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- Market News
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Mini Charts
Video: These Setups on NZD & GBP Pairs are Ones to Watch this Week
Dima MihailovichNovember 7, 20231 Mins read Tuesday’s Market Analysis of the high probability opportunities for this week in Forex, Indices & Commodities.
Click on the video to watch the full breakdown
Dollar pairs are out of the picture for this week. The DXY (index of the dollar) needs to clear the highs or lows of major pricepoints first, before an obvious direction is established. Are we in the middle of a reversal, or in the middle of a simple pullback of the higher timeframe? The answer is: 50/50, therefore no point gambling…
We look to the other currencies for opportunities.
Where and when will volatility likely kick in this week? And does the technical analysis on our shortlist match, as we go through the week?
The weekly outlook has produced two GBP and two NZD pairs for the shortlist. So focus goes towards the big news/releases on the calendar from those countries.
The NZD news is tomorrow in middle of Asia session, so if you’re asleep at that time, take that into account.
The GBP speech is at London, therefore New York session may produce a clearer picture.
Both Crude Oil and AUD/NZD have already triggered, but you may have another opportunity, if you watch them closely. See the video for details. invalidation points (see the video for the exact level). But since last week was very heavily Bearish, the contradictory directions don’t add up to high probability trading.
The pick of the week NZD/CAD is currently in play, and that too, maybe produce another entry opportunity, because of the higher timeframe targets we have in mind for it. Keep a watchful eye.
In this video we go over these opportunities for the week:
- WTI Crude Oil
- NZD/JPY
- GBP/JPY
- EUR/NZD
- GBP/CHF
- NZD/CAD
- AUD/NZD
Written by: Dima Mihailovich, Technical Analyst for Forex Prop News
Contact and follow Dima on Twitter: @dimafpn
(Please note: All comments made in this video and article are not trading or investment advice and are for education purposes only. You are responsible for your own decisions and the associated risk.)
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Mini Charts
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