USDZAR likely to continue rising because we had a reset and more potential on he upside. If it breaks the previous resistance we look forward to be taking longs. Also, retail sentiment states that there are more traders going short on USDZAR.
USDJPY might continue being bullish this week, due to a (possible) reset on the H1 200EMA. Retail sentiment says that more traders are shorting this pair.
EURUSD likely to continue being bearish since we are in H4 level 2 and just had a (possible H1 reset). Sentiment also supports that retails are long on this pair
GBPUSD might continue being bearish because it is on Level 2 (H4), just broke the resistance so expecting a retest and continuation.
Observing the 3ADR from the 21st to the 28th of April, it seems like price has finally come to a Peak Formation Low. Now expecting price to rally up to the 200EMA or possibly the 800EMA as our TP points.
Expecting a second leg of W formation on GBPUSD to confirm a Peak formation low. After second leg has been formed, expect a start of a bullish cycle up to he H1 200EMA or 800EMA
Expecting a straightaway sell on XAU/USD since we are in Level 2 and also retested a resistance zone.
Expecting USD/ZAR to Reset on the 200EMA at 15.60000 or sell to 15.10000 first before continuation of bullish trend.
Expecting a slight pullback to 20.33000 which will act as a stop-hunt low. after that, price might continue being bullish. First TP will be on 20.85000 .
Expecting a short sell to the 1.27850 zone before buying. A possible buying Take Profit would be 1.29000 since there is a resistance zone there.
Expecting a price rejection on FX:USDJPY at 130.400 forming a second leg of M formation to form a peak. This Peak represents the change of trend. Price might rally down to 128.600 that will be our first Take Profit zone.