salv236

salv236

looking at the weekly chart in the last few weeks we see a bullish reversal occuring, from a fundamental perspective JPY's economic is relatively weak compared to USD. I can envisage a pullback next week may enter a position next Wednsday TP 140.000

salv236

The weekly chart provides us with better detail when it comes to market direction this week has seen a sell off on EURAUD next week i expect a pullback to the bull side before we gradually see this pair short to 1.47xxx - 1.50xxx level

salv236

Looking at the weekly the 1.06680 - 1.05040 levels is an area to watch to see what will happen with price action, i'm wathcing these areas for a bullish reversal but for now its in a bearish channel.

salv236

watching to see if this reaches the October 2020 Lows before taking it long waiting to see how price reacts to the 0.85xxx - 0.86xxxx levels, if we see a bullish engulfed candle then its time to go long.

salv236

The daily chart indicates seller exhaustion, price has reached a significant low level daily reaction indicates a reversal to the upside Entry: 1.53476 TP: 1.56000 SL: 1.50000

salv236

Technically we are in a channel on the 15min chart which looks bullish, from a fundamental perspective Australia's economy is much strong than Japan, we heard recently that in Japan there was a state of emergency in Osaka Stop loss: 79.159 Entry: 80.159 TP: 80.759

salv236 Updated 

we could see this short once it reaches 1.67729, wait before rejection before shorting as we dont know whether it could go higher AUD is currently weak due to China tensions halt purchases of coal from Australia. TP1: 1.65615 TP2: 1.65069 TP3: 1.64690

salv236

price rejected the 1.08945 resistance level, on the 15min chart price action is below the moving averages, going towards the 1.7700 TP just above support

salv236

price is almost reaching he lows then potential for a bullish run to 0.66037

salv236

bullish emerging on daily chart TP target 1.96900

salv236

The daily chart tells me that its bullish, price action on the 15min chart indicates itsbullish as its above the 50ema. TP1 137.595, TP2 138.379, TP3 139.000, having said that i would take extra precaution this week, reduce your TP, we are expecting a lot of volatility with more brexit talks, Trump corona status, and stimulus package in US stalling it could...

salv236

The daily chart is indicating a short bias, the 4 & 1 hour is favouring bearish behaviour, on the 15min chart price action has broke below the 13 & 50 day EMAs TP 1.78191

salv236

has reached a significant level cannot break resistance i see this selling off to 1.63550 level, price is below the 50ema on the 15min chart.

salv236

this has been on a continuous bull run we could see this hit the 1.81000 level

salv236 Updated 

AUDCHF looks like its reaching a significant level reachin a significant support wait for price to tell you the direction i see this going long.

salv236

possible take profit on the resistance line 1.09305

salv236

I ssuspect that this could be a bullish trend however best to wait for the next day confirmation candle, im hoping for three white soldiers pattern.

salv236

From what i see bollinger bands are contracting, there has been a bearish trend for the past week, its currently hit its lowest point as identified from the support line, my prediction would be a bullish trend.