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Hey guys,

As I said on my earlier weekly market preview blog, I originally planned to do my entire weekly analysis in the one blog, but it got a bit too long and quite frankly, I needed a break:

Before this little walk and steak dinner by the water, I removed forex and will instead split today’s weekly market preview into two.

Here is my Indices, Commodities and Cryptocurrencies preview and below are the Forex markets.

😎😎.

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Forex Markets

I’ll start again with the forex big daddy that is the Euro. When the Euro moves and hits these big zones, people take notice.

Now look where price is, on the weekly:

EUR/USD Weekly

It’s come up and rejected out of that zone nicely, with some strong selling in the pair to end the week that you can see on the daily:

EUR/USD Daily

We’ll see what we get on any intraday retests back into the zone this week, but with our Cable short trade already making money, unless it’s an absolute killer setup, you’re going to want your risk to be focussed over there.

Speaking of Cable, here’s the weekly zone that has held:

GBP/USD Weekly

Then on the daily, you can really see how price has just dropped like a stone out of it:

GBP/USD Daily

Beautiful price action for those of us playing from the short side after that higher time frame zone held.

Moving onto the Aussie and there’s actually a nice trade brewing. So nice that I couldn’t wait to post the chart to Twitter, several hours ago.

Check out the weekly zone that’s been rejected:

AUD/USD Weekly

Rejected down to this daily trend line with a nice confluence of horizontal support to go along with it:

AUD/USD Daily

I’ll be hitting the intraday charts tomorrow, if this zone holds and as always, looking to buy short term retests.

Finally we come to the last of the big forex majors that I like to trade, with the Yen:

USD/JPY Weekly

You can see that price has held that weekly support zone, inversed to the pairs that we’ve just spoken about above of course, and we’ve been trading this stepping, intraday price action that you can see clearer on the daily:

USD/JPY Daily

This is one of those trades that if you follow my blog, you’d know that we talk about building a larger long position while you’re still in this strong, momentum backed stepping pattern.

Across all of the asset classes that I’ve covered in today’s weekly market previews, you can see that there is plenty of opportunity to make money.

Let’s smash it guys!

✌🏻.

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@forexbrokr | Steemit Blog

Market Analyst and Forex Broker.

Twitter: @forexbrokr
Instagram: @forexbrokr

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