US dollar collapse seems to be bottoming out at previous multi-month price resistance that could be a support in price action now, following the good numbers out the US January jobs reports
US dollar index price has drooped into an interesting price zone where a bonce in price is likely...keep an eye on those dollar crosses..especially usdjpy
as EURAUD breaks above the downward trend line..am getting for a retest of a previous resistance ..
AUDCAD sets up technically to explode higher as price has broken and retested an old long term downside channel...a resumption of Higher moves in price expected..
Bitcoin set to retest 19-20k price range as there has been a breakout and retest of a tested resistance level..
downside rejection candle formed at the end of the day's canlde at siginifcant support level... wait for price to break todays highs on 4h/1hr candle to get long on this pair..
Price action retests and quickly rejects previously help support..price looks to continue higher from here.
after retracing to 50% fib AUD sets to resume the move higher..keep on your radar and wait for NFP readings, as the report affects every fx pair.
waiting for price to complete at D, for a possible bearish cypher pattern completion.when when touches D ,i look for a bearish price action to get short...
although this pair has been in a downtrend on larger times frames, the price action am seeing on the daily seems to suggest a turn is in the works, as price might break out of that squeezing tunnel and explode higher..the pair is definitely on my radar..
AUDNZD: looks set to resume the upside move as friday's candle close clearly show a powerful rejection of lower moves at previous structure resistance which could now become a support..
A BREAK-DOWN AND RETEST OF THAT RISING CHANNEL TO THE DOWNSIDE , TECHNICALLY SHOWS WEAKNESS IN THE PAIR..AM SHORT THE PAIR..
nzdcad shows signs of weakness as it tops out at its long held multi year resistance..