Monday 13TH December to Friday 17th December 2021
AUD/CAD
Entry: 0.90892
Stop Loss: 0.91408
Take Profit: 0.88773
Comments: Wait for a DAILY candle to close below 0.91000 and make clear rebound from resistance area before entering trade.
Alternative: If price closes above 0.91550 then expect further upside towards 0.93000
Major news this week:
EUR/JPY
LONG
Entry: 126.256
Stop Loss: 128.131
Take Profit: Take Profit: 114
Comments: Unlikely to come into play this week but something to keep on your radar as it has huge downside potential. Wait for daily candle to break below 126.250 and then retest before entering trade. EU Monetary Policy Statement later this week should give further insight into future direction of EUR.
Major news this week: 16th December 2021 - Interest rates decision and monetary policy statement (EUR).
NZD/CHF
Entry: 0.62955
Stop Loss: 0.61417
Take Profits 0.67724
Comments: Slightly longer-term trade. Look for price to break above 0.62900 before entering.
Alternative: If price drops below 0.61500 then expect further downside towards 0.60000.
Major news this week:
* All trading involves risk and losses can exceed deposits. Any opinions, news, research, analysis or other information contained does not constitute investment advice.
* SPE analysts risk no more than 1% on any FX trade.