Confluence We can clearly see a well-known head and shoulders formation. EUR pushed the price up to a structure level and will probably push it back to the neckline which is my target. COT reports We can also see at the reports that the hedge funds are opening up for more short positions. We have seen an increase of 16799. DISCLAIMER! I am not giving...
Confluence On the daily, we can clearly touch on a well-tested support area. Another thing we can see is the bearish divergence which could be a sign for a possible push to the upside. Another thing we can see is the head and shoulders pattern which might lead to a push to the upside. COT If we look at the COT reports we can clearly see a decrease in short...
AUDNZD is pretty interesting at this point in time. Right now, we are at a very strong support level and we are waiting for a rebound. We don’t have any confirmation yet. What does the black lines mean? We can clearly see that after the ”M formation” was done the currency pair retraced down to strong support (which we also can see on the weekly timeframe)....