Playing off the infamous 61.8% region and trend line. Let's see if there is enough momentum to bring it back up a bit
Prices seemed to be stucked in a downwards channel. There is a good opportunity around the area 1313.50 to setup a long position. If prices head down, we can expect prices to bounce back a bit as there is a area of support and the 50.0% fib levels to hold prices.
EURAUD seems like its stuck in a Triangle formation. If you look back on historical price, there seems to be a reversal around 1.450 area. This would be great swing position to get into.
USDJPY is showing some bearish divergence. With prices hovering around the 76.40% region and prices losing steam to break higher. I expect prices to head down to around the 61.8% region.
RSI giving a signal that it's about to go down. Coupled with prices hitting the upper edge of the bollinger band, I expect prices to fall in the short term.
RSI indicates a clear divergence within this pair and we can also see NZDUSD stuck in a channel. I'm looking to short this pair down to 0.7227 area
Some strong resistance area around the 1.1167 area incorporated with fairly high RSI values.
The pound rose back up a bit since Brexit. However there are indications that it won't go up that much higher.
USDCAD is currently hitting levels of strong resistance where prices failed to break out higher for a while. I nice scalp to the short end will play nicely in this situation.
The jappy has proven itself to be the safehaven zone for many traders after all the events surrounding Brexit. A good scalp position holds as USDJPY heads up to an area of resistance and trend line. It may also head down at 102.491, as it's right at a significant trendline and 76.4% fib levels. I expect the pair to continue to fall lower in the future
GBPCHF is currently however over the 61.8% region and a area of confluence with multiple support and trend lines. It looks to be that GBPCHF is about to break this region, however for a better indication, I will wait until the break of 1.42215 before entering a trade
A lot of negative data coming out of the US lately. With the lowest NFP results in 7 years, Interest rates failing to rise again, and positive oil data, I would look to continue shorting USDCAD. In the technical perspective, The 4th wave is currently proceeding, and I have a gut feeling it won't go higher than 1.2830 before turning around to complete it's 5th wave.
A Clear pennant could be seen forming on EURCAD. I suspect the pair may be heading lower as there are some bearish movement in EUR at the moment
A Clear hold of the 110.355 levels could be seen (also the 76.40% region), and it looks like USDJPY will continue it's bearish trend. Currently, prices are retracing at the movement, and it looks like prices will continue lower after the retracement
Made a nice call on NZDUSD last time and it looks like my predicting lines on the pair is going well. I'm going to short again on NZDUSD, as I believe it will head lower to around 0.6683.
USDJPY is currently at a point of major confluence area. With prices right at the 76.40% region and upper trendline. I expect prices to breakout of either direction. Let's wait and see
Looking at the daily time frame, USDCAD made a clear turn around in its prices at the 76.4% fib level. This suggest that the pair may now continue its impulse run to higher highs. I would be looking to buying this pair from now on.