Setups for the week ahead 13.11.-17.11.17

EUR vs USD

Mixed signal.

EUR vs USD W1

This is the weekly chart of EUR vs USD. Price is testing the red support level. But we have the beginning signs of a trend shift. I am not interested in bullish setups. Last week failed to violate the previous high. What I said last week about this asset remains valid. See here for last week analysis on this pair.

CAD  vs JPY

Mixed signal.

CAD  vs JPY W1

This is the weekly chart of CAD  vs JPY. Price is at an interesting level. Last week did close as a Doji. On a lower timeframe price is testing the bottom of a range level. Either this pair formed a lower high, or we see a violatin of the last week low, which would be a violation of the support level created by the previou swing high that price is testing currently. Either way, this is an interesting asset to keep an eye on.

AUD vs NZD

Mixed singal.

AUD vs NZD W1

This is the weekly chart of AUD vs NZD. Price is at a level of interest. It is worth to keep an eye on this asset. Price has made successive higher highs and may now form the next higher low.

EUR vs NZD

Bullish bias for the week.

EUR vs NZD W1

This is the weekly chart of EUR vs NZD. Price formed a Hammer at a level of support. Some traders may call this a Hanging Man since price has moved up already. But we are making higher highs and higher lows. And recently we had a violation of a previous high that got tested now (see the two red horizontal lines). We have an established bullish trend and price is giving a bullish signal at a level of interest. This puts my bias in favour of the bulls.

If you have any questions or feedback, please leave them in the comments section below. 

Happy trading,

TT