teganmosi

teganmosi

so last week we saw a breakout on the trendline in usdchf which resulted in a long sell, well price has now retraced to the previous support which is now a resistance level and looks to continue it's down trend

teganmosi

from my analysis, i expect nzdusd to sell, price broke the smaller trendline, retraced back to the trendline and it should continue moving downwards now

teganmosi

i'm predicting that price will move up to the trendline and from there we can have two possible scenarios, the first being price could break the trendline and we could have a long buy to the nearest resistance at least and the second being price could bounce from the trendline and we could see a long sell coming in to the next support, we can't really tell what...

teganmosi

is it time to sell eurnzd? price looks to be forming a support on the trendline and could potentially break the trendline for a short sell to the last resistance, this is just an idea though as price could go the other way and continue with it's up trend

teganmosi

price already broke the trendline and is heading downwards, it's currently oversold on the support so i expect the support to hold for a while before price breaks the support and then we'll have a clear sell signal

teganmosi

At the moment gold is approaching a support which gives us two possible scenarios, either it bounces off the support and gives us a buy signal or it breaks the support and gives us a sell signal, price looks indecisive right now but we should monitor gold and see what heppens in the next few hours

teganmosi

i could see usdjpy going short, i'll love to hear what anyone else thinks

teganmosi

gbpcad looks like a possible short but i think we should wait for price action