Instaforex Nigeria | Technical Analysis: 4 Pairs You Should Trade This Week! (14th-19th Mar)

Posted on Mar 14, 2021 at 10:59 PM
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Technical Analysis: 4 Pairs You Should Trade This Week! (14th-19th Mar)

Here's a breakdown of 4 profitable pairs that you should trade if you want to make between 50-100 pips this week. We have analysed the market prices where you should either buy or sell. by forecasting the most likely directions. Check them out below and get into the trades before the massive movement begin.

EUR/USD: Price is currently in a short consolidation; 1.1990 &1.1920. Scalp this region & watch to follow any breakout above or below these price levels.

Eur-usd-MarchWk3

BIAS: CONSOLIDATION/ Breakout.

GBP/USD: Stuck in a short consolidation between 1.4000 & 1.3885. Take entries in this region & watch to follow breakouts from anyone of these price levels.

Gpb-usd-March-wk3

BIAS: CONSOLIDATION/Breakout

USD/CAD: Price is expected to pull back to 1.2540 before selling further. However, a break above 1.2580 will indicate a Bullish power.

USD-cad-march-wk3

BIAS: BEARISH

EUR/JPY: Price is expected to reverse to 1.3000 before further Buying. But a break below 129.80 indicates Bearish power.

Eur-jpy-March-wk3

BIAS: BULLISH.

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