ForexPinnacle

ForexPinnacle

Just watching EURAUD on hourly chart, so far price has reacted at first trend line resistance.

ForexPinnacle

watching reactions on the 4 hourly chart

ForexPinnacle

Shorts stops were consistently being taken, indicating the buyers were in control as price continued to move higher and there stops remained untouched. The first time longs stops were taken is indicated by the blue box and green arrow. Price then rallied higher taking out the remaining short stops before failing at weekly resistance, where sellers came in and took...

ForexPinnacle

Watching how price reacts on a daily time frame.

ForexPinnacle

NZDUSD is currently looking to move lower, away from key weekly levels after failing to close above two different 1.618 extension Fibonacci level. Price was able to break above the purple 1.618 Fibonacci level but could not close above it. Price quickly reversed lower as supply (sellers) came into the market near the blue 1.618 Fibonacci extension level. I am...

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Blue trend line is the original trend line, that all others were copied from. Purple trend lines are those that start from swing high points. Red trend lines are those that start from swing low points. Horizontal orange lines represents where stops are likely to be resting, so would expect there to be liquidity around these areas.

ForexPinnacle

Looking to see if AUDUSD -0.26% can get above stops (Orange lines) and if so, it will be interesting to see its reaction to the 2.618 (0.77719) level (Blue Fibonacci). So far price has failed to close above previous 2.618 levels (Black and Purple Fibonacci) and after failing has seen a considerable selloff.

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Looking to see where and how USDJPY 0.27% reacts from the levels marked.

ForexPinnacle

Looking to see where and how USDJPY reacts from the levels marked.

ForexPinnacle

Extra red line added (shown by blue rectangle), which acted as resistance to price. Time for GBPCHF to either bounce or push through and close below orange line(stops/liquidity) and roll over.

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Price has started to bounce at the second blue trend line, but is being stalled by the upper blue trend line at the moment.

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Looking to see if we get a bullish bounce at one of the lower three trend lines marked out (blue trend lines). If there is a clear bounce higher, then would expect price to stall at the higher trend lines (red trend lines). Orange level shows a potential key level of interest, however it has not been respected enough previously therefore it might not be as...

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Price is currently stalling at the black trend line. If that trend line breaks, then I am looking to see if we get a bullish bounce at one of the lower three trend lines marked out (blue trend lines). If there is a clear bounce higher, then would expect price to stall at the higher trend lines (red trend lines). Orange level shows a potential key level of...

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Looking to see a continued bullish move for EURCAD as it seems to be on a stop hunt. There are numerous short stops resting in close proximity to current price action and their highs appear to be too clean.

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Price is currently entering a Daily support zone, I am expecting buyers to come in at the 78.6% Fibonacci level where the lower trend line of the downward channel could also come into play. The Daily 200 smooth moving average lies just beneath the support level and the 78.6% Fibonacci level. The 200% Fibonacci extension level (Aqua Blue Line) could also be worth...

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A nice wegde pattern to keep an eye on for PLNJPY

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After the RBNZ decided to leave rates on hold at 2.25% there has been a surge in kiwi strength, taking NZDUSD from 0.702 up towards the Weekly 50 MA at around 0.71500 (red line - psychological level). Where price is currently stalling and there is most likely some profit taking occurring as well, furthermore there is a Weekly resistance area just above the current...

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Expecting some profit taking from the USDWTI longs in the coming days, who entered in the support zone near the double top (RED LINE). Looking for sellers to come in at the 78.6% Fibonacci level which is also being met by the WEEKLY 50 MA and both are within a DAILY resistance area. Price is currently trying to break and close above the DAILY 200 MA (GREEN LINE),...