Looking extremely bearish on H1 TF with bearish continuation with LOW VOLUME.
-Looks like current price is resting on lower channel trendline support. -Looking to run up to 140 and beyond. -Bullish bias.
1) Price rejection on the previous candle. 2) Monthly chart in uptrend channel, now at lower support looking to rise. 3) Current price is an good entry towards 92 level.
Double bottom after a decent downward movement since the start of the year. We are turning BULLISH on this pair. It had closed above 200EMA which confirms it's bullishness. EP TP SL show in the chart.
-Commodity bullish, will push AUD up. -New Zealand newly formed government will push NZD down. -Technicals shows bullish bias AUDNZD. -TP SL EP shown in the chart. -DYODD as always.
As shown in the chart, there are signs of smart monies accumulating during sell-offs. USDJPY is still trading in the 108.1-114.254 RANGE. A proper breakout at 114.254 will be BULLISH and we are looking at 120.408 TP. TP SL EP shown in the chart.
-Weekly bullish momentum slowing down. 4HR CHART: PRICE TRADES BELOW 200EMA. -US end of year seasonality (BULLISH) -Descending Triangle -TP SL EP shown in chart.
-Possible down move by EURUSD. Still within downtrend and possible a sell down. SL TP EP indicated in the chart.
We are looking at GBPUSD, it is in the UPTREND channel. A swing down is near completion and reached our entry point, possible swing up from here. Primary trend is still BULLISH. There will be loads of GBP data, we will be looking closely. EP SL TP are shown in the chart.
-Inverse Head and Shoulders pattern in 15min chart.
-Closed below the median line and first support has been breached. We are looking at possible testing of 1.15878 which is the lower line of the fork. -1.17 has to break decisively and coupled with more turmoil in Europe, possibly that this pair will be BEARISH for the next few weeks. Overall still in the BULLISH trend, otherwise we can look to long at 1.15878 as...
-Overall trend for EURGBP is still in the UPTREND. It had just touches the trendline and bounced off, the stop loss is the invalidation level of the trend line which means the trendline will be broken. Base on FIBO, we are expecting it to go higher. SL & TP are shown in the chart.
Head and shoulders pattern with downward sloping line which makes it even more bearish. In our view, NZDUSD is poised to have a huge sell off along side with AUDUSD. Price has already closed below 200EMA which confirms its bearishness. With NFP data releasing later, it will help to push NZDUSD even lower. We are BEARISH on NZDUSD. TP EP SL are shown in the chart.
After the breakaway gap and start of an new uptrend, it seems that it might be losing its bull momentum. Possibly a swing down towards 111.5 level.
-Watch out for the break of neckline. Once the neckline break with HIGH volume, this pair will be remained under pressure for weeks to come. -TP:0.76019 SL:0.79523 -Another possible scenerio is that this pair will be trading in 0.78299-0.8 Range for some time.
We can't deny the bearishness we are seeing in this pair, it is still within downtrend channel. It has reached the lower channel and it might stage a swing up back to upper resistance line slowly. This trade is fairly risky and try to keep position size small for counter trend trade. TP, SL, EP are shown in the chart.
-Worse than consensus data should be able to keep GBPUSD under pressure for awhile, while technical shows that it is still contain within the downtrend channel in the 1 hour time frame. -TP: 1.32792 SL: 1.34607, current level shows that it would be a decent fresh entry.