1.618 Fib Ext +RSI showing "oversold". Target 0.38% Fib Retracement : 109.41
Aussie dollar is down everywhere, both on technical and fundamental grounds. AUDCAD is headed long short like AUDUSD.
GBPAUD had been trendling lower since it broke the year long daily channel on 4th April this year. The pair now seems to be in a downward channel which it is trying to break upwards due to weakness in AUD. This week AUD's PMI is expected, and is expected to be bad. My bet on GABPAUD is on the upside hence
EURUSD broke the 1.1180 daily supoort last week but in momentum got too far away from the 10 & 20 EMAs. The last few days' upwards trend was, thus, a correction. On technical grounds the pair is down, but today the release of EURO ZONE'S first-quarter GDP report, alongside German labor and inflation data might push up the pair in short term, which is very likely...
Gold has been retracing 0.618% on daily chart ever since it has dropped from year's high.
As there is a distance between 10 & 20 EMAs and the candles, a pullback is likely which will lead to a retest of the trendline again.
Bad dataa has slammed AUD everywhere. Target: daily support at 0.7050.
USDCHF is over bought and is going towards being highly over bought. Correction seems inevitable from next daily, as well as weekly, resistance zone: 1.03000 - 1.03500. Target will be 0.38% Fib Retracement point as it is a pullback trade. Note that the trend of both the safe haven currencies, USDJPY & USDCHF, is up, so USDCHF will go up again after catchig its...
3rd Jan's pin is where this pair is headed, as it seems.
EURNZD is going towards over bought point (1.7117) on a daily basis.
EURUSD again made a false breakout of Daily trendline at 1290. I fact it even cleared the 1.13000 horizontal level, but again failed and came down. Seems like it will go down to 1.10 this time.
The breakout of trend line will produce a big short.