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Weekly / Daily Market Analysis and Key Levels Aug 19th to Aug 23, 2019

By Course Head in Forex Trading Commentary on 19th Aug 2019

Note: Check our weekly / daily chart analysis and important key levels. Never trade in non-trading hours. Always enter in EURO/US trade session. Always use broker that offers New York close charts which align with Australia Open and New York Close.

Disclaimer: We never advice / recommend or follow our chart analysis to trade, but simply follow as education and general information. Do your own research and aware of the risk rewards.

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Weekly Market Analysis and Key Levels - Aug 19th to Aug 23, 2019

EURUSD

Trend: Down
Key Levels: Weekly Resistance at 1.13000, Week Support at 1.05000
Market Idea: Market near our key support level at 1.11050, we look some pull back and join with sellers from 1.13000 or below with clear price action in coming up days.

EURUSD Week / Daily Analysis Aug 19th to Aug 23, 2019

EURGBP

Trend: UP
Key Levels: Weekly Resistance at 0.93200, Week Support at 0.89050
Market Idea: Market now uptrend and last week closed at our key resistance level, we look some fall down and enter long position from our recent support level from 0.89050 with clear price action signal. If price break our support level, we watch price action and go with sellers.

EURGBP Week / Daily Analysis Aug 19th to Aug 23, 2019

GBPUSD

Trend: Down
Key Levels: Weekly Resistance at 1.25000, Week Support at 1.20150
Market Idea: Currently this pair in severe down fall and we look some clear signal from our recent resistance level from 1.25000 and go with sellers with price action in coming up days.

GBPUSD Week / Daily Analysis Aug 19th to Aug 23, 2019

EURJPY

Trend: Down
Key Levels: Weekly Resistance at 120.780, Week Support at 110.790
Market Idea: Market breakout our recent support level at 118.250, we look some pull back and enter in short position with clear price action.

EURJPY Week / Daily Analysis Aug 19th to Aug 23, 2019

NZDJPY

Trend: Down
Key Levels: Weekly Resistance at 75.500, Week Support at 69.080 & 57.950
Market Idea: Market found breakout of support level, We look some pull back and enter in short market with clear price action.

NZDJPY Week / Daily Analysis Aug 19th to Aug 23, 2019

XAUUSD

Trend: UP
Key Levels: Weekly Resistance at 1533.30, Week Support at 1433.00 & 1366.00
Market Idea: Market at our resistance level, we look some pull back to our support level between 1433 and 1366, and join with buyers with price action in coming up days.

XAUUSD Week / Daily Analysis Aug 19th to Aug 23, 2019

Crudeoil

Trend: Down
Key Levels: Weekly Resistance at 60.88, Week Support at 54.800 & 50.59
Market Idea: We look some pull back to our recent resistance level or trendline resistance level and enter in short position with clear price action. If market breakout resistance level, we look some price action and enter in market.

Crudeoil Week / Daily Analysis Aug 19th to Aug 23, 2019