Weekly Newsletter: Market Forecasts, Analysis and latest updates!

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Weekly Newsletter: Market Forecasts, Analysis and latest updates!
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Hi Friend,

Happy Monday! We hope you're ready to start the trading week with these weekly Forex forecasts.

WEEKLY FOREX FORECAST MARCH 28-APRIL 1

GBPJPY 4H Weekly Analysis - Potential Short
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GBPJPY forms a bullish channel. After a strong rally the price starts to consolidate at the trendline. Price might do a correction next week before it continues its bullish move.

The price might retest the lower trendline of the channel.

Key Levels

157.979

155.022

152.361

149.167

GBPUSD 4H Weekly Analysis
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GBPUSD forms a bearish channel. The bullish consolidation might break at 1.31546 level. If the price finds resistance at 1.31546 level it will have a higher chance of revisiting the 1.29976 level or even break that level.

A short term uptrend is forming. As long as the price doesn't break the channel it will continue to go up.

Key Levels

1.37310

1.35998

1.34643

1.31546

1.29976

AUDUSD 4H Weekly Analysis - Potential Shorts
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AUDUSD performs an expansion pattern. The bullish consolidation might break at 0.75573 level. If the price finds resistance at 0.75573 level it will have a higher chance of revisiting the 0.72754 level or even break that level.

If the price decides to break the 0.72754 level downward and find it as resistance then there will be a higher chance to retest the 0.69582 level.

Key Levels

0.77974

0.76410

0.75573

0.72754

0.71477

0.69582

EURUSD 4H Weekly Analysis
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EURUSD is bearish in the long term trend. After the impulse wave in February the price started to form a consolidation correction pattern. The consolidation might break at 1.12079 level. If the price finds resistance at 1.12079 level it will have a higher chance of retesting the 1.08135 level or even break that level.

If the price decides to break the 1.12079 level upward and make it as a new support then there will be a higher chance to retest 1.15085 level.

Key Levels

1.15085

1.13713

1.12079

1.08135

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