AUDUSD is still pretty much bullish even with all this consolidation. As long as price can stay above the support level we can see price continuing bullish. Also the H4 made a nice false breakout forming a potential inverted head and shoulders. The only way this setup won't be valid is if we get a daily Higher timeframe candle close below that level.
Currently...
NZDCHF overall is on a bullish environment with the Monthly Weekly Daily and H4 timeframe. Price is looking to test the trend line for a 3rd time before continuing its move to the upside.
Currently
88% of traders are in a short position
12% of traders are in a long position
SIDE NOTE- DON'T BE THE MAJORITY
EURAUD has been bearish for a very long time and momentum is not slowing down. Price rejected h4 resistance multiple time trying to reverse trend but it failed. H1 has shifted structure to the downside and is in a bearish environment. I will be watching previous structure zone to see if I get any entry signals.
Currently
20% of traders are in Short position...
GBPUSD is overall bullish but it is time for a pull back? We are currently testing a level of resistance and the daily has shifter back under the zone. If we can stay under and the LTF gives us a shift of momentum we can see GU going bearish. FOMC is today so that can give us the boost we need since the markets has been slow the past week.
Currently
65% of...
AUDUSD weekly is on an uptrend and has been very over extended after hitting weekly target of -27 extension. Price has now rejected multiple weekly and daily is showing consolidation a loss of momentum. Waiting to see if we can get a break out to the downside to start looking for short opportunities. Since right now we are stuck in a range my bias is pretty...
Overall EURUSD has been bullish but it looks like weekly is trying to continue this bearish push to complete the weekly pullback. Weekly and daily has shifted momentum to the downside. If we can get the H4 to shift bearish we can definitely see price continue bearish to our major support level around 1.19000.
Currently we have
57% of trader going short
43% of...
CADJPY Overall trend is bullish. Yesterday with the daily close has confirmed a break of a zone showing more bullish momentum is coming. I will be looking for a pull back on the LTF and entry confirmation before take the long position.
Currently on CADJPY
84% of traders are in sell positions
16% of traders are in long positions
Side note: DON'T BE THE MAJORITY
Overall Monthly , Weekly and Daily is bullish. H4 just changed its momentum from bearish to bullish with the break of the zone. With the daily candle close above the zone that confirmed the break. Waiting for a retest and Entry confirmation before taking the long position.
Weekly and daily are currently in a extension phase. H4 is showing a nice structure to the upside retesting previous structure resistance which lines up with 61.8 Fib level
