JPY stayed strong despite the fact that we're in the last week of the year, causing NZDJPY to keep on dropping supporting my first idea which was inclined on the selling side. We will eventually see a bullish correction after NJ touches the 78.6 aka daily trendline.
AUDCAD formed an H&S pattern and is now in a key area. There is a 100 pips movement towards my next support and towards my next resistance. However, I vote for the sell side. My support has been tested several times and the bounces are becoming much weaker, which indicates us bulls are lacking in momentum. And if we zoom in on the 1h chart, we can see that there...
As I said in a previous idea, Bitcoin was showing rejection at the 78.6 of the fib level on the monthly chart, and effectively, this fib level is not letting BTC moving forward and is now pushing it to find new highs.
After breaking the bullish trend, NZDJPY is going through a strong bearish movement, breaking all my S/R and fib levels. Looks like it wants to reach the 78.6 level which is my trendline retest area.
EURCHF shot up to create a new lower high in our 4h trendline and it's now on its way down to possibly form a lower low. Good R:R risking around 35 pips to possibly take almost 80 pips.
NU broke a major S/R area and is now retesting the zone as a resistance, which is a possible indication that the price will drop further, probably until the 78.6 fib level.
After breaking the uptrend, GBPJPY has fallen breaking several supports and respecting fibonacci levels on the corrections waves creating LLs and LHs. Currently, the pair has reversed and is looking to form a new lower high, probably in the 61.8 if not in the 38.2.
According to news, Apple is not delivering confidence to its shareholders as these are concerned of several areas on the services where Apple is not delivering or improving. On the other hand, the company is not producing as many sales as expected, in fact, after the release of the latest iPhone, the share's price dropped almost 100$/share in just 2 months. But...
NZDJPY didn't continue its bearish movement, bouncing in the key fib level 61.8, which also matches with a key S/R level, indicating us it could raise to the 38.2 fib level as a correction wave, touching resistance and the new bearish trendline, to probably keep going down afterwards as soon as January begins.
Bitcoin is showing good rejection in the 78.6 fib level. Is it finally ready to shoot up?
My views on EURUSD: After breaking a major downtrend with strong bullish momentum and one my resistances, now the pair is looking to test this area as a support to possible bounce and shoot up again.