22 Aug 2021

Market Commentary 8-22-2021 – NZDUSD AUDUSD USDCHF EURUSD GBPUSD

Hello everyone! This post is covering the Market Commentary for multiple assets using The Professor and Pure Price Action Technical Analysis.

Please remember that we want the candle body to close above or below the new defined range for validation to enter the trade.  Avoid getting caught in a trade with some of those wicked wicks!

Also, remember to set your trailing stop around 25 pips (using previous support resistance will give you best results).  Majority of these trades reach 50 or more pips, but protect your profit in case the trade turns around.

SL is set at the opposite side of the new defined range.

New Defined 4H Ranges:

NZDUSD – 0.685004 – 0.681495

AUDUSD – 0.715537 – 0.711758

USDCHF – 0.918195 – 0.915786

EURUSD – 1.17118 – 1.168606

GBPUSD D1
EURUSD D1
EURUSD H4
USDCHF D1
USDCHF H4
AUDUSD D1
AUDUSD H4
NZDUSD D1
NZDUSD H4

D1 Analysis:

  • NZDUSD
    • Currently in a short trend
    • Key Levels – 0.685539 – 0.680084
  • AUDUSD
    • Currently in a short trend
    • Key Levels – 0.718311 – 0.711081
  • USDCHF
    • Currently in a long trend
    • Key Levels – 0.918305 – 0.912388
  • EURUSD 
    • Overall short trend
    • Key Levels – 1.171649 – 1.167628
  • GBPUSD
    • Overall Short Trend
    • Key Levels are 1.365034 – 1.359182

Cheers to another successful week!