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Video: Watch These Areas for Bullish NZD Setups on the Crosspairs

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

Click on the video to watch the full breakdown

As the Dollar still wanes in relative greyness as preparation for the imminent Fed Chair Speech today, we take our attention to more interesting setups on the Minor pairs.

The expected interest we had at the beginning of the week on NZD and GBP charts is proving fruitful. Markets are playing out according to plan.

Watch the video for the continuation play ideas. As you’ll see, we repeat the same process again and again, until our planned targets are hit. If you’re a short-term/day trader, you’ll have some ideas to take interest in here…

For tomorrow (Friday): we have GBP news. Let’s keep an eye on the volatility that may kick in right at the start of London open. Once settled, a clearer picture should emerge. The higher timeframe hints that the Pound will continue to weaken (relatively speaking of course to the other currencies), which is how I’ll be planning the entry, but don’t take this as a prediction – anything can happen as always!

On Crude Oil: while we have price at a very extended low price (relative to start of the week), and entry is unclear, the overall bias is still to the downside. Especially if the USD continues its run higher. It may be that allowing more time and candles to form will produce a clearer scenario.

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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