Mixed signal.
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| NZD vs JPY W1 |
This is the weekly chart of NZD vs JPY. Price did break a swing low and is about to test the next swing low. The 75 level is a level of interest. As price approaches this level it catches my interest. That's why this asset is listed here.
AUD vs NZD
Mixed signal.
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| AUD vs NZD W1 |
This is the weekly chart of AUD vs NZD. Price did form an Outside Bar (and a Bullish Engulfing Pattern). Basically the Outside Bar is a continuation pattern. Here it would be a reversal signal. I do not really differentiate between an engulfing pattern or an outside bar. What counts is the engulf. But here the Bullish Engulfing Pattern is not confirming. We have two narrow candles. However, the market likes to test levels. The next relevant level is marked with the two red horizontal lines and is resting at a level of interest. The trend is bullish with a series of higher highs and higher lows.
EUR vs JPY
Mixed signal.
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| EUR vs JPY W1 |
This is the weekly chart of EUR vs JPY. This asset is still trading inside the narrow congestion zone. It is well worth to keep an eye on this asset.
AUD vs CAD
Mixed signal.
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| AUD vs CAD W1 |
This is the weekly chart of AUD vs CAD. Price is at an interesting level. Price attempts to break a swing low but failed so far. We see a test of a level of interest. Last week closed as an Indecision Candle. This catches my interest.
NZD vs CAD
Mixed signal.
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| NZD vs CAD W1 |
This is the weekly chart of NZD vs CAD. Price failed to break the swing low and is at a level of interest. It is worth to keep an eye on this asset as well.
Cross-Currency-Analysis
AUD vs CAD and NZD vs CAD are at a level of interest. There are no setups yet, but if you plan to trade any of these pairs, you might want to look at AUD vs NZD first. AUD vs NUD did print a Bullish Outside Bar, which is a bullish signal. Hence AUD appears stronger compared to NZD. So if I were to trade any of these two assets, I'd put more focus on AUD vs CAD.
If you have any questions or would like to give feedback, please leave them in the comments section below.
Happy Trading,
TT
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