Technical View of the EURJPY. Expect downward movement and retest of the 61.8- Fib level. Bearish momentum could be triggered by ECB on thursday.
Longterm view of EURUSD looking bearish, if rising wegde breaks, I would expect downward movement.
The Aussie is about to tackle a significant resistance zone around ~0.931. The price did breakout from the descending trend channel, will have to wait to see if this move is sustainable. If the Aussie busts through that important structure we go for a bearish cypher pattern completion. Very interesting situation at the moment, maybe the fundamentals will give an...
There is a potential bearish cypher setting up, my sell limit lays at 95.924. If the price breaks the descending trend channel, there is a high possibility that it reaches my entry point. The first target is 95.421, the second target would be around the 95.12 handle. The fundamentals tomorrow could catalyst a breakout from the trend channel.
You can see a possible bearish Gartley pattern setting up in gold. The short entry point would be around 1316. The first target is the 1297 handle.
Aussie tackles important level next week, ahead of RBA events and chinese data. If we look at the pair technical, we recognize the big resistance zone the Aussie is about to tackle. The first scenario would be the Aussie breaking through that resistance and the trend canal with the help of positive fundamental data, the first target would be the 0.9377 handle....