Buyers lost control and we found exhaustion at 0.72620 sellers took control and drover the price away from the trend line which represents daily analysis. Sellers drove the price through the support of 0.71697 which we are now testing as resistance if we keep testing this level and show no signs of buyers and we see sellers keep control we will look to enter...
Had the bounce off of the monthly low of 0.92476 at 1D time frame. Tested and rejected the 50% fib at the price of 0.94354 next key pice test is a minor resistance of 0.97592 we need to break that price and test it as support within the next four weeks.
CADCHF broke 4H downtrend lines. 4H fib retrace hit 61.80% and shot off. You could say we tested the new support of 0.74636 and have bounced after breaking through and testing again with a pullback.
We have Moving Averages crossing on the daily chart. We are looking for price to be tested at the resistance zone of around 0.75699.
We have been on a monthly downtrend from the price of (0.81356) - (0.70213) we are starting a weekly uptrend from the price of (0.70213) We should break through all previous resistance and test these as new support and hope to end up at the price of (0.77098) Which is a 61.80% fib retrace hitting TPS along the way at 38.20%, 50% and then 61.80%
Past a key support level at 0.73106 which has now been tested twice as a new resistance level hoping to see . Mix that with price action and fib-retrace we have calculated a three TP (Take Profit) trade.
Will see a double top @ 114.587 and a retrace to 113.159 then either downtrend breakout to 111.427 or a break up surpassing 114.587 breaking the resistance and making a new support.
Multiple rejections @ 114.000 on the monthly time frame.
EURAUD has hit a crucial price testing point of (1.61454) we have seen rejection at this price two times before. Multiple rejections at a price point indicate a reversal. if we start to see a bullish takeover we will look to take a long position. If we see price rejection and a bearish presence then we will look to take a short position. Could potentially see some...
Bulls cannot drive the price past (1064.360) bears have taken over and are driving price down towards a previous test of (962.013) will hold my position TP is at (962.013) but will adjust SL along the way.