The USD and the AUD were the winners of the week with 204 and 135 pips (on average based on my statistic tool). To their antipodes the EUR and CHF with -210 and -131.
The Eur/Usd, Gbp/Jpy and Eur/Aud moved outside their comfort zone and looks like they will create new ones. My motto is that pairs are “lazy” and prefer to stay inside the predefined ranges but they cannot do it forever. Those pairs could offer us nice trades when retesting the breakout areas.
The week before Gbp/Usd and Gbp/Aud made moves that were not based on solid fundamentals and are now moving back to the “expected” levels.
Usd/Jpy is trying to move higher and I think that it will succeed and finally the Aud/Usd displayed a small loss for the week but it has the potential to move higher.
The FOMC statement on Wednesday is the only report (IMHO) that is really important for this week. Keep an eye on your charts during the announcement. All details can be found in the following video.
The Eur/Usd, Gbp/Jpy and Eur/Aud moved outside their comfort zone and looks like they will create new ones. My motto is that pairs are “lazy” and prefer to stay inside the predefined ranges but they cannot do it forever. Those pairs could offer us nice trades when retesting the breakout areas.
The week before Gbp/Usd and Gbp/Aud made moves that were not based on solid fundamentals and are now moving back to the “expected” levels.
Usd/Jpy is trying to move higher and I think that it will succeed and finally the Aud/Usd displayed a small loss for the week but it has the potential to move higher.
The FOMC statement on Wednesday is the only report (IMHO) that is really important for this week. Keep an eye on your charts during the announcement. All details can be found in the following video.
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