Weekly Review 6 September 2010

3
1650

Hello traders,

Last week was little boring, well, most of it anyway, and hopefully the Non Farm Payrolls release on the last friday will bring new energies to the market this week, and for this month.

We have few trades we will look for:

1- Gold – potential double top with powerful bearish divergence. The big move will begin with the break of weekly uptrend line.

2- Usd\jpy – we are still waiting for daily breakup of the downtrend line.

3- Eur\usd – 1.2910-1.2920 is strong resistance, on hourly chart there is a potential bearish divergence and expectations for short down move, but break above this resistance will cause a continue up move.

4- Gbp\usd – is moving on 4 hours down channel.

5- Nzd\usd – potential short down move, the same as the eurusd.

6- Aud\usd – Potential double top on daily chart combined with bearish divergence.

That’s all for now guys.

Have a great and successful week.

Vladimir

Here is the weekly video:

Click To Join Our Community Telegram Group

Advertisement

How to Invest in Amazon

4 Advantages of Amazon Investing - Read More

  • Amazon’s net a bullish 450% 5-year gain
  • Amazon’s ROI is 6x’s the S&P 500 Index of 67%
  • AMZN shares may hit +$10,000 by mid-November 2024
  • Amazon’s growth since IPO tops more than 12,000%

Now is the time to invest in Amazon

Subscribe
Notify of
guest
3 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments