Weekly Forex Trade Analysis & Chart Analysis by ZR Traders – September 7th to September 11th, 2020

Weekly Forex Trade Analysis & Chart Analysis by ZR Traders – September 7th to September 11th, 2020

Weekly Forex Trade Analysis & Chart Analysis by ZR Traders – September 7th to September 11th, 2020

GOLD (Spot) 

Short Term Trend: Bullish

Short Term Key Levels: $1560, $1640, $1670, $1790, $1816, $1866, $1918 to $1925, $1946, $2000, $2070

Target 1st TP 1931 TP2  1946

Price Action Signals: Price is pushing higher from a Bullish Trend formed at the $1925 support level last week (a key area we have been watching for buying opportunities).

Potential Trade Idea: We will consider trading long after a retracement to around the $1866 to $1905 support area, and after a price action buy signal on the 4 hour or daily chart time frame to confirm an entry, in anticipation of a move higher back towards $2000 and then possibly back to $2070 (recent all time high).

NOTE – You can trade on Spot GOLD and preferred quick signals Register HERE.GOLD TRADING ANALYSIS

EURUSD (Spot)

Short Term Trend: Bullish

Short Term Key Levels: 1.0990, 1.1140, 1.1180, 1.1415, 1.1500’s, 1.1700, 1.1815, 1.1910, 1.2080 (old major level)

TP1 1.1865 TP2 1.1910 TP3 1.1960

 

Price Action Signals: Price broke up from a multiple Inside Bar Pattern late last week.

Potential Trade Idea: We will consider trading long after a retracement and after a price action buy signal on the 4 hour or daily chart time frame to confirm an entry, whilst prices hold above the 1.1815 to 1.1960 key support area,.

NOTE – You can trade on Spot GOLD and preferred quick signals Register HERE.

EURSUD FOREX TRADING ANALYSIS

GBPUSD (Spot) 

Short Term Trend: Bullish.

Short Term Key Levels: TP1 1.3206 TP 1.3236 TP3 1.3267 TP4 1.3298

Price Action Signals: Price moved up from a Bullish Pin Bar that formed at the 1.2980 level several weeks ago. (event area)

Potential Trade Idea: We will consider trading long after a price retracement and after a price action buy signal on the daily chart time frame to confirm an entry, whilst prices hold above the 1.2640 t0 1.2810 key support area, in anticipation of a bounce higher back towards the 1.3180 level.

NOTE – You can trade on Spot GBPUSD and preferred quick signals Register HERE..

GBPUSD TRADING ANALYSIS

 

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