MITRA FOREX

EURUSD – Euro/dollar pops higher as uptrend continues The EURUSD broke higher last Friday from an  inside bar pattern  that formed earlier last week. We did discuss looking to buy this pair from ‘current levels’ in our  August 21st weekly market outlook , so hopefully some of you got on board. The trend is still up and we see short-term support at 1.1688 once again and we can look to buy on any weakness – we remain bullish above 1.1450 – 1.1300 key support zone. Gold – Bullish pin bar fakey combo signal could lead to uspide breakout in Gold Gold has been trending higher in recent weeks and we can see in the chart below that most recently it was consolidating near 1300.00 key resistance. Last week, price formed a false-break of this consolidation as well as 1280.00 support, which resulted in the formation of a bullish  fakey pattern . We see this pattern as a signal that price may breakout to the upside soon and continue moving higher, in-line with the recent uptrend. Traders c

EURUSD – Euro/dollar consolidating at near-term support The EURUSD rotated down to support near the 21 day ema and 1.1690 area last week. We remain bullish on this pair and we can see several bullish tailed bars have formed last week at this near-term support area. Aggressive traders may consider long entries near current levels but more conservative traders may want to wait for a larger pull back and more obvious buy signal before entering long. Key support is at 1.1450 and 1.1300 area and we remain bullish whilst above that support. AUDUSD – Aussie/dollar pulls back to key support / previous breakout area The AUDUSD has retraced lower over the last two weeks, but the trend is still up and price bounced up from 0.7830 last week – a level we discussed looking to buy from in our last weekly outlook. Notice the  bullish pin bar  that formed last week on the weekly chart below, this signal formed after a retrace down to the previous resistance / breakout near 0.7830 – 0.7748

EURUSD – Euro/dollar consolidating at near-term support The EURUSD rotated down to support near the 21 day ema and 1.1690 area last week. We remain bullish on this pair and we can see several bullish tailed bars have formed last week at this near-term support area. Aggressive traders may consider long entries near current levels but more conservative traders may want to wait for a larger pull back and more obvious buy signal before entering long. Key support is at 1.1450 and 1.1300 area and we remain bullish whilst above that support. AUDUSD – Aussie/dollar pulls back to key support / previous breakout area The AUDUSD has retraced lower over the last two weeks, but the trend is still up and price bounced up from 0.7830 last week – a level we discussed looking to buy from in our last weekly outlook. Notice the  bullish pin bar  that formed last week on the weekly chart below, this signal formed after a retrace down to the previous resistance / breakout near 0.7830 – 0.7748

EURUSD – Euro/dollar bullish trend continues The EURUSD moved slightly higher last week following a small  pull back and two bullish tailed bars on Wednesday and Thursday. The next key resistance is not seen until up near 1.2045 area, so there’s plenty of room for this pair to keep moving higher. Traders can look for pull backs to horizontal support or to the 21 day ema for buying opportunities on the 1hr, 4hr or daily chart this week. We are watching 1.1615 – 1.1480 as the primary buy-zone this week and we remain bullish whilst above 1.1300. AUDUSD – Aussie/dollar pulls back to support, forms bullish fakey pattern The AUDUSD has retraced lower over the last two weeks, but the trend is still up and price has formed a  fakey pattern as of last Friday, just above support at 0.7830. We could see price push higher this week following this fakey pattern and we remain aggressively bullish whilst above 0.7770 support. Be sure to check our  daily trade setups newsletter for updates on