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In this video I go through some of the best opportunities in the forex markets this week. Once again it’s a very volatile time with Russia-Ukraine tensions continuing to escalate. I’m Taking These Forex Trades This Week! (GBP/USD, USD/JPY, EUR/USD, EUR/CHF, XAU/USD).
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-TIMESTAMPS-
0:00 Intro
0:40 EUR Pairs
3:30 GBP/USD
4:35 USD/CHF
6:02 USD/JPY
7:30 XAU/USD
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EUR/USD Trade Setup
It seems that after a very strong sell off we have found strong support in and around the 1.0750 level. Price tagged our zone and rejected last week, but still closed bearish. We could see a 1.10 test this week as price opens up bullish.
USD/CHF Analysis
Price remains range bound but threatening a breakout of 0.9350. Upon market open this week price has shown strong rejection of the level. We are only looking to buy this currency pair because of the overall position of the pair looking back at historic price. We’ll be picking up longs around the 0.91 level if we see a strong sell off and rejection of near term resistance.
AUD Economy
Australia’s economy has rebounded solidly since late 2021, even with a brief stutter surrounding a renewed surge in COVID cases from the Omicron variant. Q4 GDP rose 3.4% quarter-over-quarter; whereas in more recent data, February business sentiment and the February PMIs both strengthened.
Russia-Ukraine Crisis
The falling ruble and the growing list of sanctions has rattled Russia’s credit market. The Central Bank of Russia more than doubled its policy rate to 20% in response to the ruble’s sharp depreciation, and yields have risen significantly on Russian government bonds. Ensure you are keeping up to date with matters in Ukraine as we are seeing the war increase volatility in the markets. Markets have opened up positive with EUR equities pushing higher and USD weakening. Please keep an eye out for future developments.
📜 DISCLAIMER 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. Leverage can work against you as well as for you. Before you invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#forex #trading #investing #gbpusd #eurusd #xauusd
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