We've seen a pullback, lower high formed and more downside over the last couple of days. We're riding price down, long term targets around 117.80
Technically wise, we have seen a break from ascending structure, overextended bullish cycle, hawkish JPY outlook, price retraced to test trendline and key level in the market.
Are we going to see some bearish PA if we break this ascending trendline?
Check out what happened last time we broke an ascending trendline!
If we do see a break and downside movement, keep an eye on our marked shorter term key levels for potential bounce points and areas of support.
Here is AU on the 4HR Chart.
First analysis from us for the week ahead!
Lets see if we can get a break of this support with potential USD strength incoming?
How will this one pan out? Remember, wait for confirmation in line with your personal strategy!
We have seen price break our descending trendline. Could this be a sign that things are starting to turn for the USD?
Have a great trading day, remember - Jobless Claims data release is out today and every Thursday.
We have seen a break of structure on the 4HR. Is this the first indication of a trend change?
Lets see how price moves over the next few days. Could we see further downside?
Also note how psychological whole levels have acted as support and resistance in this structure.
Have a great trading day!
This pair has fallen around 220 pips since an initial entry was identified.
Price broke this ascending trendline, retraced to a key level in price on the LTF coinciding with trendline rejection with wicks forming to the upside.
Zoom out and you'll see GN is at the top of the range and through cross analysis you can identify that this currency pair is strength vs...
We have been bullish on the USD for some time now.
We've seen a break of our ascending channel and key level in the market in the latest bearish 4HR.
Right now we're seeing some rejection of 1.38.
Be careful trading this market today with NFP figures out!
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?