Good time to trade Oil at the support with a minimum risk and maximum reward (Forex Weekly Analysis)

In this video, we are talking about the direction of Dollar and other currencies along with few commodities such as Gold and Oil, using Technical Analysis as a medium to make money in the markets. Once we are clear with the direction, all we have to do is to analyze the smaller timeframe and find the entry as per the weekly direction.

For this week, the dollar looks to continue its bullish momentum whereas Gold looks indecisive but Oil looks to gain momentum.

The summarised version of all the individual currencies trend are as follows:

1. USD (Strong)
2. CAD (Strong)
3. CHF (Strong against all pairs except USD & CAD)
4. EUR (Weak)
5. AUD (Weak against all pairs except EUR)
6. GBP (Weak against all pairs except EUR & AUD)
7. NZD (Weak against all pairs except EUR, GBP & AUD)
8. JPY (Inbetween, Weak against strong currencies and strong against weak currencies)

For a detailed explanation of the analysis, please go through the video and for any queries, feel free to post it in the comment box or contact us. I hope this video would be helpful for you guys to understand the importance of Technical Analysis. Safe trading!

#forex #Trendtrading #Weeklydirection

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