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CHANNEL BREAKOUT

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AUDJPY POTENTIAL BUY

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It seems that EURNZD is printing lower highs and lower lows suggesting continuation of the downtrend. At the same time we witness a clean bounce of our downtrend trendline suggesting the same scenario - a potential new low

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Today we saw a very nice bounce of our downtrend trendline that is providing a near term resistance for USDCHF. If it holds and at the same time recent low is broken, it should trigger further selloff of the USDCHF, potentially till the end of the year.

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GBPNZD is definitely under pressure with an established downtrend. It is very unlikely we will see any sort of reversal soon and it could be a good strategy to look for the short entries sometimes early next week.

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While GBPCHF did break our support levels, it might be oppening doors for a further, and potentially larger wave downwards. Perfect short entry could be around 1.5280, if it gets there.

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It looks like EURUSD is holding an uptrend trendline and at the same time breaking aboove the donwtrend trenline, thus confirming the reversal to an upside. Although I had my confirmation to buy EURUSD it is also wise to wait for the breakout of the 1.2570 level to confirm Head and Shoulders reversal patter.

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As NZDCAD did had a breakout of a downtrend trendline and a very clean bounce of the uptrend trendline, our technical analysis suggest a potential mid/long term reversal to an upside.

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We expect GBPCHF to continue the major downtrend up to a key support area of 1.51-1.50

CryptoPAMM

NZDCAD just bounced of the phsycological resistance at 0.8000, and breakout abbouve 0.8400 resistance will confirm the reversal to an upside to hit the target at 0.8940

CryptoPAMM

GBPCAD seems to be making new highs, and another one could be just around the corner. Watch out for the support areas, if holds, then uptrend continues.

CryptoPAMM

While NZDCAD had a double bottom reversal pattern, additionally it did break a dowtrend trendline confirming the reversal.

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NZDCAD has been travelling south for quite a while and it seems that this downtrend still has a lot of strength. There is certainly an opportunity that market might be offering. EDITED: As NZDCAD holds support at 0.8722 we have changed our forecast for an uptrend, you can see it here:

CryptoPAMM

While EURAUD today hit our target at 1.4372, we believe that now its a key support area. And if it holds, we are witnessing a long term reversal point. Perfect RISK/REWARD trade.

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Today AUDCAD failed to break 0.99 support as well as uptrend trendline on 4h chart. This give us extra reason to believe that the uptrend is likely to continue.

CryptoPAMM

EURAUD IS HOLDING STRONG PSHYCOLOGICAL AS WELL AS TECHNICAL RESISTANCE AT 1.4400. If it remains unbroken I would expect a very strong rally towards 1.41 area, and perhaps even lower.

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If EURAUD manages to hold key resistance around 1.4455 level, we might see a huge drop in value

CryptoPAMM

After move down picked up some momentum it is most likely we'll see a continuation of this fall, that seems has just begun.