JohnFortune

JohnFortune

(Stills from Weekly Forex Forecast YouTube video)

JohnFortune

(Stills from Weekly Forex Forecast YouTube video)

JohnFortune

Further declines expected after the sell of last week with a possible deeper correction first.

JohnFortune

Last week price broke down below key support at 1.69560 hinting further declines is on the cards. A pullback and re-test of broken support turning resistance will provide a great place to start to look for Bearish set ups for shorts down towards the target and next key area of support to the downside at 1.66413.

JohnFortune

Last week priced bounced at broken resistance turned support at 1.277730. Any pullback towards this area will provide a chance to look for long set ups towards the next two key areas of resistance at 1.29425 and 1.30176 respectively.

JohnFortune

Last week price tested and held key support at 0.98599 hinting further advances. A pullback and re-test of this key area of support will provide a secondary opportunity to look for longs towards the target and next key resistance area of 1.00239.

JohnFortune

Last week price broke above key resistance at 0.69530 after a strong rally. A pullback and re-test of broken resistance turning support (and forming a Bull Flag type set up) will provide an opportunity to look for long set ups towards the target of 0.70588.

JohnFortune

Last week price broke above multiple resistance levels off of the back of both poor US data and strong Aussie data. Price finished the week above key resistance turned support at 0.76274 with a re-test of this area looking like a great place to look for long opportunities towards 0.76941 and 0.78093 respectively.

JohnFortune

Last week price failed to stay above key support at 113.186 hinting further declines. A pullback and re-test of failed support turning resistance clears the way for short opportunities towards 111.719.

JohnFortune

Last week price sold off heavily from 1.3447 breaking below key support at 1.3341. A pullback to test broken support as resistance will clear the way for short opportunities towards the multi-week range top at 1.3270.

JohnFortune

Last week price sold off from key resistance at 1.18363 and is on its way to last weeks first target at 1.17225. A break below the first target opens up target 2 at 1.16720.

JohnFortune

A late break last week above the 56.83 area hints at further advances next week. A pullback and re-test of this area will provide a great place to start to look for Bullish patterns for longs towards 58.79.

JohnFortune

Having bounced from key support at 93.455 last week price is making a run at key resistance at 94.030. A break above this area clears the way towards 94.850.

JohnFortune

Last week price advanced above key resistance at 150.071 and is now looking to come back a re-test as support forming a Bull Flag pattern. A re-test will provide a great place to look for Long opportunities up towards the target of 154.478.

JohnFortune

Last week price broke above key resistance at 133.324 before coming back to test and hold as support. This provides a great place to look for Long opportunities towards the targets and next key areas of resistance to the upside at 134.834 and 136.723 respectively.

JohnFortune

With strong economic data coming out of Canada last Friday and a weak USD, further declines are expected. A pullback and re-test of broken support, turning resistance, at 1.27730 will provide a great place to look for Shorts down towards the targets of 1.26382 and 1.25675 respectively.

JohnFortune

Last week price broke below our target and key support at 0.97622. With a failure to break back above this area we look for further declines next week towards 0.96480 and 0.95559 respectively.

JohnFortune

NzdUsd continues to range with neither currency really gaining any traction. Range top at 0.69530 is the focus as long as price is above 0.68217.