I hope that some of you make some money from the head and shoulder down move on EURUSD last week. Although the price did not hit my price target and move further up, you should have made some profit from it. Below is the analysis for this week.
1) Forex Trading Signal For EURUSD
Forex Trend Analysis
4 Hourly Chart: Strong BullishThe overall trend for this pair is pretty strong and it is UP.
Forex Technical Analysis
Hourly Chart
On this chart, there is a formation of a double top but the price has not touched on the neckline yet.
EURUSD HourlyOverall Forex Analysis
I will wait for the price to break below the neckline before I enter a short trade.
2) Forex Trading Signal For GBPJPY
Forex Trend Analysis
The overall trend for this pair is flat and it looks to me that it is consolidating and a big breakout is likely to occur.
As a whole, there is nothing much to talk about for this pair as there is no specific pattern forming.
Other
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