Forex Analysis – USDCAD, USDCHF, USDJPY, EURGBP, NZDJPY, and NZDUSD

Watch the video for the key trading levels for the week ahead for USDCAD, USDCHF, USDJPY, EURGBP, NZDJPY, and NZDUSD.

00:00 Intro
00:09 USDCAD Forex Analysis
01:03 USDCHF Forex Analysis
02:01 USDJPY Forex Analysis
02:54 EURGBP Forex Analysis
03:52 NZDJPY Forex Analysis
04:55 NZDUSD Forex Analysis

Overview:

USDCAD Daily Chart:
Monthly support at 1.3262, resistance at 1.3664.
Weekly support at 1.3262, resistance at 1.3705.
Daily support at 1.3406, resistance at 1.3553.
Price advanced and tested the 1.3553 daily resistance level last week. Will price continue to advance and move above the 1.3553 daily resistance level this week?

USDCHF Daily Chart:
Monthly support at 0.8926, resistance at 0.9084.
Weekly support at 0.8926, resistance at 0.9059.
Daily support at 0.8859, resistance at 0.9002.
Price declined and closed below the 0.8926 monthly support level last week. Will price hold the downtrend and move below the 0.8859 daily support level this week?

USDJPY Daily Chart:
Monthly support at 127.21, resistance at 135.16.
Weekly support at 133.62, resistance at 137.90.
Daily support at 133.74, resistance at 135.10.
Price advanced and tested the 135.16 monthly resistance level last week. Will price hold the uptrend and move above the 135.16 monthly resistance level this week?
 
EURGBP Daily Chart:
Monthly support at 0.8721, resistance at 0.9230.
Weekly support at 0.8722, resistance at 0.8897.
Daily support at 0.8791 and 0.8754, resistance at 0.8865.
Price advanced and tested the 0.8865 daily resistance level last week. Will price hold at the 0.8865-97 daily/weekly resistance area and decline back down the range this week?

NZDJPY Daily Chart:
Monthly support at 80.57, resistance at 87.33.
Weekly support at 82.31 and 81.03, resistance at 83.86.
Daily support at 82.47, resistance at 83.53-81.
Price declined down from the 83.53 daily resistance level last week. Will price hold the downtrend and move below the 82.31 weekly support level this week?

NZDUSD Daily Chart:
Monthly support at 0.5512, resistance at 0.6527.
Weekly support at 0.6084, resistance at 0.6191 and 0.6379.
Daily support at 0.6139-31, resistance at 0.6180.
Price declined and closed below the 0.6191 weekly support level last week. Will price hold the downtrend and move below the 0.6139-31 daily support area this week?

Register for Duncan’s free webinars here:

Tonight’s Session:
25 APR
Forex Trading – Live Market Analysis
Tue, 7:00PM SYDNEY TIME
60 mins
During this webinar, Duncan Cooper will review 12 currency pairs, determine the key support and resistance trading levels for the week ahead, discuss his favourite risk to reward trading opportunities, and answer your trading questions.

26 APR
Price Imbalances – Introduction to Smart Money Concepts Part 3
Wed, 7:00PM SYDNEY TIME
60 mins
Learn the importance of price imbalances and how they form part of the underlying market structure across all time frames. Understanding price imbalances will help you identify the best entry and exit levels for your trades and improve your overall consistency as a trader. Duncan Cooper will show you how to identify price imbalances in a live chart exercise and answer all your trading questions.

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