heavy selling in NZD pairs of late with speculation concerning interest rate cuts (notably RBA)
looking for a swift squeeze as NZD feels oversold given the recent selling relates predominately to AUD pairs
$SCU bullish B/O from ascending triangle could be a signal for a measured move into resistance at the 161.%8 fib ext.
I am long from the breakout, will look to take partial profits if price stalls/looks weak at the 200MA
wider crypto market currently seeing a bullish reversal, Siacoin might struggle to push higher if market sentiment sours again
bias to the upside with current alt momentum
B/O from the consolidation triangle and break of resistance (orange rectangle) would be very bullish IMO
any downside break with a confirmed retest would negatve the above
price has seen strong momentum to the downside recently with heavy buying seen in JPY and a confused kiwi trying to make up its mind
constructive break and retest w/ pin bar of bearish TL
supportive of a run higher
target level at 50% retrace and 200MA (H1)
no news might be good news - profit taking to push the pair higher
looking for constructive PA at prev swing high $56.90
long if price pushes above prev candle H
WTI often conforms well to TLs and channels
note constructive PA @ 61.8% fib
recent momentum/trend favours the upside
TP @ $60 (1.618 fib ext.)
good R:R reversal trade if willing to hold
short term trade potential, best managed from a LTF for tight risk management
strong selling in AUD recently, looking for clear reversal PA to signal a retracement
- multiple target levels highlighted
JPY has seen a decent run recently after USDJPY rejected long term resistance with a fakeout - might see a shift in...
EURGBP sitting at 3 week TL, a push and close below $0.88650 could open door for deeper retracement to early November lows
EUR- political uncertainty in Germany as coalition talks with Merkel appear dicey - ST negative for EUR as traders weigh potential impact of government negotations
GBP - press rumours are circulating that UK is considering to raise the...
after an impressive weekly rally, price looks in reach of the infamous $10000 - PA important at these levels as price consolidates < $80000.
a breach of recent highs could open the door to a strong impulse higher
break below channel support could kick off deeper retracement - would look to buy @ $5500 if this transpired
see chart for detailed notes
mildly...
Annotated chart
multiple levels highlighted
PA will be important given how choppy silver has been and its penchant for shakeouts
Bullish bias FX_IDC:XAGUSD
