Dollar looks weak whereas Gold looks to continue the bullish trend (Forex Weekly Analysis)

In this video, we are talking about the direction of Dollar and other currencies along with few commodities such as Gold and Oil, using Technical Analysis as a medium to make money in the markets. Once we are clear with the direction, all we have to do is to analyze the smaller timeframe and find the entry as per the weekly direction.

For this week, the dollar looks weak and Gold looks strong. Oil needs to breakout on either of the side

The summarised version of all the individual currencies trend are as follows:

1. JPY (Strong)
2. CHF (Strong)
3. USD (Weak)
4. CAD (Weak)
5. EUR (Strong against all pairs except JPY & CHF)
6. NZD (Strong against all pairs except JPY & CHF)
7. GBP (Weak against all pairs except USD, EUR & CAD)
8. AUD (Weak against all pairs except USD, NZD & CAD)

For a detailed explanation of the analysis, please go through the video and for any queries, feel free to post it in the comment box or contact us. I hope this video would be helpful for you guys to understand the importance of Technical Analysis. Safe trading!

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#forex #Trendtrading #Weeklydirection
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