Possible short opportunity on GBPNZD.
We have seen rejection at resistance for the 4th time and so we can expect some bearish momentum.
A break of the 200 day EMA and the trend line at the 1.8975 level would call for a short opportunity where we could see price return to support at the 1.8610 level.
Confirmation of breakout:
- Closed bearish 4Hcandles
Possible short opportunity on EURCAD.
There has been rejection at resistance (previously was support) and momentum may be turning bullish.
If price moves below the 200 day EMA this gives an indication of bearish momentum and so we could see price break the trend line at 1.5490 and head to the 1.5340 level or the 1.52000 level. At these levels, we have seen...
Price has been ranging between support and resistance levels since the end of July.
Recently, price broke through resistance on the 22nd of September. As price has now reverted back down to a level of previous resistance, we could see price reject at this level and at the 200 day EMA to create bullish momentum and move upwards. If there is confirmation of...