Sniper_Entry_B

Sniper_Entry_B

Overall Trend on Monthly chart: Retracement Current trend: Up Current Phase: Overbought G/U is overbought so looking for sell opportunity will be the best decision for long term traders.

Sniper_Entry_B

E/U has found some support around the 1.05295 level which might help sky rocket E/U till around 1.0700 which is accompanied by resistance. CURRENT TREND: UP CURRENT PHASE: PULL BACK

Sniper_Entry_B

Well if we look at the higher time frame (monthly tf) it's more obvious that EUR/USD is in an up trend and it's monthly pull back is starting to show a increase in buying power. The real question is will the bulls have enough force to drive EUR/USD back to the previous monthly high? I guess we'll have to wait to find out. TREND ON 4H/DAILY/MONTHLY: UP...

Sniper_Entry_B

Since the bulls brought EUR/USD to a area of value and making the EUR/USD overbought there's a possibility for the bears to jump in to drop EUR/USD. CURRENT TREND ON DAILY AND 4H: UP TREND MAIN TREND (MONTHLY): DOWN TREND

Sniper_Entry_B

Eur/Usd needs more sellers to resume the down trend. So it's really important for long term investors/position traders to be patient. MAIN TREND: BEARISH CURRENT PHASE: PULL BACK

Sniper_Entry_B

USD/CHF is having trouble trending on the monthly time frame. It had a breakout but slide back into the consolidation zone so its better we wait for a trend to form. MAIN TREND: BEARISH CURRENT PHASE: CONSOLIDATION

Sniper_Entry_B

AUD/USD pullback to trigger supply zones to liquidate the market to drop down further. MAIN TREND: BEARISH CURRENT PHASE: RETRACEMENT

Sniper_Entry_B

NZD/USD seems to be oversold and might pull back to hit some sell orders to push down. MAIN TREND: BEARISH CURRENT PHASE: PULLBACK

Sniper_Entry_B

The daily chart shows that there is selling pressure and the last Friday candlestick is a shooting star which definitely indicates sellers trying to keep the market rolling down. So by tomorrow we might see gbp/usd go down OVERALL MARKET DIRECTION: DOWN CURRENT PHASE: PULL BACK

Sniper_Entry_B

NZD/USD has had increasing momentum driving the price high to the level of the previous lower low to either retest that zone or go even high up to the 0.66447 area to hit any pending orders to drive price down. MONTLY TREND: BEARISH CURRENT WEEKLY PHASE: PULL BACK

Sniper_Entry_B

AUD/USD has been pushing up to 0.72653 level which can be a potential supply zone that AUD/USD can use to gather more sellers to drop the market further until it reaches the monthly swing low. MONTHLY TREND: BEARISH WEEKLY TREND: BULLISH

Sniper_Entry_B

Lets see what the dollar can do. CURRENT TREND: DOWN CURRENT PHASE: RETRACE

Sniper_Entry_B

U/J is consolidating because its failing to create a new low lower than the previous LL and a new high higher than the previous LH CURRENT TREND: DOWN CURRENT PHASE: CONSOLIDATING

Sniper_Entry_B

The dollar failed to push higher than the previous high, so waiting for the market to form a higher high to confirm it's up trend continuation is a great idea. IF it break the support and forms a lower low plus breaking the trend line than the market might change the trend. CURRENT TREND: UP CURRENT PHASE: CONSOLIDATION ON DAILY TF

Sniper_Entry_B

USD/JPY has broke the trend line in search of a new trend which is UP but in order to confirm this we need to wait for it to break the high and try to retest to that high CURRENT TREND: NEUTRAL CURRENT PHASE: CONSOLIDATING WAIT FOR: BREAK AND RETEST

Sniper_Entry_B

USD/JPY just hit the top trendline, so let's wait and see whether it'll fall or breakout CURRENT TREND: DOWN TREND CURRENT PHASE: PULLBACK

Sniper_Entry_B

The dollar seems to have gain strength as it broke the uptrend trendline and slowly evolving into a down trend. CURRENT TREND: DOWN

Sniper_Entry_B

UJ has been trading sideways which provides no trends and potential trades, so its better to wait for a breakout on either the support or resistance. CURRENT TREND: UPTREND CURRENT PHASE: CONSOLIDATION