Please see annotated chart for details.
Hello traders, price decelerated nicely into the 0.7270 support level, meeting also the bottom trendline of the current bear channel. 50 EMA very far from current price so I see only 0.7350 level as possible resistance. Keeping in mind tomorrow's NFP, I will be ready to catch an upward acceleration. As always wish you good luck!
Please see annotated chart for details.
New long opportunity on EUR/USD after the previous opportunity didn't trigger. Please see annotations on chart for details.
Please see annotated chart. entry - above high of low test bar stop loss - below low of low test bar target - at previous swing high or higher
View on EUR/AUD based on reasons shown on chart.
NZD/USD has retested 0.6500 today closing as a low test bar and just shy of trend line support. Price has also reached the 0.786 Fibonacci level closing above it. Stochastic and RSI show hidden bullish divergence. entry - above high of low test bar stop loss - below low of low test bar target - at previous resistance at ~0.6880
In a recent and new upward trend a shallow retracement into a support area consisting of a horizontal price zone and the 8 ema. This area falls around the 38.2% Fibonacci retracement region which price has rejected giving a low test bar/bullish pin bar suggesting a long position. entry - above high of low test bar stop loss - below low of low test bar target - at...
Criteria meeting long set up: - low test bar close - support at ~4450 - trend line support (third test) - rejection of 200 ema - ascending triangle pattern entry - above high of low test bar stop loss - below low of low test bar target - at next resistance level or higher
We have seen a great move from this currency pair since September 2014, I have only been trading for the past 8 months now but I always start my analysis of a currency pair with the MONTHLY time frame. I noticed a very clear trend line and very clear higher highs and higher lows. Currently USDAUD has come back to the trend line, so I moved down the time frames...
A low test close at a previous level and oscillator bullish divergence suggests potential upward rally on EUR/AUD.
AUD/USD has formed new structure recently showing signs of a trend reversal. Whether this continues to hold longer or not is for price action to reveal. As for now, a potential bullish continuation is brewing after what seems like a shall retracement. The close of price action by end of day as a low test bar above ~0.7250, where price has found support, will...