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
Forex-analysis
USDCAD Heavy Bearish PressureShorting USDCAD down lower. Prices seemed to reach a heavy resistance region and showering a lot bearish pressure on USDCAD.
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.
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.
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
POT WEEKLY GARTLEY PATTERN or ???PA may potentially form a Bullish Gartley Pattern. However I've identified two scenarios where action may be taken. For our Bull setup i've identified my reversal zone at about 0.70484/0.69796 confluence with (78.6/127.2) fib levels.
However price may go to break the top of our previous high, only then will i wait for price to reach a nice supply area, either at the TL, 800MA or 0.81544/0.80353 supply zone.
May potentially be looking for intra day shorts down to the buy zone
EURUSD Scalp ReversalA scalping opportunity to get into right away. EURUSD hitting a major resistance level and fib level. Trade safely
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.
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.
USDCAD strong resistance pointUSDCAD is currently hitting levels of strong resistance where prices failed to break out higher for a while. I nice scalp to the short end will play nicely in this situation.
EURUSD Weekly Key LevelsHere are my key levels for EURUSD based on the weekly chart. Price is getting squeezed against the trendline and supply area so we should expect some good opportunities soon.
AUDCAD good opportunity for contrarian long good valuation AUDCAD Keep look at 0.94000 this zone for long but be careful AUD will decrease interest rate again
GBP/USD SHORT OPPORTUNITY GBPUSD - RESIDING IN A FORMAL BEARISH PENNANT (DAILY)
1.4420 SEEMS TO BE A STRONG BARRIER (LOWER HIGH) POINT OF RESISTANCE.
1:2.3 RISK REWARD WITH A TARGET AT THE WEEKLY AREA OF SUPPORT 1.4260.
A BREAK OF 1.4260 WILL LEAD THE PAIR RELATIVELY LOWER TO 1.4200.
HAPPY TRADING!
NZDUSD Breakout play BullishNZDUSD broke a major resistance line on a daily timeframe developed since June 2015. My play on this pair is waiting for a pull back towards the 0.68625 before entering a long position. I expect the pair to head to 0.70221 in the near future.
GBPCHF breakout?The overall trend of GBPCHF is bearish at the moment. After seeing a retracement back up to 1.1427 and failing to create a higher, a strong push by the bears indicate that the downwards momentum will continue. With a break of an upper limit and small break of the lower limit trend line, I expect a retracement up before down lower.
EURJPY breakout to the downisdeClear breakout from EURJPY. As always, I like to play conservatively, I'm looking the pair to retrace back up to 126.050 before entering short to 125.571. If you are an aggressive trader, you could short right now.
August 2015 lows as resistance to USOIL at 39US$ +divergenceAugust 2015 lows as resistance to USOIL at 39US$
As we all know USOIL mainly reacts to markets' moves, so we will have to see how markets pick up the
doom & gloom news from the ECB on monday/tuesday.
Technically it clearly is a short, with growing bearish divergence in the H4 between RSI and the curve.
Decline is possible down to 34US$ (0.382 Fib support + round number) in the coming week.
Thanks for your attention.
Always make sure you only use this as an inspiration to make your own analysis and plan your own trade carefully.
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