TRADEWITHBOLU WEEKLY FOREX ANALYSIS FOR EURUSD, XAUUSD, NZDCAD, USOIL( 21STH NOVEMBER — 25TH NOVEMBER 2022)
Hey everyone! Welcome to this Tradewithbolu’s weekly Analysis for the week ending November 25th, 2022. This week, we will be taking a look at 4 Pairs and will be sharing our take on these pairs. These pairs include: EURUSD, XAUUSD, NZDCD, USOIL. 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
Perice indicating a potential bearish movement due to the series of lower highs formed. We have seen a break of the current support zone. We expect a retest, and a continuation to the downside.
XAUUSD
Price showing signs of weakness, as we see price currently forming Lower highs, we expect a break of that support zone and a retest of it as price makes it way back to the downside.
NZDCAD
We have seen a respect of a current upward trendline, we could see price make another touch of the trendline as it makes it way back to the upside.
USOIL
Price currently is on a bearish move. we could see a retest of the previous support zone which could now act as aa resistance and we would see price move further to the downside.
Ensure you validate entries with candlestick patterns as extra confirmations
Remember to Apply Proper Risk Management always when Trading. Best of Luck this week in your Trading Journey.
