Two potential price paths have been identified. Will NZD weakness continue?
Price residing in an interesting spot, back in our range. Price has broken out one to the upside and downside. Long term bearish on this pair. Will we see that strong downside break now?
We can see price broke out of an ascending structure following CHF weakness across the board. Price is now retesting the top of this ascending structure.
Where will price head next? Two potential price paths for you follow.
Have a great trading day and weekend!
Price residing back down at our long term range support level. We've seen CHF bulls sitting at this level providing some resurgence so far today.
Are we going to see a break to the downside this week and price continue to fall?
Will we see further downside movement on this pair?
We saw a break of structure last week after price tagged the top of our ascending channel around a key long term level in the market. Will we see price cycle down to the bottom of previous structure?
This pair indicates strength vs strength in the forex markets at the moment. Want to know what this means? Drop...
Expecting this pair to create a double top, then give me an entry Reason to sell. (Engulfing candle, indecision, shooting star, morning star, harami).
This trade is highly probable considering the last low created, and the new high in progress.
We saw a JPY resurgence through the trading day yesterday. This has seen price retest the top of our range after the strong breakout.
Where is price heading next on this pair? Are we due EUR strength across the board?
This pair identifies strength vs strength in the forex markets right now with both currencies strong across the board.
We can see GBP is gaining on the NZD breaking through key short term Resistance levels. Lets see what happens at our long term key level in price.
Use wider stop losses on this pair to account for the choppy price action.
We've seen continued JPY weakness in the markets and a USD resurgence of late taking this pair higher and breaking through a key level in previous structure to the upside.
Currently price is following our forecast. Will we see a retracement to retest our level - or will price continue to head higher as the bullish cycle continues on the 4HR?
Currently at the top of long term ranges - fakeout to the upside followed by bearish pressure in the markets, potential break of short term structure potentially indicating further downside movement for this pair?
See how bears failed to push price down to support. This is our first indication that bulls are beginning to take control of this market.
Bulls did indeed take control and we've seen a breakout overnight of this range after some indecision at our key resistance level.
Where will price head next on this pair?
Interested in talking trading over the weekend? Why...
Price has rallied up to tag our long term resistance zone before bears have entered the market once again. Will we see a break of our ascending trendline? Price still trading inside our blue highlighted area bouncing between key levels in the market.
Bears continue to take control of this market as price breaks to the downside. Could we see a retest of previous support before further movement to the downside?
We forecasted a break to the downside because it was in line with our HTF directional bias on the pair. For more - just drop me a private message!
We have seen our forecasted break of the key 4hr resistance level on this pair. We have predicted this for a long time now. As expected, it's a strong bullish break with CHF weakness through the London session.
Go back and check through my previous analysis on this pair!
Break of structure, double bottom formation - bulls take over the market and break through range bound price. Simple analysis on this pair.
Watch for the blue key levels marked for turning points as we begin our ascent! Check out our two previous linked ideas!
On the daily we are in an ascending channel. Scale down and you'll find key levels on the 4hr. See how these key levels are being broken to the upside? This indicates bullish momentum in the markets and aligns with our longer term outlook on the pair.
The blue levels here are key levels in the market where price has gravitated to and bounced from more often than...
Price has closed for the trading week at our key resistance level. We are expecting to see further tests and a potential break to the upside next week.
Stay tuned for more analysis - and of course, any questions don't hesitate to direct message me. I will do my very best to get back to you!
Have a great weekend folks!
Check out our previous forecast on EUR/AUD. We can see price has broken our resistance level, retraced and tested the level as support before bouncing away.
We predict market moves before they happen.
Happy Trading. I'm around during the weekend if you want to send me a DM and we can have a chat about the markets!