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Forex Weekly Analysis Price Forecast / Forex Trading Signals And More (May 10th-14th May 2021)

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GBPNZD Price has formed a HS and minor double top formation

2. Looking for clear break on the structure and correction on smaller TF before decide to take short position

3. Key to wait for the price action and the completion of the correction structure before taking any position.

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GBPUSD current trading patterns are clearly pointing in the direction of a long trade That is why I am bullish on the GU pair .

GBPCAD Similarly to USDCAD , we are expecting a reversal . Watching the bottom for buying pressure to take this. good indication that it may reverse is that we’ve seen an impulse-correction-impulse leading to our area of interest. This suggests that the next move will either be a major bullish impulse OR a bullish correction. Either way, we can gain a clean entry and make some money off of it .

EURUSD Here are two main key zones to watch on . Next week these zones will be applied for a counter trend pullback trading. Watch them carefully!

EURCHF has completed its 3rd touches at the Bull Flag lower line and Daily Close above it with a Bullish KRB. IMO, A safer entry would be above the 1.1000 area with bullish signal.

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