The pair has been overbought last week and it reached the psychological line of 0.91. There is a lot rejection in the area and both NZDUSD and USDCAD are up for a trend reversal
There is cross pair conf as USDCAD approached the weekly trendline and it started an upward trend after a sell off last week. Swiss Frank is currently consolidating around the 1.00 area. The crosspair is near a critical resistance area with multiple rejection and close to the daily trendline!
The pair tried last week to test the 1.3240 resistance area but it failed as a result of the good news on CAD on Friday afternoon that drove the pair to lows of 1.3140. We can expected the pair to test the weekly trendline around 1.3110 and then the psychological line of 1.31 . Near that area the pair will form the second leg of a Daily and 4hr W. If there is...
The pair has been overbought for the past month rising to yearly highs of 1.0100. There was a clear reversal near that are with pair pair currently facing a downward trend. We can see the pair forming the second leg of the daily M and a head and shoulders formation near its current trading price . The only thing keeping the pair from a further drop is the weak...
The pair rise up to 0.72 are last week where after that it drop for 130 pips within a day because of the China REPORT ON COAL “The pair caught some bids on the last trading day of the week and recovered a part of the previous session slump to over one-week lows, triggered by reports that China’s Dalian port authorities had banned Australian coal imports. The...
The pair has been consolidating around the 1.1320-1.1350 area the past week , we can expect it to rise test the 1.1320 area again this week if it fails to break through door could open for highs such as 1.14. The downward potential is covered by significant resistance around the 1.13 are and the big sell that the pair faced the past week with bears been...
The pair has been on consolidation for the past week within the 1.3210-1.33, the drop may continue as oil prices fail to drop below the 55.40 area and all the EMAS show an upward trend for oil prices! The DXY is on a clear downward trend with the upward potential cleared by the 97.00 level, opening the door for further low points! We can wait the pair to test...
USDJPY is currently consolidating while AUDUSD is forming a retracement pattern for a bullish run backed up with good expectations for tonights monetary policy. We can wait for the pair to test the monthly trendline around 78.50 and enter for a BUY position! The downward move is protected from both the 31&50 and 200 EMA
The pair has been overbought for the past month and is currently trading around 110.70 where is significant resistance and the 0.618 fib level. If the DXY follows its current downward trend we can expect the pair to fall to lower lows such us 110.40 and then 110.0 where the 200 EMA is currently.
The pair has been overbought for the past month with over 350 pips, also it is approaching critical s&r line as well as a weekly trendline. There is a lot of potential for a short position as the DXY (Dollar index) is been overbought as well and is looking that a potential downward trend is coming.
USDCAD it looks like it will follow its current upward trend and EURUSD has been oversold for the past days. Also the pair is on a critical support line and is currently forming a W on the 4HR and 15’’ time frame
EURUSD is expected to extend its bearish trend and GBPUSD is currently trapped within the 1.2920-1.2960 (200 &800 EMA) area with a lot of support around that are. The Cross-pair is currently consolidating around 0.8750 where there is significant support, if it breaks below the door could open for lower lows such as 0.8620. Both the 200& 800 EMA support the...
The pair its been on an upward trend recovering past months losses and is currently trading around the 1.3270 area after a slight reversal 1.330. With the Us dollar index following a steady bullish run and trapped within the 96.00-97 area and the oil prices (WTI) index starting a bearish trend after a bullish run for the past two months we can expect the pair to...
The pair has been oversold last week as a result of the AUD news release and the NZD news last Wednesday. We can expect the pair to continue its bearish movement to lower lows near the 0.67 psychological area and the the 0.6650. The trend is supported by the 200 & 800 EMA. the pair is trading below the 0.50 fib so we can expect no retracement for the next week if...
Withe the US dollar index keeping a neutral/ bullish trend and the uncertainty within the EU with Brexit and the issues on the Italy-Germany bond pushing the EU to a possible short term recession the pair has drop significantly last week. Both 200 & 800 EMA’s support a further bearish trend that could reach the 1.12 level. If the pair breaks below the 1.13...
Us dollar index is currently trading around the 96.70 area where it found significant resistance. We can see the index to form an M on the Daily, 4hr & 15’’ timeframe . Next week expectation is for the index to test the 96.00 are again. It may reach the 97.00 psychological line before it reverse its current trend. If the trend fails to reverse on those two...
There is a clear cross pair confirmation with USDCAD expected long position for the upcoming week and the USDJPY pair to be facing a potential retracement for a downward trend. Then the pair is approaching my daily trendline where the 0.382 fib level is perfectly matched with the s&r line. Then there is a lot of consolidation going on near that area based on past...