Weekly Charts Analysis – Forex Forum

Weekly Charts Analysis

XAUUSD –Gold Weekly Chart

Supports : 2415.00 , 2390.00 & 2295.00

Resistances : 2485.00 , 2525.00 & 2615.00

Gold is in a Very Bullish Formation, but needs to take out the previous High to avoid possible double top .

Pattern wise, it is going for 2615.00 , but watch the support at 2390.00 – it separates it from a deeper correction.

 

 

 

USDCAD Weekly Chart

Supports :  1.38100 , 1.37650 & 1.36750

Resistances : 1.38950 , 1.39800 & 1.42500

Bullish Formation, with first target at 1.42500

Watch for Sudden drops ( something Loony is famous for 😀

 

 

 

USDCHF Weekly Chart

Supports :  0.84700 , 0.83300 & 0.80000

Resistances : 0.87650 , 0.87950 & 0.88850

Dollar obviously lost a footing with CHF, and now only question is if the support at 0.84700 can hold further losses.

As long as it does, new attempts to Up will follow.

However, if the support lost, USDCHF future would be very bleak

 

 

EURCHF Weekly Chart

Supports :  0.93050 , 0.92500 & 0.85000

Resistances : 0.94750 , 0.95250 & 0.96050

The above mentioned Support at 0.85000 is the Low that happened back in 2015. when Swiss Central Bank lifted any support to prevent CHF from getting over strong.

Are they going to Intervene this time – who knows….costs a lot and history showed us that such a drop is short lived….

It is exactly opposite of what BoJ is doing – preventing Yen to be super weak….

Technically , EURCHF is going Down…

 

 

Weekly Charts Analysis

Join our Trading Club to get Daily Updates and Trading Tips , and to learn from our Best – Click HERE to Join

Get Your FREE Trial of The Amazing Trader – Click HERE