It is only a matter of time before we reverse, the likelihood being at out major support. We sold together at the last reversal bagging 140 pips so far. Time to do it again.
Wait for the pullback to support, the price is currently finding it hard to break through the 0.236 fib level. A pullback to support is almost certain.
I believe we should see Target 1 hit in the next 24/48hours.
NZD/USD has followed the prediction of the harmonic bat pattern. We have now completed the section. We're now sat on the same bearish trendline resistance and waiting for the drop. I expect to fall towards "Target 3" in the next 24hours.
90 pips- to be made.
The market has been on a bearish drop ever since the end of January. We should be a full completion towards the end of the week. I suggest if we don't see any sort of bullish momentum. Short all the way to the bottom.
Happy Easter and trading guys.
The market will be choppy until we see a significant breakout. I don't expect we will see a bullish breakout until at least next week.
I would stay away from trading this pair this week. It's far too indecisive.
Happy Easter and trading guys.
On the chart, I have added the three major supports. The USD index is heading bearish this week making the GBP/USD pair bullish. I expect the market to move upwards after hitting the first support. The first target is just below the previous resistance at 1.4216 although I expect the bulls to smash through.
Happy Easter and Trading guys.
AUD/USD has been riding this channel for a while now. Strong resistance at 0.77157. Over the last couple of day's we have seen the market turn bearish once more, we should see it hit the predicted targets above. If on Monday it does suddenly turn bullish we should see a reversal fairly soon. Keep a close eye on the economic news this week. The most important one...
The EUR/USD is in a strong range at the moment. This week I believe we may see a bearish breakout. A few major economic news meetings happening this week with the most important one taken place on Friday at 12:30 GMT- USD Change in Non-farm Payrolls (MAR). Previous being 313k and this meeting predicting only 198k should take a bearish impact on the USD.
Happy...
