EURUSD: BULLISH

Current Level: 1.1285

Target: 1.1600

Timeframe: 1 – 2 weeks

SET UP

EURUSD starts the week drifting sideways and looks susceptible to a pullback towards 1.1205 support before once again rallying above 1.1380 resistance.

The uptrend remains intact and my new target is 1.1600 which I think will be attained within the next 2 weeks.

RESULT 

GBPUSD: BULLISH

Current Level: 1.2715

Target: 1.2850

Timeframe: This week

SET UP

Sterling had a great run to the topside last week so some level of retracement is expected before the rally continues towards my 1.2850 targets.

Support now lies at 1.2660, (1.2600 max) for a rally above 1.2750 resistance (last weeks high) onto 1.2850.

RESULT 

AUDUSD: BULLISH

Current Level: 0.6970

Target: 0.7130

Timeframe: This week

SET UP

The AUDUSD continues to rally nicely and I expect the uptrend to continue after a bit of retracement.

Expecting support around 0.6880/0.6860 (0.6785 max) to yield rally above last weeks high at 0.7042 onto my medium-term target at 0.7130.

RESULT 

NZDUSD: BULLISH

Current Level: 0.6530

Target: 0.6750

Timeframe: This week

SET UP

The NZDUSD continues to rally nicely and I expect the uptrend to continue after a bit of retracement.

Expecting support around 0.6450 (0.6410 max) to yield rally above last weeks high at 0.6580 onto my medium-term target at 0.6750.

RESULT 

USDCAD: BEARISH

Current Level: 1.3410

Target: 1.3150

Timeframe: 1 – 2 weeks

SET UP

USDCAD continues to fall nicely and I expect the downtrend to continue after a slight period of retracement.

I’m expecting resistance around 1.3520 (1.3575 max) to yield fall below last weeks low at 1.3350 onto my medium-term target at 1.3150.

RESULT 

Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades all markets and all timezones.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

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