Weekly Forex Pairs Analysis- 13th of Feb- 17th feb 2022

1 GBP/USD has being in a Zigzags bearish momentum for sometimes now, it formed a consolidating moves for a week before forming a bullish reversal candle at 1.36456-1.3609 zones on Thursday this week. There was a 50% reversals of the bullish pin bar on Friday.

Trading Focus – We are taking a bearish stance with the formation of 50% reversals pin bar at 1.33740 which stand as support zone.

Tradeforextraps

EURCAD has being ranging between 1.45491-1.41694, there was a strong bullish moves last week.

After the strong bullish moves last week , we are anticipating a reversals/corrections to 1.4339 zones.

Trading Focus– Anticipating a bullish price action formation at 1.4339 zones.

TradeforxTraps

EUR/JPY has being ranging between 133.077- 128.078,there was formation of a Tailed bar on Thursday that led to a strong bearish reversals on Friday.

Trading Focus– We are anticipating a bearish reversal to 131.493, and hence, a formation of bullish price action at this zone will clue us to sustain the bearish momentum in a near term to 128.416.

EUR/AUD like all other Euro pair has a strong bullish momentum on Thursday/Friday of last week.

This happened after a ranging breakout from 1.58629-1,5583 zones.

Trading Focus– We are anticipating a bullish price action at the resistance zones 1.58629-1,5583.

USD/JPY has being ranging between resistance and support zones 116.03-113.656

Trading Focus– We are trading the bearish momentum in anticipation of a price action setup within the week.

Tradeforextraps

Tradeforextraps

GBP/JPY has being raging between 157.469-149.401 zones, there was a price action formation of Tailed bar at 157.469 resistance zone which ultimately let to a bearish reversals on Friday.

Trading Focus– We are anticipating a bearish momentum in near term to 153.158

Tradeforextraps

NZD/CAD has sustained a strong bullish trend for sometimes now, there was a price action formation of a bearish traps at 0.83341.A bullish momentum has started from the trap. We are anticipating a short term bullish momentum to 0.85720,

Trading Focus-We are anticipating a short term bullish momentum building up.

Tradeforxtraps

AUD/JPY has being in a ranging momentum after a strong bearish moves in the last weeks.it ranges between 83.889- 80.618. There was a price action formation of Tailed bar at 83.889 zones, triggering a bearish moves on Friday.

Trading Focus– We are anticipating a retest of the support zone at 80.618

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