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The Trading Pit Week Ahead Market Outlook ( 01 - 07 April) 📊🟣EURUSD, Daily:Following last week’s analysis, the price filled up the “gap”, as we pointed out in the chart, entered into the Bearish Engulfing Order Block zone and declined. Since then, the price traded downwards with a series of lower highs and lower lows. The Euro's weakness was primarily the main force driving the market.On the 4-hour chart, the 50 period crossed below the 200-period moving average indicates bearishness, and the RSI is under 50, indicating another sign of bearishness.🟣GBPUSD, Daily:As per last week’s analysis, the price filled up the “gap”, entered the Order Block area and declined successfully. Afterwards, the pair traded sideways without creating any new market structure or breaking any significant support or resistance. The weekly chart’s moving averages point upward move, and the price action is an inside inverse hammer, indicating bullish strength. On the 4-hour chart, the RSI is below 50, indicating bearishness and the Bollinger Bands contracts indicate a flat market. Therefore, a cautious approach is needed this week.🟣AUDUSD,Daily:Following our analysis from last week, the price entered into the 4-hour Bullish Engulfing Order Block bounced off and moved upwards. The weekly price action is a Long-Legged Doji candle. On the market structure on the 4-hour chart, the price created a lower low at 0.64854 last week. However, The price immediately moved back above the broken low, indicating weakness in sustaining the market lower. However, the swing high has not been violated. Therefore, the technical picture shows a seller's market. However, a cautious approach is needed this week in the AUDUSD.Read More on our Blog 👉 https://lnkd.in/d8SfG9Ve#thetradingpit #trading #market #marketoutlook #dailynews #gbpusd #eurusd

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Dive into our latest Market Outlook to equip yourself with crucial insights to navigate through the week ahead. Our "Week Ahead Market Outlook" stands as your essential guide for making informed investment decisions. Immerse yourself in the detailed analysis today 📊 https://lnkd.in/d8SfG9Ve#thetradingpit #ivestmentperspectives #strategicdecisionmaking #weeklyforecast #marketoutlook #tradingtips #tradinginsights

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The Trading Pit Week Ahead Market Outlook ( 25 - 31 March) 📊🟣EURUSD, Daily:The US dollar’s strength came towards the end of the week even though the Fed kept the interest rates in the US at 5.5%. The price created a lower low and a lower high formation, which shows the shift in the market from buyer to seller and has bearish implications. Additionally, the 20-period moving average (blue line) crossed the 50-period moving average (red line), and the price is trading at the lower band of the Bollinger Bands indicator. Also, the MACD shows bearishness as it moves below the zero line, and the blue line (MACD line) crosses below the orange line (Signal line).🟣GBPUSD, Daily:The 4-h Bearish Engulfing Order Block from last week’s analysis tested successfully. The price declined, moved downwards and created a new market structure in the 4-h time frame. The lower highs and lower lows are accompanied by long bearish candles, indicating that the sellers are aggressive. The price closed below the 50-period moving average, indicating a bearishness and the MACD Line (blue colour) of the MACD crossed below the Signal line (orange colour) and moved under zero, indicating a bearish market. Additionally, the price left behind two areas of 4-h “gaps”.🟣AUDUSD,Daily:The previous week, the RBA and the FED kept Australian and US Interest Rates unchanged, respectively. Within the same day, the market appreciated the Aussie and created an upward impulsive move and, by the end of the previous week, retraced 100% of the move, moving downwards. On the weekly chart, this price move is shown as a bearish candle with an upper wick rejecting the 10-period and 40-period weekly moving averages. Read More on our Blog 👉 https://lnkd.in/d5aU79aJ#thetradingpit #trading #market #marketoutlook #dailynews #gbpusd #eurusd

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Delve into our latest Market Outlook to arm yourself with the key insights to navigate through the upcoming week. Our "Week Ahead Market Forecast" is your essential resource for making informed investment choices. Dive into the comprehensive analysis now 👇https://lnkd.in/d5aU79aJ#thetradingpit #investmentinsights #strategicplanning #weeklyoverview #tradingmarket #tradingtips

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