EurChf Sell 5/7/21eurchf analysis: price can possibly sell off. Price has broke structure and has broke support but price does seem a bit corrective. A pullback could possibly happen but I'm expecting price to reach support #1 (1.08307).
Pmgai
GJ LongIts possible price can pull back to continue the bullish move up. Price is possibly forming a descending channel which can send price higher
EURJPY - ShortPrice possibly can sell off. Price has reached a weekly resistance, price ended up forming a Head & Shoulders at that resistance (126.750). Currently price is in an descending channel, price sold off from trend line resistance. Its possible price could be forming an bearish flag on the LTF.
Price could sell of to 121.750, if price breaks support it could head to the next support 120.500
-PMGAI
USDSEK - LongPrice is forming a descending channel ; Price possibly is forming a descending channel within the descending channel towards support. Its possible price can breakout and go to 8.70250 if price breaks that resistance its possible price can head to 8.94500 and if price breaks that its possible price can head to 9.14500.
USDJPY - LongPrice can possibly go long; Its possible price could be forming an descending triangle on the LTF. And that could push price down to support #2 and even support #3. But overall UJ can go long, price is in an descending channel
AUDUSD - ShortPrice possibly could go to resistance #2, its possible price is forming an ascending triangle so price could push up to 1.73750; From there will see how price will react. But other USD pairs look as though the USD could gain strength. It is also possible price could be forming a rising wedge, price could drop to 0.72250 and if price does break support it could head to support #2 0.72250
- PMGAI
GBPJPY - SHORTPrice is at an important area in structure, price could either sell off or go back up. On LTF, there's a possibility that price can form a descending channel which could push price back up but its uncertain because price is forming an ascending channel on the LTF while retesting structure so price can possibly sell off to support. From HTF price possibly is forming an bearish flag, price just sold off from the trend line resistance. - PMGAI
GBPUSD SHORTPrice is at an important area in structure. Price can do one of two things here, either price will break structure and continue up to the next resistance area or sell off from where price is currently. Price is possibly forming an bearish flag, currently price formed an ascending channel and possibly could be forming an rising wedge towards trend line resistance. On LTF it does look as though it possibly could be forming an tripe top. - PMGAI
VZ to $61 - $61.40Its possible $VZ could go long, falling wedge has appeared and price has started to breakout. Its possible that it could be a FAKE OUT, also price is near $VZ's high. Potential target is $61 - $61.40
EURCZK - BUY (2000-4000 PIP MOVE!)price has been moving in a range for a while. Expect $ to buy from support #1 and head to resistance #2 and possibly resistance #3. HUGE BUY TO COME
CADCHF - BUYexpect $ to buy from support #2 to 0.75227 (target)
- $ is going to be bullish after that head and shoulders
EURAUD - SELL HEAD AND SHOULDERexpect $ to drop from resistance #1 to support #2, head and shoulders forming
AUDJPY - DOUBLE TOP? or TREND REVERSAL??$ can go in either 2 ways it can break the resistance its at. Or it can create an "M" formation (double top) and drop down. Wait for confirmation, and make the move but overall, $ has not dropped below the monthly support (71.103) since 2008, although $ has came down to the support it only touched it and revered its trend. (71.103) has been a strong support for a while now. I believe $ will make its way to the monthly resistance (81.388). I say this is a buy.
