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Blake Morrow of #ForexAnalytix talks about the week ahead in markets and how the US Dollar moved aggressively this week. He talks about how his trading was the first part of the week and then how things turned sour for him at the end of the week and why!
He also discusses some of the reasons why the US Dollar may temporarily find a high as sentiment is becoming extreme. Also, he talks about some of the key levels in the EURUSD, GBPUSD (after its epic fail) and how the AUDUSD has finally gotten to some key levels of interest (for bulls like him) that he has been referencing in past Week Ahead videos.
The USDJPY has been affected by official Japanese intervention and how it could influence other JPY pairs as well.
He does note that GOLD remains bearish while below the 1700 level and how the S&P may have key support below the 2022 lows of the year.
Also, Crude oil has broken a major trend line and could trade towards the mid 70’s. Blake also remains you we are at month end and quarter end which could influence the market this week!
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