GBPCAD is in a downtrend and has rejected the swing level after a correction. Further sell off is expected.
EURUSD has printed a buy signal off weekly support in what looks like could be a higher low in an emerging uptrend. We will look to buy on a retracement entry at around 1.16 SL below weekly support 1st target would be the next resistance level
AUDJPY broke below a support zone and has now pulled back to retest that zone. We are waiting to see if a sell signal develops at this level indicating that the market wants to continue downwards, or if it breaks back above that level. If it breaks back above the level then we will wait for pullbacks to higher lows and buy signals to get long.
EURCAD has bounced off a weekly support level. We are waiting for a pullback and buy signal on a higher low to get long.
USDCAD could be in an emerging downtrend. Last Friday’s candle shows us a rejection of that swing level indicating a probably downward continuation. We will look for a break below the 1.300 level and then a retest/ sell signal at that level before considering getting short.
Possible mean reversion opportunity on EURAUD. The price has gapped away from the mean very rapidly and we can now see a fairly big bearish candle at resistance. We expect the market to sell off from this level.
XAGUSD is in a downtrend. We are waiting for a deeper correction to the level above and a sell signal to get short.
XAUUSD is still in a downtrend and has now pulled back to a previous weekly support level. If the downtrend is still intact we would expect the market to begin selling off from this level. However with the heavy bullish price action we’ve been seeing we will only go short if we see a very convincing sell signal. If the market breaks above this level we will...
GBPJPY is in a downtrend. We are waiting for a slightly deeper correction to the resistance level above where we will look for sell signals to get short.
GBPUSD is still in a clear downtrend and we expect the market to continue selling off next week. However the we may see a deeper correction to the above resistance level before the market continues downwards. If a further correction does occur, we will look to get short on any sell signals on lower highs. We will also be watching the upcoming minor weekly...
EURUSD has broken back up above the weekly support/ resistance level, and we are seeing a lot of bullish pressure. Could this be a reversal in the downtrend? We will be looking for sell signals at the upcoming resistance level for evidence of the continuation of the downtrend. Otherwise we will be looking to buy on higher lows if indeed a new uptrend is established.
GBPCHF has tanked after breaking through a major weekly support level. We will be looking for pullbacks and sell signals on lower highs to get short.
NZDCHF has tanked after breaking through a major weekly support level. We will be looking for pullbacks and sell signals on lower highs to get short.
After breaking down through consolidation and pulling back to the previous support level, we entered short on EURAUD 4 days ago. There is a fair amount of room to the downside however, so we anticipate further sell opportunities on pullbacks/ sell signals on lower highs.
XAGUSD is in a strong downtrend and after breaking though a weekly support level we will be looking for pullbacks to around that level and a sell signal to get in short.
XAUUSD is in a strong downtrend and after breaking though a weekly support level we will be looking for pullbacks to that level and a sell signal to get in short.
NZDJPY is in a strong downtrend and after breaking weekly support made a strong move down. We are looking for pullbacks to lower highs and a sell signal to get short.
AUDJPY has been in a range/ sideways market for the last few weeks. The range support has finally been broken so we are expecting a sell off from here. We are looking to go short if we see a sell signal on pullbacks to lower highs.