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Watch this Level: AUDNZD Daily #forexWatching this key support just above 1.1000 handle. A neckline for a potential double top pattern. Looking for confirmation to long near that support. If it fails, and price breaks lower i would look for a short. So we can trade this on both sides. Lets see if we get the confirmation soon. Will be updating if a trade setup present itself..
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Technician
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Watch this Level: EURCAD Daily #forexClear horizontal resistance area here, that may provide a trading opportunity. Watch for a breakout or a reversal.
Note: A breakout would complete an inverse head and shoulders.
Good luck
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My best regards
Technician
Watch this Level: EURJPY Monthly Resistance #forexLooks like EURJPY is testing a key resistance here, watch out for short term bearish bounces. A breakout above that resistance more precisely the top of this resistance region at 1.3667 may also signal good long setups.
Good luck
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Technician
Watch this Level: EURAUD Monthly #forex1.4100 has been a critical level, so far the price fails to close a monthly candle below that support level.
We also have the rising trend line that started from August 2011 major bottom.
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Technician
MAJOR AUDUSD UPCOMING SUPPORTAUDUSD HAS BEEN FORMING A MONTH-LONG WEDGE, AS WELL AS A DOWNWARD PITCHFORK. AUDUSD IS ABOUT TO INTERACT WITH THE BOTTOM SUPPORT OF THE WEDGE, BOTTOM SUPPORT OF THE PITCHFORK, AS WELL AS HITTING A FIB LINE. IF BOUNCES, LONG, IF BREAKS ALL THREE SUPPORTS, MAJOR WEAKNESS SIGN.
CREDIT TO: ICETRADING FOR THE ORIGINAL PITCHFORK CONCEPT.
Watch this Level: USDCAD Daily The next major Daily (short term) support level to watch for the USDCAD. Watch for a rebound or a breakout. Looks like a great tradable level. A break below increases the chances of more downside.
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Technician
Watch this Level: Johnson&Johnson Weekly The next major weekly(medium term) Support level to watch for J&J. Watch for a rebound or a breakout.
Even if witness a breakout, usually short term bounces are highly probable before any sustained breakout.
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Technician
Watch this Level: #CADJPY Weekly | #FOREXThe next major weekly(medium term) Support level to watch for the CADJPY . Watch for a rebound or a breakout.
Even if witness a breakout, usually short term bounces are highly probable before any sustained breakout.
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My best regards,
Technician
Watch this Level: #Google Daily The next major Daily (Short term) Resistance level to watch for Google. Watch for a rebound or a breakout.
Even if witness a breakout, usually short term bounces are highly probable before any sustained breakout.
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Technician
Watch this Level: #GBPCAD Monthly | #FOREXThe next major Monthly support level to watch for the GBPCAD.. This level was recently broken and turns now to a support, we might see bullish resumption on a retest of that support , seems like a great place to look for long setups...
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Technician
Watch this Level: #EURGBP Monthly | #FOREXThe next major Monthly Resistance level to watch for the EURGBP.. This level was recently broken and turns now to a resistance, we might see bearish resumption on a retest of that resistance, looks like a great place to look for short setups...
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Technician
Watch this Level: #EURNZD Monthly | #FOREXThe next major Monthly(Long term) Support level to watch for the EURNZD. Watch for a rebound or a breakout.
Even if witness a breakout, usually short term bounces are highly probable before any sustained breakout.
Trade forex with me, check my new website thefxchannel.com , vote and subscribe
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My best regards,
Technician