AUD/USD has been under selling pressure - and with spot price of gold falling and AIG Performance of Services Index for April coming up in the Asian session. *still only learning, would appreciate any input - thanks and good luck! - Krecioch
Daily shows room for price to go up to 1291 Looking entering shorts where trend-line meets pushing down to 1266 area. *just my view - would love to hear your thoughts -Krecioch
USD/JPY is struggling to hold above 200 DMA and with mixed Japanese Data the sentiment seems to be weighing on the pair. I expect to see a short week ahead reaching support around 110.80 Looking at Monthly charts, price still has room to advance upward; so I anticipate it to return up near December Highs ( 113.20-113.80 ) *A break below 110.80 would open doors...
Could signs of improved risk sentiment and another raise in US oil rig count during last week be enough to weigh on bullish positions..? Looking for a push to find support up near 64.64 .... then to 68 ( Oct. 2018 Low ) API, EIA weekly reports coming up... - Krecioch
While RSI is in an uptrend, price hit pressure around 1.13225 in line with long-term Bearish trend.. I think we're looking at a shortened week ahead with most markets closed on Good Friday..before we break that long-term bear trend at of the month. *We finished the week above all Moving Averages, suggesting that buying interest is still strong...going to wait...
Looking at RSI on Weekly and 4H I see price pushing up once more to 66.50-68.00 before falling to previous support
On the weekly chart I noticed what looks like a nice setup for a Head + Shoulders move downward into the longer term channel...
Just very quickly I'd like to say that I am new to trading ( mainly Forex Day/Swing ) this is my first year at bat and am looking forward to learning plenty! With that, this is my view on the direction of the EUR/USD pair...take it with a grain of salt. I expect to see a quick run up from 1.13255 up to 1.13600 by end of week 03/22 --- Moving downward the...