Weekly Analysis

Looking at trends this week we notice all the $ crosses pairs are deep in their current waves in a bullish dollar trend. Its unlikely we will find opportunities on smaller timeframes to get into this current wave, we will instead wait for a pullback. This might take a few weeks. However the $jpy and $chf are showing some signs of developing a swing correction type setup, which I've discussed above.

Apart from the main pairs I had recently taken a position on that aud/chf we recently analyzed and on the nzd/chf also. The nzd/chf has since been closed off with a small loss as price gave no indication it was finding support at that 0.5090 level we mentioned.

I will likely post another 'real-time' analysis update later in the week of whatever pair I happened to be analyzing at that moment in time.

Good Trading.