Price is moving in a bullish channel and he market is technically bullish after a series of higher highs and higher lows. Bulls will look for opportunities to buy the dip.
The pair on this chart indicates that an inverse head & shoulder reversal pattern has been printed. Price than moved to the upside and retraced back to the previous resistance level which is now role reversal support. Bulls will look to buy the dip as this could potentially be the beginning of a bullish trend.
This hourly chart shows that price is bearish and currently printed a lower high at the time of writing. Bears will look at this as an opportunity to sell with price being at role reversal resistance.
Taking a look at this pair we see that price has printed a higher low which predicts a higher high. Price is trading in a bullish channel, and if it respects the channel than its possible to see this pair move to the upside. Fundamentally the Switzerland’s central bank, SNB, kept policy settings unchanged (benchmark rate -0.75%) and continued to stress their...
The H4 chart also shows that price is setting up for bearishness after price broke through the bullish channel to the downside and printing a lower low and a lower high. The trendline is currently acting as resistance for price and a possible sell opportunity for bears.
A look at the daily chart of EURAUD. Price has failed to continue the upside bullish momentum after finding near term resistance @ 1.6230. A head and shoulder pattern seems to be forming with price currently in the process of printing the right shoulder. If resistance is respected than bears will look to push price to the downside, and a break of the neckline...
