wd1040

wd1040 Updated 

GBPAUD has been consolidating out of its previously bearish moves and appears to be turning higher. Its price action recently have been over the confluence of MAs which have been crushed closer. Looking to long to 1.5200, the base of the previous congestion. Stop will be a hourly close below and consolidation under the MAs. Something like a lot of hourly candles...

wd1040

NZDUSD has broken the most recent rising wedge from 1/19, and is below the confluence of SMAs on all timeframes, including the daily. Selling at .6608 up to .6630. Stop if the pattern is invalidated, and the price breaks through the bottom line, most likely at around .6680. Targeting the previous low and another long term support at .6270 by around April 1st.

wd1040

On daily especially, the EURUSD is being squeezed into a triangle (basically symmetric too). Thus, it is good practice to wait for a breakout for a clearer direction. I have a long bias, as MAs are being crushed flat and under the price, indicating that the general previous trend is changing. Of course, if there is a large and conclusive break downwards, then this...

wd1040

... now trending downwards. Two quite long term supports broken so far, with that pullback (to retest the confluence of MAs) to support the fact that the trend is now looking downwards. Shorting now, and adding at 1.4800 if it tests, with a stop above 1.5000 (above the previous peak). Target something around 1.3800.

wd1040

USDCAD hourly has bounced up and down within this quite well defined triangle from late August. 10, 20, 50 and 100 MAs are all converging, and the TTM Squeeze indicator (Bollinger, Keltner and an oscillator) all show the pair is ready for a breakout. Base of the triangle is 300 pips, which gives a target for the first move after the break , whatever the...

wd1040

Major crossunder of the 200, 100 and 50 MAs. May recover to a higher level below 1.55800 but resistance here provided by the 7/10-7/13 congestion may mean a retest on a break lower.