cgeo

cgeo Updated 

Testing the 0.97 Resistanc elevels ahead of the Fed deicision and conference. Would need to close stay breach and stay above 0.97 for a more persuasuve change bullish move.

cgeo

The AUDUSD is trading in an upward channel. Potential for another test at the 0.73 handle. On the downside, the Support area is around 0.7240. A bearish candle below this level and a breakout outside the upward channel can signal a bearish move.

cgeo Updated 

Trading within the upward channel that has formed since the beggining of Spetember. Good Resistance Support around 1.1725 and at the 1.17 handle. Channel profit targets 1.1785 (July high) and at the 1.18 handle.

cgeo

Currently trading within the triangle. Strong support at around 1.1530. Resistance currently along the red trendline.

cgeo

Breaking the uptrend? or just a pullback to the upward trendline?

cgeo

- GBPUSD currenlty floating around the resistance downward trend line that started in May 2018. - Also currently at the 38.2% Fibo Ext. from a triangle breakout on the 4h chart. Consider also that the sterling is currently sensitive to Brexit especally towards the downside.

cgeo Updated 

Potential of a wedge formation in the AUDUSD. Resitance level at the highlighted red area. Confirmation of Wedge once breakout to the downside.

cgeo

Levels not seen since mid 2009 in the EURSEK show the market pricing in the risk of the upcoming elections. The risk is associated with differing polls and an increasing popularity of the natinalist party Sweden Democrats. Prefer to stay out, at least trading SPOT EURSEK, until maybe after elections. Too much unnecessary risk.

cgeo

Breakout of the channel to the 38.2% Fibo Ext. level from the flag pattern.