Weekly Forex Analysis 03/20/17-03/24/17

Hey Beautiful people,

**Disclaimer: Please note, I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. **

This week, I will be concentrating on pairs with both bullish and bearish trend trading opportunities. Remember to have a trading plan and to trade that plan (i.e reasons for an entry and most important an exit). If you miss an opportunity, DO NOT chase the dragon it will always in one way or another be a losing battle for you. As always, remember the trend is your friend until it bends  :-)

1) #EURUSD (Daily) -  Last week, this bold beauty continued on her bullish streak inching closer to the 1.0843 resistance level, so trade this posh gal with caution. On a monthly TF there is plenty of room for this sexy girl to aspire as high as 1.14... then again she may continue her downward spiral into the unknown. 1) If the 1.0843 level isn't conquered then when given a bearish opportunity short (sell) this girl toward 1.0670. 2) If given bullish opportunity at (1.0670-1.0615) take a long (buy) entry on this pair back up towards 1.08 and/or above. Depending on your position, expect at least 200+ pips profit from this bad girl this week.  

2) #USDCAD (Daily) - Last week this Queen of Damned continued along her fairly large weekly consolidation range between 1.36-1.30 for the last few months, but failed to top the previous week's high & made a new low indicating weakness. If given a bearish opportunity between 1.3407-1.35 go short (sell)  to the bottom of the range towards 1.3023 with TP1 @ 1.3280 and/or lower. Expect at least 300+ pips out of this tattered beauty.

3)#USDJPY (Daily) - Last week this girl showed us all how big & bad she with a sneeze after the Fed increased US interest rates, taking all the kings horses and all the kings men down with her from 115.45 to the 112.60 level. If she decides to test her luck again around 113.60 114.23 and fail, plan to short (sell)  this bad girl with no hesitation back down towards TP1 @ 111.47; TP2 @ 110.13 and/or lower especially if the 111.23  support level does not hold. Also, be on the look out for some HUGE pips if she fails to hold her weight at the 109.43 support level in the coming weeks.  Expect at least 200+ pips out of this black widow this week. 

Xoxo, Deuces :-*