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Forex Trading Weekly Review - 29.10.2017 (EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY)

    • 29/10/2017

Forex Trading Weekly Review - of 5 main Currency pairs EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY - based on Masterforex-V New Technical analysis.

EURUSD currency weekly review: On d1 and w1 level this pair is back to the flat phase. On h4 time-frame this level is now in a trend phase down. Forex trading is happening by using trend following system.

GBPUSD currency weekly review: On d1 and h4 level this pair stays in the flat phase. New reference points were created

AUDUSD currency pair weekly review: This pair is back to the flat phase of d1 and weekly level. New h4 FZR down happened. Forex trading is happening inside trend phase of h4 by using trend following trading system.

USDCAD currency pair weekly review: Pivot point that was protecting weekly trend down is now broken. This pair is back to the flat phase of w1 time-frame. Impulse up is still developing.

USDJPY currency pair weekly review: Monthly and weekly flat phase is at the moment. On d1 time-frame we have an FZR of d1 and a new pivot point that is protecting the trend up. Trend phase up will proceed until this pivot is broken.

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