Wow, it's hard to believe that we're cruising into the third week already!
What the heck... Like when did we even begin August?
Well, that's exactly how it is - time is the only resource on earth that can never be recovered once lost!
Seize the opportunity to make money this week and don't let it go. Check out the price moves of the major currency pairs this week:
The EUR/USD pair went through reversals during midweek and as a result, a strong Bullish reversal may have started.
Here's what to do: Continue to watch the price rise all the way to the 1.1840 or 1.1850 price level.
However, note that a drop below the 1.760 price level will result in a bearish trend.
P.S. BIAS: Bullish
As for the USD/CAD pair, the "Bears" have it till the 1.3800 price level.
However, if the price rises above 1.3890, a further Bullish trend will be observed till the 1.3940 price level.
Our advice? Watch these levels and trade off them!
P.S. BIAS: Breakout
The pair is consolidating (as at the open of the market), with support at the 1.2490 price level and resistance at 1.2580.
Our advice: Buy and Sell for these levels or follow breakouts as soon as they occur.
P.S. BIAS: Consolidation/Likely Bearish
As at market-opening, we're watching out for a drop in price (sell), but a stronger Euro may push price back into a Consolidation with support at the 129.25 price level and resistance at 129.80.
Our advice: Buy and Sell from these levels and follow breakouts once they occur.
BIAS: CONSOLIDATION/ Breakout
There you go! With the price prediction now at your fingertips, you're set to rock some profits.
Go ahead, analyse, trade and make some money!
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!
Yet To Make Your First Deposit On 7BForex?
Get up to a 100% bonus on your first deposit starting from N5,000 right away! Click here to log in to your client cabinet and make your first deposit now.
Need To Replenish Your Account?
Log into your client cabinet to replenish your account right away and get in the market early!