The Australian Dollar is still in a strong bullish trend against the US Dollar ignoring US building permits data that show results above market forecasts. Australia will release an employment change data on Thursday at 8:30 (GMT +7). Data on changes in Australian employment are expected to have a high impact on the market, especially after recent times the...
The Euro moving down against the US Dollar ahead of the ECB monetary policy meeting tomorrow. Some market participants took profit taking after opening the long position of the euro to secure profits after going through a long bullish trend. In addition, the United States will also release building permits data one hour ahead. Technically, the currency pair is...
The New Zealand Dollar is still in a strong bullish trend against the US Dollar despite the disappointing New Zealand inflation data. The market ignored New Zealand inflation data and paid more attention to the political situation in the US that warmed up after the health reform efforts undertaken by Trumph were rejected by two senators. The New Zealand Dollar is...
The pattern is complete forming an Alt Bearish Bat Pattern. But stay cautious before opening short positions in this currency pair because tomorrow BoJ will announce its monetary policy.
Still has a chance to continue moving up after the RBA statement yesterday. Potential Reversal Zone (PRZ) is at 0.7731, if the price continues to move up then the next Potential Reversal Zone (PRZ) at 0.7892.
USDCAD touched the 0.886 level and formed a Bullish Shark Pattern. But it's too early to say the currency pair will change the bearish trend. the possibility to open a buy position can be done if the price closes above ema 14 (in 4 hours chart), otherwise it would be better if it is followed by an osma indicator above level 0.
AUDUSD formed a Bearish AB=CD pattern. The strengthening of the Australian Dollar against the US Dollar is supported by RBA optimistic statements. Other than that the political issues that are happening in the US also make the Australian Dollar fly high. The Australian Dollar has a chance to continue gains to 0.7993 - 0.8113 if the price fails to reverse.
The Euro has a chance to move lower against Swiss Franc after the release of ZEW Economic Sentiment that's below expectations. Recommendation: SELL STOP 1.1020 TAKE PROFIT 1.0857 STOP LOSS 1.1073
Oil again weakened after the previous week moved up supported by oil inventories. Technicaly, Oil has a chance for correction before moving up again. Sell possible in the $ 46 area, with the target price decline in the area of $ 43.1 - $ 42.6, stop loss can be placed above the $ 46.8 area.
Failed to fall at the level 0.886, AUDJPY is likely to continue the bullish trend with the next target price is at the level of 1.13.
SELL STOP 88.22 TAKE PROFIT 84.26 (100 EMA) STOP LOSS 89.33
SELL AREA 88.09 TAKE PROFIT 85.68 STOP LOSS 88.83
BUY STOP 1.2916 TAKE PROFIT 1.3216 STOP LOSS 1.2859
this pattern is complete forming an alt bat pattern with 0.8850 as potential reversal zone. but still requires additional confirmation to open sell position.