expecting a push to 1.15000 psychological level before seeing a drop back down to 1.11000 a strong level that has acted as a support in the past. simple support and resistance trade.
head and shoulders pattern on the eurusd pair, looking for price to continue making lower highs and lower lows and continue down to support. strong dollar is also pushing this pair down.
us dollar still strong expecting a break of 1.36000 this week where price has struggled to break, a break of this level will open up the highs of 1.38500. price still respecting bullish trendline still making higher lows and testing the 1.36000 only a matter of time till price breaks above this level where a entry can be placed.
looking at inverted head and shoulder. good support and resistance area printed out. looking at test of bottom support and push to1.68000.
price is in a strong up trend, and has re-tested the upward trendline after breaking above the previous high. 61 fib golden zone has been tapped on the trendline bounce and pushed back above where price holding this area. price has spent most its time between 1.68500 and 1.76000 to which price has seen this bottom level and is progressing up to 1.76000 the top...
price below strong resiatance which also lines up with 61 fib golden zone looking at sells down to -21 fib which also falls to the bullish pendant trendline and support. possible buys from support as overall bias and trend of this pair is bullish.
we have a major trendline from 2016 that has continuously been respected, price broke above of February this year and re-tested before trading higher than the trendline, price tested the trendline in November again and couldn't break through, pushed higher to test 1.25000 level before collapsing to 1.22000, and came back into the trendline, testing the trendline...
gbpjpy forming what is a head and shoulders on the daily time frame also at the top of the trend line which you cans see if you zoom out on the daily, downtrend since 07. 140.000 is the price i will be looking for if we see a continuation of this pattern as breaks the 148.560 price. if this doesn't happen we will see a break of the trend line and a possible high...
EURCHF got a ranging downtrend, hit the support with also a little support showing at the bottom consolidating around the 1.08200 mark also showing 4 touches on the support with 3 failed breakouts meaning the sellers are failing the push price lower. placed a nice sl just below the lowest breakout with tp at the 1.09334 price where we have seen price bounce off...
wti broke below uptrend, has retested the uptrend line becoming a resistance, likely to see a nice pull back down to once a good resistance we might now see it support the level at 66.500. if it holds we could see some consolidation before a move back up but if not we might see price break below the 66.500 support down to the 64.00 price range. please do your own...
put analysis on last night to buy at open and run all way to support at 1.19450 which became resistance, hit resistance rsi showing overbought and now looking at a bearing trend down to next support at 1.18350 but could see bears push lower...
gbpcad looks to the downside as it reaches a clear support line its not been able to push through the 1.74400 since late 2020.