• Duncan Cooper , Senior Market Strategist & Trading Mentor at ACY


• 27.02.2022 11:15 am
#stocks , Duncan Cooper is a full-time trader and mentor and the Senior Market Strategist at ACY Securities. Trading full-time since 2009, Duncan's insights are from the battleground of real-time markets, not theory, and he thrives on educating traders to reach their financial goals.

Overview:

Watch the video for the key trading levels for the week ahead for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD.

Last week we saw a highly volatile market driven by Russia invading Ukraine. AUDJPY and AUDUSD held positive gains, EURUSD, GBPJPY, and GBPUSD finished down, and EURJPY finished flat for the week. Expect more volatility this week as tensions further escalate.

AUDJPY Daily chart:

Monthly support at 78.46, resistance at 85.80.

Weekly support at 82.01, 80.36, and 78.83, resistance at 83.97 and 84.29.

Daily support at 82.27, resistance at 83.73.

Price was held by the 82.01 weekly support level and the 83.73 daily resistance level last week. Price is just holding to an uptrend in a trading range. Will price hold at the 83.73 daily resistance level and trade back down to the 82.01 weekly support level this week?

AUDUSD Daily chart:

Monthly support at 0.6991.

Weekly support at 0.7106 and 0.6991, resistance at 0.7313.

Daily support at 0.7086, resistance at 0.7249 and 07276.

Price was held by the 0.7106 weekly support level and the 0.7276 daily resistance level last week. Price is just holding to an uptrend in a trading range. Will price hold at the 0.7276 daily resistance level and trade back down to the 0.7106 weekly support level this week?

EURJPY Daily chart:

Monthly support at 127.37, resistance at 133.12.

Weekly support at 128.24, and 127.92, resistance at 131.59 and 133.47.

Daily support at 129.23, resistance at 130.15.

Price rejected the 127.92 weekly support level last week finishing in the middle of the trading range. Will price further decline to retest the 127.92 weekly support level or rally to retest the 131.59 weekly resistance level this week?

EURUSD Daily chart:

Monthly support at 1.0879, resistance at 1.1495.

Weekly support at 1.1221, 1.1186, and 1.1121, resistance at 1.1482 and 1.1524.

Daily support at 1.1121, resistance at 1.1272, 1.1280, and 1.1386.

Price rejected the 1.1121 weekly support level last week finishing at the 1.1272 daily resistance level. Will price hold at the 1.1272 daily resistance level and decline back down to retest the weekly support levels?

GBPJPY Daily chart:

Monthly support at 148.45, resistance at 156.07, 156.59, and 158.21.

Weekly support at 152.84 and 149.00, resistance at 156.07.

Daily support at 152.89, resistance at 155.30.

Price declined below the 155.30 daily support level last week. Will price continue to decline down to retest the 152.84 weekly support level this week?

GBPUSD Daily chart:

Weekly support at 1.3357 and 1.3168, resistance at 1.3643.

Daily support at 1.3357, resistance at 1.3430,1.3490, and 1.3627.

Price rejected the 1.3357 weekly support level last week. Will price move below the 1.3357 weekly support level and test the 1.3168 weekly support level this week?

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