<center>![forexbrokr-steemit-header.png](https://cdn.steemitimages.com/DQmQ4Q8T59rTLzpY9SxBnuSHLZoAKYd4cyhYgXWcTmapWeC/forexbrokr-steemit-header.png)</center> *Direct from the desk of Dane Williams,* *This is not your average forex broker blog.* --- Afternoon team, It's time to simplify my analysis. **My goal with the @forexbrokr brand is to help new traders get their start trading forex and to cut the bullshit that certain brokers and education providers charge newbies an arm and a leg for.** But from all the DMs that I get over on the [@forexbrokr Twitter](https://twitter.com/forexbrokr) account from new traders, the majority of them tell me that my analysis and trading strategy is too confusing for them as n00bs. Totally fair enough. Because as soon as I try to explain things, I begin talking about all these different lines and boxes across multiple time frames that I've drawn on my charts, and I can immediately understand where their confusion coming from. While there's always going to be a learning curve to market jargon if someone is coming in completely fresh to trading, I definitely realise that I need to make things clearer. **Keep an eye out for an update to my free forex trading course where I will now go over drawing support/resistance, reading candle patterns and finally combining support/resistance and candle patterns to make money trading forex.** A simpler, more actionable strategy for new traders to learn and then clearer analysis to from that. Best of probabilities to you, Dane. --- ### Technical Analysis But while I complete the update of my free forex trading course, lets get into some technical analysis and go over some of the key support/resistance zones that are in play for the upcoming week. Starting with *the majors*, here are the zones that I will be talking about during my daily market analysis blogs and then trading around inside my Inner Circle email. #### EUR/USD **Daily:** [![190921-eurusd-d1.png](https://cdn.steemitimages.com/DQmejENY1Cficf8BouSNuwU8QfvcK7bbBLGZr5syURC6E4S/190921-eurusd-d1.png)](https://cdn.steemitimages.com/DQmejENY1Cficf8BouSNuwU8QfvcK7bbBLGZr5syURC6E4S/190921-eurusd-d1.png) * Higher time frame bearish trend. * Below higher time frame support/resistance. After [EUR/USD printed a pin bar at resistance](https://steemit.com/forex/@forexbrokr/eur-usd-prints-pin-bar-at-resistance), you can see that price then moved up to the top of the daily resistance zone. But after coming back down to below the bottom of the pin bar now, it'll be interesting to see if we can trade the Euro lower. #### GBP/USD **Daily:** [![190921-gbpusd-d1.png](https://cdn.steemitimages.com/DQmYW6mxW1LTmksPRcuLGSPayVBNyAsrEG43AyoGqxuHknM/190921-gbpusd-d1.png)](https://cdn.steemitimages.com/DQmYW6mxW1LTmksPRcuLGSPayVBNyAsrEG43AyoGqxuHknM/190921-gbpusd-d1.png) * Higher time frame bearish trend. * Below higher time frame support/resistance. Price is [currently testing GBP/USD resistance](https://steemit.com/forex/@forexbrokr/first-zone-of-gbp-usd-resistance-tested-for-weeks). Now after Friday's daily candle close, I'm interested to see if price moves back below the zone and we can get short on an intraday retest. #### AUD/USD **Daily:** [![190921-audusd-d1.png](https://cdn.steemitimages.com/DQmTFGQTtH7XsLJ6Rn4YewCobSKavetL6GVSdsAbqmEwEyq/190921-audusd-d1.png)](https://cdn.steemitimages.com/DQmTFGQTtH7XsLJ6Rn4YewCobSKavetL6GVSdsAbqmEwEyq/190921-audusd-d1.png) * Higher time frame bearish trend. * Below higher time frame support/resistance. After [AUD/USD turned at resistance](https://steemit.com/forex/@forexbrokr/aud-usd-back-above-daily-support-resistance-or-is-it) last week, price has now moved into a bit of no-man's-land between support/resistance zones. Not on my radar to initially start the week. #### USD/JPY **Daily:** [![190921-usdjpy-d1.png](https://cdn.steemitimages.com/DQmNbQDqkbb7jjtsdsrBLDTuXKzaHDCjVPJZu2qY3uczrDM/190921-usdjpy-d1.png)](https://cdn.steemitimages.com/DQmNbQDqkbb7jjtsdsrBLDTuXKzaHDCjVPJZu2qY3uczrDM/190921-usdjpy-d1.png) * Higher time frame bearish trend. * Above higher time frame support/resistance. [USD/JPY has moved to resistance](https://steemit.com/forex/@forexbrokr/usd-jpy-moves-cleanly-to-top-of-channel) but I'm not sure if it's completely broken above just yet. This one is at a really interesting, tradable spot because if it can find some buyers at this confluence of support, then it could really run. --- ### Economic Releases **Monday:** CNY Manufacturing PMI NZD ANZ Business Confidence CNY Caixin Manufacturing PMI GBP Current Account **Tuesday:** NZD NZIER Business Confidence CNY Bank Holiday AUD Building Approvals m/m AUD Cash Rate AUD RBA Rate Statement CAD GDP m/m USD ISM Manufacturing PMI **Wednesday:** CNY Bank Holiday USD ADP Non-Farm Employment Change USD Crude Oil Inventories **Thursday:** CNY Bank Holiday EUR German Bank Holiday USD ISM Non-Manufacturing PMI **Friday:** CNY Bank Holiday AUD Retail Sales m/m CAD Trade Balance USD Average Hourly Earnings m/m USD Non-Farm Employment Change USD Unemployment Rate --- <center> ![forexbrokr-logo1.png](https://cdn.steemitimages.com/DQmaxvSYUbUN1YBHWxNLLwJbu1drkHgm9pk61EkA7uUgjGX/forexbrokr-logo1.png) # *@forexbrokr | Steemit Blog* *Market Analyst and Forex Broker.* [Join my Inner Circle ⭕️](https://forexbrokr.substack.com/subscribe) </center>
post_id | 80,212,466 |
---|---|
author | forexbrokr |
permlink | market-preview-key-support-resistance-zones-to-prepare-for-the-week |
category | forex |
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created | 2019-09-22 02:05:30 |
last_update | 2019-09-22 02:05:30 |
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root_title | "Market Preview - Key Support/Resistance Zones to Prepare for the Week" |
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