FFP Weekly Projection (11/8/2020 – 11/14/2020) 💱

See which currency pairs we look forward to trading, this week, at Forex Free Press!

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USDJPY: FFP Weekly Projection
USDJPY (4h)

⬇️ USDJPY has been in a clean downtrend (1D), since December 2016.
⬇️ Price broke past the ~103.989-104.155 zone, which is near the 38.2% level on the Fibonacci Retracement tool.
⬇️ The EMA (50) is above the candlesticks.

We will be waiting until price retraces to, and retests on, the ~103.989 zone, at which point we will be looking forward to SELLING.

AUDCAD: FFP Weekly Projection
AUDCAD (4h)

⬆️ AUDCAD has been rising, since October 20, 2020.
⬆️ Price broke past the ~0.94340-0.94472 zone, which is near the 38.2% level on the Fibonacci Retracement tool.
⬆️ The EMA (50) is below the candlesticks.

We will be waiting until price retraces to, and retests on, the ~0.94340 zone, at which point we will be looking forward to BUYING.

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