opportunities.

CADJPY – Last week it broke through an important resistance level on the daily chart, activating its bullish condition. This is another one I’d look for long opportunities.

I do this analysis on the long term charts, it’s only to determine which currency pairs to trade, all entries are taken using the short term charts.

Now, I think we are going to see very low volume until Wednesday, with the FOMC meeting minutes, so plan you trades.

Whats your take?

AUDCHF Analysis, CADJPY Analysis, forex, GBPAUD Analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .