EURAUD has seen some wild moves last week. It appears this week things might settle down and may run to fill the Gaps.
It appears Cup and Handle in formation and we may see some bullish tone to fill the GAP.
DowJones has never seen such a rapid crash in its history. It looks like we have just started, and more room to drop. Be Careful Guys!
#USDCAD earlier reached to our falling wedge target. And now we have a rising wedge in formation. Gaps widely left open near 1.3423. Expect bearish tone to build up. Watch for #BreakDown
GBPUSD looks like to be getting ready to jump north. Weekly appears to be Head and Shoulders patterns and every down-leg is well supported by the uptrend line, giving further cues, bullish momentum is gradually developing. Watch out for SL zone. However seems to remain Buy in Dips.
#EURUSD Can we expect a top has been formed now. A quick rally this week could be preparing or pricing in for any surprise #NFP. The Gap still remains open. Tight Stops and let it flow South towards H&S Target at (1.0515) $EURUSD #FOREX $EUR $USD
#USDCAD is gearing for an up-tick. Will #BOC cut more today we shall see, in any case weakness looks apparent in #CAD #FOREX $USDCAD $USD $CAD
#GBPAUD - Do we have a Double Top here. Further weakness seems to be there in #GBP Pairs. And #AUD looks to be bottoming out soon. We may see a drop in this pair in coming days. Watch out for SL (1.9771) $GBPAUD $GBP $AUD #FOREX
We could see some pop up and sellers would take the control. Weakness may be expected as it moves up. 1.24-1.28 level could act as the key hurdle for buyers to pop, failure to do so - will push the pair down again and aim for 1.106.
GBPUSD saw a killer uptrend breakout, flushed out all the stops. Reaching overbought horizon - possibility of touching the breakout zone again - to regain control and develop momentum in order to push higher again. Have been in triangle continuation pattern, with further up leg possible to be seen. Watch out for any Brexit Headlines.
USDJPY is coming in oversold region and near the uptrend line and Fib ratio support. It looks feasible to buy at around 110.70/80 levels and expect a pump up again.
NZDUSD, has created many signals for a bearish continuation. RBNZ is hinting for a rate cut in August and further ease will be negative for NZD. Technicals suggest Head&Shoulders pattern in formation. Bearish RSI Divergence in Existence now. We are looking at 0.6750 Zone as 1st Target with open target at 0.6550 Having short the pair at 0.7185 and 0.7205 -
It seems the upside momentumn that occured after NO DOHA DEAL, seems now bearish gartley pattern was forming. We need a close below $45.92 to confirm the pattern in existence.
Bearish Divergence in development in the Daily Chart. Also have touched the resistance down-ward channel line. Good Luck.
As you can notice both Daily Period Charts. On the left we have JPY Futures, and on the right we have USDJPY. JPY Futures 1 - It has been forming Inverse H&S Pattern, which looks completed as per projection basis. 2 - Touched the 88.6% Fib Zone Resistance. 3 - Bearish Divergence Formed, indicating a weakness to develop in JPY. USDJPY 1- It has been forming a...
As seen in the weekly chart. We see price is indicating a bullish momentum to develop again in the pair. 1 - We are at the 38.2% Retracement Level of the major upswing. 2 - Price respecting the uptrend line, perfectly. 3 - Hidden Bullish Divergence in existence, shouting another push up is welcoming. Good Luck, let us see how the market trades it next week. Just...
A very good trade is forming up. A nice Head and Shoulders currently being formed, providing a nice Risk & Reward ratio. Good luck
Bullish Crab & Head and Shoulders Formation, More downside to be seen. Good Luck.