What should i say, more obvious doesn't seem possible :D - New price high but no new momentum high - Break lower afterwards and break of trendline - Strong move downwards Look for an entry and profit :)
Momentum faded last week on the EURJPY. The upside movement looks like it will continue, but it looks more probable that we will have a retracement down, before we will continue with the upside move.
New lows, new downward momentum, price only in downside Bolliner bands area... what else do you need to confirm a downward movement? :-) But wait for the retracement before you enter.
AUDNZD looks like its preparing for some upside movement: - The Bollinger bands squeeze together - New upside momentum is developing - Price was not able to move lower into the outer Bollinger bands Looks more probable to see a new upside movement next week.
Finally AUDCAD moved lower, after the trendline break and a retest up to the trendline again. Momentum is very negativ, so probably the move will continue down in the next week.
The breakout & pullback on USDTRY is completed and a move up seems very probable. A move up to the 50% Fib is the first target, but will hold for chance of new high.
After the Yellen talk on Friday we are moving lower on the EURUSD. Price movement is in agreement with RSI. I think a short pullback is on order, and afterwars the move will probably continue down.
Will we see a breakout of the range to the upside? We get new momentum from the RSI, lows are higher than at the beginning of the range, but watch out for a false breakout and a hard movement back down into the range and then probably out on the downside. Lets wait for some confirmation and entry signal.
Last week we made a short retracement back to the 20 SMA and crossed back down. Looks like we will continue the move down.
EURCAD striked through the 61% fib retracment and got pushed back up higher. I think a move higher to the old high is very probable.
AUDUSD dropped down to 61% Fib retracement. Normally i would say we will probably get a move higher, but after the strong USD news, i can see a move lower too. I will wait for a better entry.
AUDNZD broke its down trendline and is probably now moving higher. I expect a short pullback and than a rapid move higher.
AUDUSD broke the trendline last week, with a short pullback back to the trendline. After the break of the 20SMA (middle line of BB) we are now in freefall probably down to 0.0975.
After the Yellen talk EURUSD seems on its ways down, ignoring the 50% Fib retracement and no momentum resistance. Lets see what will happen on the 61% Fib level, probably a short retracement and then bigger move down.
It looks like the NZDUSD bounced of the ceiling of its range + divergence on the RSI. If we break the trendline a nice fall to the 0.700 level looks probable. Lets see and wait for confirmation, as always!
The trendline, starting 18. August, is still holding, but looks like a break really soon. Definitly on my long watchlist for next week. Just wait for a price dip back to support and then up to the old high!
New low confirmed downtrend on 18. August. Failed test of previous low (made no new high) could mean we move to a another new low. Lets wait for confirmation through crossing of MA...