It's another week in August!
Not just any random week, but a purposeful one to trade and make more money from the Forex market.
From our analysis desk, we present to you: Technical Analysis on the Major Pairs!
Ride on them to make profits from N10,000 this week!
Following the market-moving news on Non-Farm Payroll (NFP), significant activity can be observed in the market price. As a result, we will keep tabs on price and watch the market for a sell position.
However, a break above the 1.1800 price level would trigger a buy trend. See more details in the screenshot below.
P.S. BIAS: Bearish
The GBP pair is currently resisting the might of the USD pair and the price is expected to range from 1.3935 to 1.3865.
However, a decline (sell) may occur if the price breaks below the 1.3865 price level.
P.S. BIAS: Bearish
From close observation, the price level for the USD/CAD pair is ranging between 1.2575 and 1.2500.
Therefore, watch out for breakouts from these price levels while we scalp within the consolidation.
P.S. BIAS: Consolidation/Likely Bullish
A massive bullish recovery can be observed. However, a further SELL is anticipated.
Therefore, a break below the 129.60 price level will trigger SELL opportunities while a rise above the 129.90 price level could further increase the price.
P.S. BIAS: CONSOLIDATION/Breakout
That's all we've got for you this week. Ride on them and make cool profits!
Make Between N5,000-N10,000 With This Analysis By Joining These Trades NOW!
We have concluded the analysis and highlighted the most profitable prices. Go ahead and trade them, set your TP/SL prices and watch how the markets respond to each of the pairs!
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