The pair is currently trading on significant S&R area with multiple reversal points. It formed a W on the 4hr timeframe . Oil price are way overbought and expected to drop so we can expect the pair to rise!
The pair has been oversold for more than 200 pips and it usually reverse after a 170-180 pip movement! It is also showing a daily bullish divergence and its forming a W on the 4hr and Daily timeframe ! Its Also near the 0.50 fib level ! NZDUSD looks like its gonna reverse its current bullish trend as it is consolidating near the 0.6740 are
The pair has been oversold last week as a result of RBNZ news and its currently trading around the psychological line of 0.90 there is a lot of confirmation from the major pairs as NZD is oversold and reached critical support area near 0.6740 and oil prices are overbought and expected to drop within the week. USDCAD follows an upward trend. There is a clear...
The pair has been consolidating from last week after it dropped to 1.1210 and is currently showing a clear rejection of the 1.1216 fx street line.
There is multiple reversal points near its current trading price. Also is currently forming a triple bottom on the 4hr time frame!
Dxy is also consolidating within the s&r area of 97.00-97.30 and its expected to drop...
The pair has been trading around previous reversal area and FX street line for the past 3 trading sessions. It test the 1.1235 are today through london session and recovered back to 1.1250. It formed a possible W on the 4hr trendline and a double bottom ! DXY reached critical resistance and s&r area, where there is a lot of rejection ! There are upcoming news on...
The crosspair has been overbought for more than 150 pips and reached 0.9560 where it faced significant resistance!
There is multiple reversal pints near that area and its the 2nd touch on the 4hr trendline!
Also AUDUSD is been overbought for the past 3 trading sessions so we can expect a nice reversal !
The pair has been oversold for more than 150 pips and its currently forming a W on the 4hr timeframe !
Also there is multiple reversal points near that area. USDCHF is also forming a W formation on the 4hr timeframe!
The pair has reached monthly highs and it faced significant resistance around the 0.9245 area where there is multiple past reversal points and current bearish divergence on the 4hr timeframE.
Also is overbought for more than 300 pips and both its major pairs are overbought! So there is a lot of potential for a nice sell opportunity and swing!
The crosspair is approaching 111.40 where it will form a triple top on the resistance line, with multiple reversal points. Also USDCHF is currently oversold for more than 100 pips where it could face a retracement before it drops further.
The crosspair has reached critical resistance are and is currently forming an M on the 4hr timeframe.
There is multiple reversal points near that area and USDCAD is trading near the 0.38 % fib level and also a previous reversal area for the pair!
There is upcoming news on AUD tonight that may affect our analysis !
The crosspair is currently rejecting the daily trendline around 0.7505 and USDCHF reached the psychological area of 1.00 that could be a nice long position! then there is significant support at that area with multiple reversal points!
The pair has been on an upward trend for the past 3 months rising more than 500 pips.
This bullish run it looks to be on its end as the pair found significant resistance around the 111.90 -111.80 are where it has formed an M formation on both the daily and 4hr timeframe.
If the pair form a triple top on the 4hr trendline it will be a great entry point for a...
The pair is currently recovering from a 200 pip drop the past weeks.
Is currently trading below the 200 EMA but is forming an inverted widening triangle which shows a bullish continuation trend. We can except it to retest again the 0.7050 area where it could be a prime entry for a BUY position. If the pair test again that area it could be forming the second leg...
The pair is forming a bullish flag which is a sign of a continuation pattern usually accelerates the preceding bullish move. If the pair retest the 0.6820 area it would be a prime entry for a buy position as it matches perfectly with the 200 & 800 EMA significant support are with previous reversal points.
We need to be careful as there is upcoming news on the...
Oil price broke the consolidation area of $54 - $58 area and there currently trading at $58.40.
There is a lot of buying happening on oil prices based on technicals, prices may rise up to the next resistance of $60 a barrel before any reversal or even $64.
We may see a reversal around the $59.20 area where it failed last week to break above it as the daily 200&...