Michael_Molahli

Michael_Molahli

The pair is making a retest to the down side so we are expecting it to touch our last support trendline and continue with our bullish trend afterwards

Michael_Molahli

The dollar is heading towards our resistance. At the moment we seem to be in a bullish continuous consolidation pattern. The prediction is that the dollar is yet to reach the upper trendline and maybe break out of our monthly channel

Michael_Molahli

JPY is gaining strength over AUD. We had our first break out and then the price retested back to our support trendline. The bears broke out of our support to confirm that we were in a retest so we are yet to see the price go down

Michael_Molahli

The bulls failed to breakthrough our resistance after making a touch but broke out of our bullish channel meaning the bears are winning over the bulls. We seem to be heading to our weekly support