Weekly Performance Report and Next week Analysis

Weekly Performance Report and Next week Analysis

1. EURUSD weekly Report date 22/06/2020

On 22/06/2020 the pair fell to as low as 1.1168 and then sharply moved up to 1.1349. Traders were able to buy in to recommended support levels of 1.1265, 1.1233 & 1.1194 and made an average 100 to 120 points per lot. After this the pair fell to 1.1190 on 25/6/2020

For next week it is still suggested to build buy positions on support levels 1.1220, 1.1170, 1.1150 and keep targeting the 1.1270, 1.1307, 1.1340-1.1370 profit taking zones.

Trend Changing Point is 4H closing below 1090

Technical Strength Meter suggests 70% Buying

Fundamental Strength Meter suggests 60% Buying

Speculative Strength Meter suggests 69% Buying

 

2. NZDUSD Weekly Report date 22/06/2020

On 22/06/2020 the pair made a low of 0.6380 and moved all the way up to 0.6533 hitting our 3^rd recommended profit booking zone. Then again on 25/06/2020 it fell to as low as 0.6398. Traders were able to take advantage of report and made 100-130 points per lot during the week.

For Next week it is still suggested to build buy positions at support levels 0.6400-0.6370 and keep targeting the profit taking zones of 0.6460, 0.6500, 0.6520, and 0.6550.

Trend Changing Point is 4H closing below 0.6330

Technical Strength Meter suggests                                          80% Buying

Fundamental Strength Meter suggests                                    70% Buying

Speculative Strength Meter suggests                                       68% Buying

3. USDJPY Weekly Report date 22/06/2020

On 23/06/2020 the pair made a low of 106.07 (our recommended 1^st profit booking zone). and from there the pair moved up and made a high of 107.45 on 25/6/2020. Traders took advantage of the report & made 100 – 140 points per lot

For Next week it’s still suggested to build sell positions in the resistance zone of 107.20- 107.50 targeting the profit booking zone of 106.70-106.50.

Trend changing point is 4h closing above 108.20

Technical Strength Meter suggests                                          70% Selling

Fundamental Strength Meter suggests                                    47% Selling

Speculative Strength Meter suggests                                      54% Selling

 

4. AUDUSD Weekly Report date 22/06/2020

The pair fell to as low as 0.6810 on 22/06/2020 in line with our 2^nd & 3^rd support zone from there it moved up to hit 0.6976 (our 1^st recommended profit zone) Traders took advantage and added positions on every support zone helping them to make almost 150-175 points per lot.

For Next week it’s still suggested to build buy positions in the support zones 0.6820-0.6770 targeting the profit booking zone of 0.6900-0.6945.

Trend changing point is 4h closing below 0.6730

 

Technical Strength Meter suggests                                          80% Buying

Fundamental Strength Meter suggests                                  51% Buying

Speculative Strength Meter suggests                                     71% Buying

5. USDCHF Weekly Report date 22/06/2020

The pair moved lower breaking the close range of 0.9530 - 0.9480 & fell to as low as 0.9418 on 23/06/2020 hitting the 2nd profit booking target. Traders were able to make 100-130 points per lot. 

For Next week it’s still suggested to build sell positions in the resistance zones of 0.9530-0.9550 for profit booking targets of 0.9440-0.9460.

Trend changing point is 4H closing above 0.9600.

Technical Strength Meter suggests                                          80% Selling

Fundamental Strength Meter suggests                                     66% Selling

Speculative Strength Meter suggests                                       64% Selling

 

 

6. GBPUSD Weekly Report date 22/06/2020

The pair moved up to 1.2540 on 24/6/2020 our 3^rd resistance zone for selling. On 26/06/2020 it made a low of 1.2320. The traders enjoyed 200-220 points profit per lot on this fall.

For Next week it is suggested to build sell positions into the resistance zones of 1.2420, 1.2450, and 1.2475 keep profit booking target zones at 1.2260, 1.2230, and 1.2200.

Trend changing point 1H is closing above 1.2475.

Technical Strength Meter suggests                                          90% Selling

Fundamental Strength Meter suggests                                    74% Selling

Speculative Strength Meter suggests                                       65% Selling

 

7. XAUUSD Report date 24/06/2020 & 26/06/2020

On 24/06/2020 the pair made a high of 1778 and fell to make a low of 1748 on 26/06/2020. Then again moved up to our profit booking zone at 1767-1772 Traders were short from last week with an average of 1745 and were able to exit short positions at a loss of 9-10 points but later they were able to make up their losses and moved into net profit of around 9 points per lot at the weekend.

For Next week, it is suggested to build buy positions around the support zones of 1760-1754-1748 keeping target zones 1774, 1780, 1795.

Trend changing point is 1h closing below 1745.

Technical Strength Meter suggests                                          50% Buying

Fundamental Strength Meter suggests                                    58% Buying

Speculative Strength Meter suggests                                      76% Buying

 

8. US30 (Dow Jones) Weekly Report date 22/06/2020

The Index fell to as low as 25220 on 22/6/2020 hitting our 3^rd profit booking zone and then moved up to 26290 (our 1^st recommended selling zone 26223) afterwards it fell to as low as 24837 (Our 4^th  recommended profit booking zone 24880) Traders were able to make a handsome gain of around 1200-1450 points.

For Next week it is suggested to build sell positions in the resistance area of 25900-26000, targeting 24880, 24560, 24050.

Trend changing point is 4h closing above 27200.

Technical Strength Meter suggests                                          100% Selling

Fundamental Strength Meter suggests                                      55% Selling

Speculative Strength Meter suggests                                        58% Selling

     

 

	Overall around 3200 points were made in profits this week