This Resistance and Supply is vital... If respected, then other currencies will become strong as expected.
AudJpy is making strong uptrend since weeks. The daily structure has been stopped with many key resistance levels upside. I assume the trend is going to change its direction downside. We have to look for sell from higher side. There are key areas above in the red zone. We can get sell entry after confirmation for long span of time pointing to the area downside....
I shared this one (DXY) some days ago... My thinking and analysis are still same as before.
I think trend line is broken as upside has strong resistance line... My predict Euro go deep... but there is still chance to break the resistance line above as it is strongly trying to break the registance line above...
From my previous analysis, I marked that vital zone downside that includes various support line following a demand zone. After the strong reject from that support line, DXY is looking for another supply zone. I expect the price will receive a rejection. After the pullback, DXY may break that resistance line above and continue its bullish trend line above as...
Since the trend is in strong bearish, last week we saw a bullish mode to support its trend line. Eventually, the trend line is broken and has formed into a Quasimodo pattern. Now, we can look for sell entry after from its neckline.
The Price of this pair had been down over the few weeks. The trend line is conspicuously broken and also broken the structure upside. It has started to form another trend line to upside and creating supporting below. Eventually, The price came down to grab liquidity. I expect the price may go up from that demand zone with low risk reward ratio.
If Gold price manages to remain above supply zone or 1771, then we can expect the price can go up to next supply at 1805 zone.
Since last few weeks, GBP was still bearish. Now, It is trying to find next supply zone. I expect the price will again fall from the next supply or liquidity zone. FX:GBPUSD
Euro was in strong bearish since last few weeks. Now, it was trying to find a resistance to test.
DXY is highly bullish and testing its trend line multiple times on D1 timeframe. There are so many key resistance levels and it was finally broken and gone up. Eventually it has become support. I expect the price may go up testing its key zones and support and demand zone or it can break the trend line and look for next demand zone.
I see the price OANDA:EURUSD is heading upward direction. According to my personal opinion, the Euro can form into head and shoulder in the upcoming week. let's see what happens next.