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WEEKLY R€PORT
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Pairs in spotlight this week (1/2)
EUR/NZD
Analysis:
EUR/NZD continues to
move in the range
between major levels of
supply and demand.
Direction
SELL
Should price continue in
this fashion, we expect a
further decline down to
our support zone at the
1.75000 magnet. With
the likelihood of risk off in
the markets this week,
NZD could assist our bias.
Key Level(s)
1.75000
Notes:
Chart:
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Pairs in spotlight this week (2/2)
XAU/USD
Analysis:
We have mixed views on
Gold this week.
Direction
Should price reject the
median zone of the
channel, we expect it to
rise to the upper limit
level of 1930.00. Should
price pass through the
median zone, we expect it
to decline to 1823.00.
Two ideas, one decision
point.
Neut
Key Level(s)
1930.0 L 1823.0 S
Notes:
Chart:
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Mentors’ top picks
z
z
Technical analysis
Technical analysis
CAD is super strong against
the basket. Solid rejection at
key resistance with a daily
bearish engulfer indicates
trend continuation.
Focused on a potential
breakout in GA. Should
price break free of the daily
50EMA, I expect a rise to
1.82500 resistance zone.
Fundamental analysis
Fundamental analysis
Soft US Jobs data indicate a
slower recovery across the
US economy. Better news on
Trump should lift stocks this
week weighing heavy on the
greenback!
Potential Brexit deal news
keeping GBP afloat. It could
go either way but my bias is
assisted by a weak AUD.
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Currency Strength Indicator
¥
JPY
$
USD
N$
NZD
£
GBP
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Weekly data releases
Every week, world economies release important pieces of
data that affect the movement of the markets. Some
more significantly than others – here are the most
important ones we will be looking at this week.
07/10/2020
ECB President Lagarde
Speaks
13:10 GMT
€
C$
A$
AUD
06/10/2020
RBA Interest Rate
Decision
04:30 GMT
09/10/2020
Employment Change
13:30 GMT
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Meet our mentors
Our professional traders and mentors, with decades of trading
experience combined, are here to make sure you become a successful
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Over 50 years of combined
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More than 10,000 students from
all around the world.
Max is a diligent and pro-active individual
with a wealth of experience in technical and
fundamental analysis.
Andrew Lockwood
Andrew is a former pit trader from the City of London
who has successfully adapted to the world of online
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with over 15 years professional trading
experience.
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