USDNZD looks good for a sell setup. I am expecting a nice move to the downside. Use your tested trading strategy to determine the best buy and sell levels.
There's a few ways this trade could play out, and how you play it entirely depends on your trading strategy and risk tolerance. I am expecting a bounce at the sidewards support level before a...
The previous push above the 1.0825, (38.2%) Fibonacci retracement of the May-December fall and the 1.0870~ high of December 2016 has not been sustained, with EUR/USD falling back into range.
Downside risks, however, are expected to remain limited, as momentum studies continue to strengthen and positive divergence unwinds. In the coming months, fresh gains are...
GBP/USD is trading higher once again, in line with improving weekly and monthly studies.
A close above the 1.2615 high of March will target critical resistance at the 1.2775 high of December.
A later close above here will confirm a significant rally, as the October 2016 bull trend gains traction and investors adopt an outright bullish stance.
Inverse H&S pattern in play on daily time frame.
Looking at monthly time frame GBPUSD has done too much in to short a time i.e. seems oversold so this is likely to be the rebound
Although not shown on chart 38.2 fib level lies at approx 1.31
Entry is placed at the 1.264 which will likely occur on the next pullback following the break of the neckline
AUD/USD is finding support above the 0.7455 (50%) Fibonacci retracement and 0.7450 congestion area. Rising short-term studies suggest potential for a push above congestion around 0.7600.
However, mixed weekly readings are keeping investors cautious of further strength, with the 0.7680 high of 30 March to prove difficult to reach
Consolidation is highlighted,...
GBP/USD continues to extend gains.
Focus is now on the 1.2706 0.77% high of February, with rising momentum studies and the improving Tension Indicator (not shown) anticipating a further break towards critical resistance at the 1.2775 high of December.
A later close above here will confirm a significant rally, as the October 2016 bull trend gains traction and...
Break below 25.65 putting focus on the 25.40, (50%) Fibonacci retracement of the 2016-2017 rally.
An unexpected close above 25.65 will help to stabilise prices.
Bear signal from 26.15 intact.
Stop lowered to 25.71
big risstance right here on 1D chart downtrend confirmed by indicators more so in 4h but reverent in 1D.
setting my stop around 0.77160 ( maybe slightly higher ) just above major resistance
i believe it will return to the bottom of the long term trend channel (green line) but going to adding/removing positions at each support/resistance depending on market...
The USD DXY Index is coming under increased selling pressure.
Prices have fallen sharply from the 101.79 high of 14 March, with falling momentum studies and the weakening Tension Indicator (not shown) expected to keep prices under pressure. A break below the 99.63 low of 6 February will open up critical support at the 99.23 monthly low of 2 February and 99.27,...
Selling pressure increasing.
bear Signal at 26.15 deepening.
Potential for a break below the 25.94 Fibonacci retracement and 25.93 low of 16 February.
Bearish studies to limit any immediate bounce.
Stop Loss lowered to 26.27.
The USD DXY Index continues to find difficulty sustaining higher levels, as resistance firms at the 102.26 high of 2 March.
The anticipated corrective pullback is now underway, as daily studies extend lower, with a break below congestion around 101.00 opening up the 100.41 low of 16 February. A further break cannot be ruled out, as momentum studies and the...
USD/JPY remains under pressure. Momentum readings and the Tension Indicator (not shown) continue to weaken, highlighting fresh downside risks in the coming weeks.
A close below the 111.59 low of 7 February will confirm continuation of the December 2016 bear trend, with focus then turning to the 110.27 low of 22 November. Just lower is the 109.93 Fibonacci...
Beware of the level that the the Aud Chf has made it to today this level has seen 2 major drops from break of this price.
My trade decision is short based on it being a test of recent resistance and there is lots of indecision on smaller time frames.