Sufz

Sufz

Has broken the current ascending TL. Has broken the support which will retest or has already retested and turned into resistance. May take a short on this upon retest of now resistance.

Sufz

Still heading for the long term target. Will look to take a short on break and retest of support, or the touch of the descending TL.

Sufz

Possible short if it breaks the triangle and retests.

Sufz

PLEASE SEE LAST WEEKS ANALYSIS. Weekly: The weekly candlestick has broken the descending TL and moved to the upside. However, it could still be just part of a retracement in the long run, where we would be targetting 1.29000. Daily: The daily candlesticks are struggling to break above the 1.33300 area. 4HR: The 4hr charts are also ranging between the...

Sufz

Still just watching this pair - wait for it to break out of the triangle.

Sufz

At the moment I will just be watching this pair. It has gone on quite a lengthy bearish run, so I will see how it reacts to the support levels below it.

Sufz Updated 

TECHNICALS: Weekly: The weekly has recently bounced off a major weekly support zone at around 1.59000. Daily: On the daily, we can see that the previous lower high has been broken and a new higher high has formed. From here we can assume that price has reversed and the descending trendline has brokenb and been retested. We want to jump in to this move and...

Sufz

TECHNICALS: Weekly: Overall there has been a lot of bullish movement. However, the weekly zone of support has been tapped and price has bounced off the area (~126.500) to go up. Daily: On the daily, if we take a fib from the 133.000 area to the low at 126.500, we can see that price has retraced, tapped the 61.8 fib level and pivoted to go bearish again....

Sufz

PLEASE SEE LAST WEEKS ANALYSIS. Again, I have no bias as to whether I will take a trade on this pair. It is consolidating quite a lot within the box range. Possible small move lonfg on the monthly support 0.6700? FUNDAMENTALS: AUD: - Thursday - Private Capital Expenditure - Friday - Building Approvals USD: - Monday - Core Durable Goods Orders -...

Sufz

PLEASE SEE LAST WEEKS ANALYSIS. There are now 3 weekly candlestick rejections on the weekly res level of 0.90500. This could potentially mean that the week ahead will start to move bearish . However , the candlesticks consist of a doji and an inverted hammer , which could also mean a reversal . The daily has rejected the 38.2 fib level and pivoted...

Sufz

PLEASE SEE LAST WEEKS ANALYSIS. The weekly candlestick is showing bullish exhaustion and a possible pivot around that 78.6 fib level . The daily candlestick has also closed below the descending trendline , which shows us that this TL is still valid. The candlestick is a shooting star which also indicates a reversal and the beginning of some bearish...

Sufz

PLEASE SEE LAST WEEKS ANALYSIS. I believe the pair is still set to move bearish. I am not sure as to whether I will take a trade as it seems to be consolidating a lot whilst moving down. Not something I want to stay in for too long. FUNDAMENTALS: NZD: - Thursday - Crude Oil Inventories USD: - Monday - Core Durable Goods Orders - Tuesday - CB Consumer...

Sufz Updated 

At the moment I do not have any trade ideas for AUDUSD. I will be watching the pair though, to see how it reacts.

Sufz Updated 

Monthly and Weekly: The monthly fib retracement shows a long term first target of 0.88000 (27%). However, the week before this close, the candlestick end was a doji, which could possibly signal a reversal towards the bullish side. This week however, ended below the weekly resistance of 0.90500. We also have to be careful as the market has not been this low since...

Sufz Updated 

Weekly: On the weekly we can see that the trend since late 2017 has been bullish. However a lower high was finally made around May 2019. A lower low was then made around July 2019. Upon using a fib retracement from the lower high to the lower low, we can see that the 61.8 fib level was touched and looks like it will start descending. There is also a weekly...

Sufz Updated 

Weekly: A fib retracement shows us that 0.63600 is the first target and the long term target is 0.62000. We can also see the weekly support of 0.65000 has been broken. Daily: We can see that the daily is breaking below the 0.64300 support level. It seems to have held for now but there seems to be more pushing it down. 4HR: We can see on the 4hr chart...