WEEK SUMMARY: EUR/JPY, GBPJPY, and XAUUSD (Gold)

 WEEK SUMMARY: EUR/JPY, GBPJPY, and XAUUSD (Gold)



In a nutshell, our week had a 100% success rate. All our analyses reflected the actual direction of the market. Our primary focus was on EUR/JPY, GBP/JPY, and XAUUSD. To get the number of pips we attained, here is the PIPS Calculator. As we prepare for our next week’s analysis coming in from Sunday 6:00 PM, make good use of our Position Size and Risk Calculator to have a plan on your money management matters.

EURJPY Analysis

As a long term trader, I am still holding my sells to the zone below 129.531.

Our Week was: 

AnalyticDave

GBPJPY Analysis

The potential of dropping to around support area 149.62 is still on. Risk management and patience.

Our Week was:

AnalyticDAVE

XAUUSD GOLD NFP Analysis

Our pre-Non-Farm Payroll analysis was that the BUY ZONE should be between 1787 and 1784 with a take profit strategically placed between the area between 1809 and 1820. The market closed at 1817, meaning it was a WIN for analytic Dave.

via Analyticdave

 

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Q1: What is the best trading indicator?
A: Commonly used indicators include Moving Averages, RSI, MACD, and Bollinger Bands.

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