We have been in an uptrend for some time but we are now seeing some consolidation. We have a double top so could this be a reversal or a bull flag? Expecting to see more strength from the Euro so looking to buy on a break of the double top but may well take a short if it breaks support.
With oil prices likely to increase because of Hurricane Harvey, and improving economic picture across Canada and continuing political and economic concerns around the US I'm looking for the CAD to strengthen against the USD. I'm looking for a break of the long-term upward trend line, retest and a possible target around 1.19 from previous levels.
I think the short term downtrend on the EURGBP is a correction as the Euro should continue to get stronger. Looking for a bounce off of near-term support and a break of the downward sloping trend line for a long.
Looking for another attempt at a AUDUSD. Due to North Korea I anticipate a risk off environment on opening which should push the Aussie dollar lower but and then looking for a bounce off the recent trend line.
The AUDUSD is in a consolidated range at the moment with the top of that range being previous major support turned resistance. Looking for either a pullback and break or a straight break of the upper consolidation range for a long.
Looking for the pound to strengthen and then to short around 1.78 which will be a confluence of previous resistance and 200 moving average. It's also around the 38.2% retracement since the trend in May.