The following is weekly Forex market analysis for the week of 24-30 April, covering fundamental and technical outlook for Gold, EURUSD, GBPUSD, AUDUSD, and NZDUSD currency pairs.
AtoZForex – Often traders lose not because of volatile market environment nor due to lack of Forex trading experience! Traders often lose because of not doing their homework. Therefore, we decided to help you prepare for the upcoming week in our Weekly live Forex Market Analysis webinars, scheduled on Sundays.
Indeed, weekend is the time when the markets are closed – ideal to do your homework. And this is exactly what we did in our webinar on Sunday. For those of you who have participated, this article will be a reminded of what we discussed. By now you should also be reaping your earned pips. Our opened positions since last week have moved 400 pips extra in profit, on top of the 600 pips already made last week.
Weekly Forex market analysis for 24-28 April
More specifically, three of our Forex limit orders since last week have reached our final targets. These include Gold, EURUSD, and GBPUSD. Meanwhile, AUDUSD and NZUSD have successfully reached our first set targets last week as well as this week, after re-entering the short position on AUDUSD on Monday.
One point I should make about the Sunday’s Forex market analysis is the expected EUR gap down. I was genuinely surprised seeing EURUSD jump 180 pips on market opening on Monday. This development well supports a saying “trade what you see.” Nonetheless, the soar of EUR against the USD only helped us reach our EURUSD target at 1.09 Fibonacci 50% retracement level quicker.
We continue to watch for the fundamental Forex developments, covered in the first part of the webinar outlook, that are due on Thursday and Friday.
Weekly Forex market analysis for last week
The below video is our fundamental and technical analysis for Gold, EURUSD, GBPUSD, AUDUSD, and NZDUSD of last week.
In order to be prepared for the next trading week, register now and join our weekly live Forex market analysis webinar on Sunday.
What is your weekly Forex analysis? Share your view in the comments section below.