This article was written by Duncan
Cooper – Senior Market Strategist & Trading Mentor.
Overview:
Watch
the video for the key trading levels for the week ahead for EURGBP, NZDJPY,
NZDUSD, USDCAD, USDCHF, and USDJPY.
EURGBP
Daily chart:
Monthly
support at 0.8721, resistance at 0.9230.
Weekly
support at 0.8722, resistance at 0.8897.
Daily
support at 0.8803 and 0.8782, resistance at 0.8928.
Price
declined and tested the 0.8803 daily support level last week. Will price find
support at the 0.8800 level and move back up the range this week?
EURGBP daily
chart on ACY MT4
NZDJPY Daily chart:
Monthly
support at 80.57, resistance at 87.33.
Weekly
support at 81.03, resistance at 84.91.
Daily support
at 83.45, resistance at 84.25.
Price
remained in consolidation last week. Will price retest, hold, and fail at the
84.66-91 daily/weekly resistance level this week?
NZDJPY daily
chart on ACY MT4
NZDUSD Daily chart:
Monthly
support at 0.5512, resistance at 0.6204.
Weekly
support at 0.6047, resistance at 0.6191.
Daily support
at 0.6155, resistance at 0.6193.
Price
declined and broke below the 0.6191 weekly support level last week. Will price
continue to decline and test the 0.6047 weekly support level this week?
NZDUSD daily
chart on ACY MT4
USDCAD Daily chart:
Monthly
support at 1.2963, resistance at 1.3664 and 1.3977.
Weekly
support at 1.3262, resistance at 1.3705.
Daily support
at 1.3520, resistance at 1.3685.
Price
advanced and tested the 1.3664 monthly resistance level last week. Will price
hold the uptrend and move above the 1.3664 monthly resistance level this week?
USDCAD daily
chart on ACY MT4
USDCHF Daily chart:
Monthly
support at 0.9084, resistance at 0.9360.
Weekly
support at 0.9059, resistance at 0.9408.
Daily support
at 0.9332, resistance at 0.9408.
Price
advanced and tested the 0.9408 weekly resistance level last week. Will price
continue to advance and move above the 0.9408 weekly resistance level this
week?
USDCHF daily
chart on ACY MT4
USDJPY Daily chart:
Monthly
support at 135.16, resistance at 141.53.
Weekly
support at 133.62, resistance at 139.38.
Daily support
at 134.77, resistance at 137.66.
Price
advanced and broke above the 135.16 monthly resistance level last week. Will
price continue to advance and test the 137.66 daily resistance level this week?
USDJPY daily
chart on ACY MT4
This content
may have been written by a third party. ACY makes no representation or warranty
and assumes no liability as to the accuracy or completeness of the information
provided, nor any loss arising from any investment based on a recommendation,
forecast or other information supplied by any third-party. This content is
information only, and does not constitute financial, investment or other advice
on which you can rely.