AUDUSD pair raced upwards strongly yesterday to approach from 0.7700 barrier, targeting testing 0.7740 level mainly, noting that breaching this level will extend the bullish wave to reach 0.7830 as a next Target area
-Bullish trend supported by the EMA50
Expected trading range for today is between 0.7604 support and 0.7800
BTCUSD is also in a downward move since the 11-June high with consolidating prices fluctuating with Lower High's and High Low's.
Resistance zone: $2600-2650
Support zone: $2300-2350
Should BTCUSD sink further, then I will look for a next support level around the $2150 mark.
Will I buy then? hmmm not sure... yet. Let's see when we get closer till the 1st August...
H4 chart shows that pair is in consolidation within broader upward trend. There is currently an attempt to initiate a rebound from support. It seems that in nearest future price may grow towards last two highs. You can consider long position.
EURCHF is stuck for 3 weeks between support 1.0870 and resistance 1.0980. Moreover, during this period price respects established downward trend line . Another test of this line took place today and again ended with a sharp bearish reaction and a move towards 1.0870.
Clearly there is no place to continue current movement. From below we are getting close to...
EURAUD exchange rate for a week is moving in more than 150-pips consolidation, which was formed after setting the maxima at 1.5073. The wider trend remains bullish, but signs of weakening are showing, even in the form of the discussed consolidation.
Currently the rate is at the lower limit of this consolidation, which is located at 1.4930. Successful breakdown of...
In June 2013 (Green circle) price broke below the 200 EMA and an important support level 0.9650. Price made a low and retraced back up to retest this key support now turned resistance in October 2013 - failing to break above this level and creating a lower high. Since then, price has been in a downtrend creating lower highs (yellow box's) and lower lows (blue...
USDCHF has been moving around parity but its dancing days might (hopefully) be almost over.
In the last days the pair bounced between two important moving averages: the 100 SMA and the 200 SMA (in the chart, the Turquoise and Black ones are actually EMAs though).
And all around the roundest round number 1.00000.
This could mean a breakout due soon.
With Trump set to give a speech today (Wednesday) I have marked this as a neutral trade, because I think that the contents of his speech will be the likely cause of a breakout in either direction.
A live video feed of the speech and a quick finger are probably the safest way to make a trade here, or you could take a position either way with a stop placed just...
Its been in a consolidation for about a week (Due to the holidays), if it breaks on the downside prepare for a sell but keep an eye for any fake breakouts.
When I activate my trade. I will hold unto this position till around the 78.6% ( 0.9396 ) Fibonacci mark and leave my SL around a few pips above the consolidation pattern.