Weekly Analysis For USOIL, GBPUSD, And USDCAD 4/11/2018


This article originally appeared on Bitcoin Trading Broker

As I’m getting ready for the upcoming trading week, I choose 3 assets and marked their critical level to look for positions.

GBPUSD – For the swingers forex traders, GBPUSD is bullish at the moment, it seems the price tends to reach the resistance zone above us, i marked the demand below as a great Continuation level to look for buy position, it is also a Quasimodo pattern which considers a very reliable one, if the price will return that demand before reaching the resistance Above, I’ll buy there.

USDCAD – The key levels that i marked on USDCAD are great levels for intraday forex traders, the demand below seems like a great continuation level of buy position, the price jump From that level very fast and strong, which indicates on unfilled orders on that level, i’ll buy at this level and my target will be the supply above which is also a great level of sell Position.

USOIL – For the long terms, the USOIL seems on his way down to reach 59.00 zones, I marked the supply above as a great continuation level of sell position, if the price will return That supply, I’ll sell there and my target will be 59.00 zones.

 

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