Good evening, time for weekly analysis and starting from this week, MTC will share analysis weekly and traders may also share your opinion at our Facebook page or comment at the website.
AUDUSD – Aussie dollar fell on Friday, pressured lower by the strengthened US dollar. We are looking at the highlighted area for short opportunity to capture the reversal trend.
EURAUD – Price trending up nicely within an uptrend channel. However, candles formed were trading in small range. We are looking at the potential trend reversal at highlighted area. Price action need to be confirmed before new entry.
AUDJPY – Price is trading near to the resistance level. We prefer to position ourselves at the short side, watching for a breakout downwards.
Tips : Set your price alert and avoid yourself being glued to the screen and make bad trading decision.
Happy Trading MTC Traders.