TRADEWITHBOLU WEEKLY FOREX ANALYSIS FOR EURUSD, XAUUSD, AUDUSD, EURCAD, GBPCAD ( 27TH JUNE— 1ST JULY 2022)
Hey everyone! Welcome to this Tradewithbolu week’s Analysis for the week ending July 1st, 2022. This week we will be taking a look at 5 Pairs and will be sharing our take on them. These pairs include: EURUSD, XAUUSD, AUDUSD, EURCAD & GBPCAD. let’s dive in
Firstly we would be checking out the FOREX Market News to have a heads up on what is in store Fundamentally for this week.
EURUSD
Overall, price is trading in a current downtrend, we have spotted a downward trendline currently respected. We have highlighted a potential rejection zone (Previous Support + 61.8% fib + Trendline + Orderblock). We expect price to take out liquidity and continue its push downward.
XAUUSD
We have highlighted a potential rejection zone to the downside, we can clearly spot a previous order block that broke structure and also a promising downward trendline.
AUDUSD
We have marked out a potential rejection zone from where we saw a previous break in market structure. We could see a possible rejection as price retraces back to the zone.
EURCAD
We currently can see price respecting a downward trendline, we could see a pull back to the trendline and a continued push to the downside.
GBPCAD
A previous grab in liquidity and also an order block that broke structure, we could see price make its way to our highlighted zone and a rejection to the downside.
Remember to Apply Proper Risk Management always when Trading. Best of Luck this week in your Trading Journey.
