Forex Week #20 2017

This week is going to be less chaotic than the last weeks. I expect certain movements in price this week. Wish you all the best.


Trend: EMA50 > EMA100 > EMA200 àUptrend

Price just bounced off Fibo 0.23-level. I’d expect price to go down to 1.0000. Place a buy-stop here. If price breaks through 1.0160 buy here. Put your stop-loss below the trendline and trail it there.

Seasonal: 57% up, avg 85 pips up and 88 pips down.


AUD gained fundamentally in strength. The index of the commercials gained 16 (104 weeks) to 42 points (13 weeks). So AUD is still strong and price will rise.