Weekly Summary And Review 8th May 2026

Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of May 8th 2026 is here. It is now time to recap and summarize the trade setups that we had during this week. Below you will find a short explanation of all the trade setups we had this week and how it has currently developed now.

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Trading Ideas (Blog Posts)

USDJPY – My idea here was “On the H1 chart, we have a strong bearish momentum and also currently there are no signs opposing this short term bearish view. So everything looks good for the bears here as well. In addition to this, we have two key resistance zones that has formed based on the volume profile zones of the KTLI indicator and the Triple B Pro pivot levels. Until both these key resistance zones shown in the image below (marked in red) holds my short term view remains bearish here and I expect the price to move lower further”.

 

 

Current Scenario – In USDJPY, based on the above-mentioned analysis, until the three key resistance zones hold I was expecting short term bearish moves to happen here. The price respected the second key resistance zone and then moved lower as expected and provided around 280+ pips move to the downside as you can see in the image below!

 

 

 

NZDUSD – My idea here was “On the H1 chart, we have a strong bullish momentum and also currently it looks like a correction is happening. So everything looks good for the bulls here as well. In addition to this, we have three key support zones that has formed based on the volume profile zones of the KTLI indicator and the Triple B Pro pivot levels. Until these three key support zones shown in the image below (marked in red) holds my short term view remains bullish here and I expect the price to move higher further after retraces”.

 

 

Current Scenario – In NZDUSD based on the above-mentioned analysis, until the three key support zones hold my short-term view was bullish here and I expected the price to move higher further. My plan still remains the same here.

 

 

 

Bitcoin – My idea here was “On the H1 chart, we have a strong bullish momentum and also currently it looks like a correction is happening. So everything looks good for the bulls here as well. In addition to this, we have three key support zones that has formed based on the volume profile zones of the KTLI indicator and the Triple B Pro pivot levels. Until these three key support zones shown in the image below (marked in red) holds my short term view remains bullish here and I expect the price to move higher further after retraces”.

 

 

Current Scenario – My plan didn’t change in Bitcoin, that is until the three key support zones hold my short-term view still remains bullish here and I expect the price to move higher further.

 

 

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You will also find a pretty extensive database of educational materials here in the blog – just use the search or check out the Forex Education section above.

 

If you have any further questions, don’t hesitate to drop a comment below!

 

Happy Trading!

Arvinth Akash
Home Trader Club Team.