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Video: This Move is Setting Up on USD Pairs & Zones to Watch on Crosspairs

Thursday Analysis of the high probability opportunities for this week in Forex, Indices & Commodities.

Click on the video to watch the full breakdown

Hold fire. Although we’ve had the CPI news release yesterday, which was the most significant one on the economic calendar to watch out for when it comes to the USD pairs, the market hasn’t reacted in its usual volatile fashion.

So what’s next?

When a move/shift hasn’t been made post-news, it usually indicates a delayed move, whereby the market is continuing to gather more orders, and the real move begins the following day. That’s today.

We have a mix of USD news releases today: Jobless Claims, PPI & Retail Sales. So these could light some fire under the USD’s bottom.

Combined with the technical structures we’re looking for in EUR/USD and (to a lesser extend) NZD/USD, we need to wait for more confirmations of which side the market wants to take.

From the other charts on the Shortlist for the week, Gold has already shown its hand – to the downside, as has USD/JPY – to the upside.

Both EUR/GBP and GBP/NZD are ripe, as you can see in the video breakdown.

In this video we go over these opportunities for the week:

  • EUR/USD
  • NZD/USD
  • USD/JPY
  • CAD/JPY
  • GBP/NZD
  • EUR/GBP
  • Crude Oil
  • Gold

Written by: Dima Mihailovich, Technical Analyst for Forex Prop News

Contact and follow Dima on Twitter: @dimafpn

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