flexxfx
Price action shows that DXY has reached a level of interest for the bears. Level of interest 1 = Current market price Level of interest 2 = 97.86 - a resistance zone. Decisive break above the wedge will invalidate the bearish set up Good luck.
EURJPY has been consolidating for a number of days and we can see that a strong breakout is coming. Which side do you think it will break?
An opportunity exists to long EUR ZAR as underpinned by the falling wedge. RSI pointing towards oversold
USD NOK at a key resistance level on daily chart. Currently underpinned by the rising wedge. Nice entry for a short
EUR ZAR is currently at the bottom of an equidistant channel and currently. This is a confluence of the 200 SMA on daily chart and 300 SMA on daily chart - price is well supported at this level. Good entry with high risk reward
Gold at a resistance level and currently price flirting at the apex of the wedge at the resistance level. RSI points to a bearish divergence. Good set up for a short time sell
EUR GBP had a huge upward momentum as underpinned by adverse Brexit development and resignations. Has currently formed a bullish ascending triangle indicating price could push up depending on how the Brexit fiasco plays out - who knows what next with the Brexit drama? As always, keep risk in check
Nice entry for a pull back or reversal trade. SL ideally 30 pips above the wedge
Check the chart for a possibility of a short term short on 4 HRS
Will be keeping an eye for a possible short on this pair. Area 1 of Interest - Current Market Price underpinned by the blue trendline. Area 2 of interest - 21.0000 mark - Stronger resistance and psychological level.
Will be keeping an Will be keeping an eye on USDMXN for a possible short. Area 1 of interest - current market price underpinned by the blue trendline. Area 2 of interest - 21.0000 mark - Stronger resistance and psychological level.
EURUSD at the 0.618 Fib level underpinned by a falling wedge. RSI points towards oversold on weekly.
EURNZD extremely oversold - daily RSI at 17 and at a key support level. Good entry to long for a pullback or a complete reversal. Price underpinned by the falling wedge.
AUDCHF at a major resistance level and at the top of a descending channel. Good opportunity to short
Its highly likely that Trump will keep control of the Senate but lose control of House of Representatives. This way, his power will be limited and fundamentally a weaker dollar. The technicals have aligned for a fall as seen in the falling channel
Price currently at a multi year resistance zone. Price is currently underpinned by a raising wedge. Price has currently broken and tested the resistance zone on 4 hours time zone, therefore, a high chance of dropping.. However, there is a chance for one move up before the drop.
DXY fall is imminent. Currently being underpinned by a rising wedge and a previously tested resistance zone.
Long EUR USD - Confluence of falling wedge and major trendline