OVERALL TREND: DOWN TREND CURRENT PHASE: PULL BACK Let's wait and see if the resistance level is strong enough to push the market down. Currently pound has been strongly pushing upwards but will it break through the resistance? let's watch. PATIENCE IS KEY!!!
The dollar seems to be pushing down so lets wait and see if it will break the trendline and retest. Current trend: DOWN Current phase: PULL BACK
UJ has been trading side ways for some time now meaning there's no enough buying or selling pressure. We want to see the market break the consolidation and retest to indicate sign of either trending up or down. OVERALL TREND: UP CURRENT PHASE: CONSOLIDATION
Dollar broke through the support level with a really strong selling pressure which indicates that the dollar is in control for further dollar strength we want to see IF the dollar will retest and respect the same level (resistance) that it broke through. OVERALL TREND: DOWN TRADING UNDER 100 EMA
Signs of uptrend - New Higher High forming - Jump back into the trendline - EMAs crossing - Breaking the daily resistance level Now all we need is a pull back to call in some fresh new buyers that like '' buy low sell high'' above the daily resistance level
EU tested the support level but will the 1,16216 resist or allow the current hourly candle to push upwards? if the hourly succeeds to break the 1,16216 level than its a uptrend for EU
Well Gbp/Usd just respected the resistance and now the question is will it break the support to form a new low? If the 1.37475 level is broke than the is a possibility for it to go down. BUT if the 1,37878 level is broke and respected than its game over for the dolar cause euro will be in charge :-)
The dollar wasted no time breaking the support level, so now the main focus should be THE RETEST TO THE LEVEL that is now a resistance level and will it be strong.
Seems like the resistance is keeping Euro from going up but once Euro breaks the resistance than we might see Eur/Usd go up. Watch The 1.16662 Resistance
Dollar tried to break the 1.37655 level and did retest to that level with wicks, EMAs crossed as well below GBP/USD so now the question is will the buyers keep that level and get GBP/USD going up
Wow Dollar just broke through the previous HL but for how long will the dollar push low? Well let's observe this pair clearly
EUR/USD did a retest to the Lower Low ( resistance level ) on the daily chart but if the market breaks that lower low ( resistance level ) plus the trendline then we should expect the market to change it's direction and if it respects that level ( resistance level ) than we should be in a down trend.
Seems like Gbp/usd is having difficulties making a NEW HIGH. Might be an indication of a change in trend.
1. Trendline Broken 2. failed to create new high 3. trading under 100ema 4. 113.913 support broken final thought: Personally i woudn't hold onto a sell position if the 113.702 isn't broken but if your analysis are pointing towards selling than go with it.
Eur/Usd is trending in a sideway meaning it is consolidating, so its better to wait for it to break either the top or bottom zone. If it breaks the top zone than the market might continue it's journey to the mood as it'll create a new high. but if it break the bottom zone plus the trend line than the direction might change to down.
EJ has been trending up pretty well and if the trendline withstands the pressure from bearish force than we might go bullish
1.37707 might be the support that GBP/USD needs right now as it is pulling back and not making any highs but lows.
EUR/USD might retest to 1.16221 because it seems like its pulling back and might find that level as support to go up. For more confirmation wait for it to break the 1.16221 and touch the trendline and than break back into the 1.16221.