From a technical perspective oil is bullish and a break of the resistance 53.8 will confirm continuation of the bullish trend.
USDJPY seems to be rejecting 109.90 resistance region which likely shows a lot of accumulation ready to take the pair down. The Friday closure with a bearish pin-bar points out to selling opportunity.
GBPUSD broke out of the descending channel. I expect more bullish opportunities for the pair.
A bullish engulfing at a daily support on an overall bullish trend confirms that we indeed need to watch lower time-frames for bullish price action.
Bullish engulfing candle on a daily support confirms that AUDUSD is ready to proceed with its uptrend. We will enter a buy position on a pull-back of the price.
Friday's trade closed with a huge bearish engulfing candle that stretched out of the daily range. This indicators present a bearish outlook of the dollar this upcoming week.
Failed to break the strong resistance. We expect more downside towards 14.925.
Price made a correction and is ready to form a lower low.
Perfect bounce from range. I expect more short moves.
In our last week's analysis we expected a breakout to activate our sell order. We had a nice breakout and we believe price will head to 1.49196 support region.
Bracing for a lower low as price bounced off a weekly resistance zone and respected the fib levels too. Our lower time frames will provide this opportunity.
Oil finally broke our consolidation zone. We can therefore trade this setup by either waiting for a retest or aggressively buy the opportunity.
Last week we expected the dollar to retrace for a good sell opportunity. None of our fib levels were respected and the price re-entered back to the range with a bullish engulfing candle. We expect more buying opportunities for the dollar due to this price indicators.
we broke our inside bar and closed with a bearish engulfing . a return back to the daily range also is a guarantee of a sell opportunity .
A clear downtrend plus a continuation inside bar present. Clear signals for a short opportunity with target at 107.79.
Price is consolidating at 1.52100 . We are watching for opportunities to the downside if price breaks out of the box.
Price fell as expected from our earlier analysis. Certainly more patience is needed for a correction before adding another short position. target for this trade should be the support at 1.65940.
We finally broke our consolidation range. It will be a good idea to watch for a retest of the range box before taking any sell entry.