EURNZD Weekly outlook
Price has been bullish since late July with no major pullbacks. We did see some small areas of consolidation but nothing too major from the bears. We now have a triangle pattern forming with a key level highlighted in yellow. 2 plans on this:
- To be a bull in the pair ideally we would need a break of falling resistance and...
USDCAD weekly outlook:
Seen a recent double top formation with a strong uptrend holding. Naturally, we are looking to break this line and rally back to support levels. We still have to consider further bullish control if we break above the highs.
- To be a bull in this pair we are waiting for a break of trend and target previous levels. USD is...
USDJPY weekly outlook -
Long term bearish trend with some short term bull momentum following wedge breakout. Is there a potential for an inverted head and shoulders pattern? Not putting all eggs in one basket on that plan but could happen.
Rising trend line heading to key resistance above means we are waiting at this level for price to test and...
This pair has claimed retail trader accounts since mid-2019. Traders thinking they have found the top but with Brexit talks very much a hot topic.
Price has found a bullish channel after breaking yearly highs and recently broken the midline. Previous high acting as support with S1 pivot right on top. Will wait on this level for...
Looking to SELL GBPAUD in SELL AREA and to close in Target Areas. Aiming to target 100+ PIPS.
Enter on reversal candle.
If price shows clear Strong Bearish break of price area 1.78600. Execute SELL.
GBPUSD 240 Analysis
Been in a long term downtrend within the channel currently grinding lower with Brexit talks and a strong US economy with a newly resolved trade war and strong data.
- THE BE A BULL: We are now seeing a rising uptrend; if we can break above the channel mean then some short term buying can be a potential setup but still...