• Vasily Trader


Hey traders,

here is a brief technical outlook of 4 peculiar instruments to watch this week.

1️⃣ Silver ( XAGUSD ) - Monthly time frame

The price is approaching a key monthly structure.

21.6 - 22.1 is a zone from where I expect a pullback.

Look for a confirmation on lower time frames to buy wisely.

2️⃣ GBPJPY - Weekly time frame

Though during the summertime the pair was trading in a bearish trend ,

ahead is a key weekly rising trend line .

Approaching that, a pullback will be expected.

Alternatively, its bearish breakout will lead to a strong bearish rally.

3️⃣ AUDNZD - Daily time frame

The pair keeps falling.

Trading within a falling parallel channel the price is close to its support.

Being quite oversold, chances are high to see a pullback from that.

For trend-following opportunities wait for a test of the channel's resistance,

for now, it is the closest point to sell from.

4️⃣ NZDJPY - Weekly time frame

The pair has recently retested a major broken weekly trend line .

Showing a positive, bearish reaction from that the outlook for the market is very bearish ,

most likely the fall will continue.

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