USDJPY finding some resistanceUSDJPY is finding some resistance at 104.31 levels. Prices look like it will drop and head down 103.82 before making its next move lower or higher
Alexchan
EURUSD Bullish PushEURUSD seems like it'll have some steam to push up in the near future. Make sure to wait for the trend line to break before entering into the trade
AUDCAD RSI DivergenceLooking to short AUDCAD to the 0.9940 area. With prices losing momentum and a clear bearish divergence signal. There's good oppoutunity for prices to go down to 0.9940 area or lower.
Gold Bearish outlookLooking to start shorting Gold in the near future. 2 possibilities can happen right now prices making a clear break below 1307.00 and heading lower, or prices heading back up towards 1350.88 levels before making it back down
EURGBP losing momentumEURGBP has seemed some bullish movement, but it seems like its going to end soon. With a weekly trendline at 0.8660 and an upper wedge forming with a possible fake out. EURGBP might head back down a bit before making its next move.
USDJPY Pattern BreakoutA clear triangle pattern could be seen forming on USDJPY. With prices having the potential to break away both ways, I suggest waiting and seeing where it would break out first.
AUDUSD Potential Lower FlagWith a support line, fib level and a underlining trend line, a good buy position could be placed towards the upper region of the channel.
USDJPY potential shortLooking to short USDJPY at the resistance level of 102.50 lower. As the general daily/weekly trend seems to bearish, this position will be a good continuation play.
NZDUSD Breakout playA clear breakout could be seen on NZDUSD. Like always, this will provide a great opportunity to short the pair after a proper retracement. A position could either be opened now or at the 38.2% region. Trade with care
GBPUSD Shorts continueLooking to continue shorting GBPUSD. In the higher timeframes, we can see the pound consolidating within a channel, making lower and lower highs. I suspect the pound will stay in the channel for a while before breaking out of it (either higher or lower), however my perspective on this pair is still bearish so I will continue to short it
AUDJPY Break and retestedAUDJPY breaking out of a possible triangle. As we can see, prices have retested the trendline and made a bounce up. I expect prices to head a little more higher
USDJPY Keep an eye outUSDJPY is currently hovering near a major weekly support region. This could be the deciding factor on where prices will head in the future. If prices break below the blue box, we could expect prices to drop lower. If it doesn't, I have a suspicion that it would break out of the channel and head higher.
GOLD looking to shortGold hasn't been able to make new highs recently. With that in mind, and a broken major trendline, I'm looking to short gold now.
USDCAD Breaking upUSDCAD is finally breaking out of its triangle pattern. Personally I'll be waiting for a retracement before entering. However an aggressive buy position could be initiated now.
USDCHF Raising Wedge, short oppourtunityA clear rising wedge could be seem being formed on USDCHF. With this in mind, a short opportunity is available in the near future. Keep your eyes open, beware of stop hunts, and wait for the break lower before entering.
CADCHF 61.8% fib play (Scalp)Playing off the infamous 61.8% region and trend line. Let's see if there is enough momentum to bring it back up a bit
XAUUSD Possible long setupPrices seemed to be stucked in a downwards channel. There is a good opportunity around the area 1313.50 to setup a long position. If prices head down, we can expect prices to bounce back a bit as there is a area of support and the 50.0% fib levels to hold prices.
NZDUSDA highly oversold RSI suggest that NZDUSD may create a small retracement upwards towards the 76.4% retracement region. I would suggest everyone to wait for the break before entering
EURAUD Possibly stuck in a triangleEURAUD seems like its stuck in a Triangle formation. If you look back on historical price, there seems to be a reversal around 1.450 area. This would be great swing position to get into.
USDJPY Bearish DivergenceUSDJPY is showing some bearish divergence. With prices hovering around the 76.40% region and prices losing steam to break higher. I expect prices to head down to around the 61.8% region.
