Forex Weekly Forecast(March 8th- 12th March 2021)
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GBPCHF Facing strong resistance and market try take retest at 1.26 level before goes Up side again. So there have no valid Confirmation for buy or sell and wait for next Trade Confirmations.
NZDCAD in daily time frame! We have a broken Channel…Price reserved from the top an ascending channel after showing Divergence on the MACD indicator price broke out of the channel that is lined with a structure level we have to wait for a retest to the broken level and will look for a bearish chance on lower time frame.
EURUSD at the moment and look for shorting opportunities.Next week consider two areas:Resistance around 1.196 based on the previous low Resistance around 1.202 based on a local daily structure I will look for a retest of these areas and look for shorting opportunities from them.
GBPNZD a drop before big rise we may see a potential drop to support zone then a big rise to 1.9790 and 2.0270 .