NZD/CAD A better perspective is to be gained from the 4 HR chart. A close of the 4 four below the major trend line. Price action under 200 MA Daily & 4 Hour. Bearish RSI, and Stochastic signals.
Trend line acting as support, RSI and stochastic indicating bullish movement towards target one, around the 200 MA, and possibly to the above trendline.
Selling the breakout on on the USD/CAD. Under 200 MA, indications of overbought moving in the bearish direction. Daily time frame indicates oversold stochastic readings as well as bearish RSI.
I have just entered short on the GBP/NZD pair, as price seems to be consolidating inside of a pennant. Price is bouncing off of the 200 MA on both the 4 four and daily chart where the 200 MA's meet. Daily stochastic indicates bearish movement and despite positive retail numbers, the GBP continues to go down.
Selling the breakout with a nice close below the trendline on the 4 hour chart. Bearish RSI divergence, bearish stochastic signal as well as a crossing of the displayed MA's and price action under the 200 MA.
Taking a long position on the NZD/JPY pair. Pretty solid technical indications of a bullish bounce, a fail to close below the support zone on the daily chart, as well as a strong Japanese Yen for the next week or so. Additionally, nice bounce on the 4 hour chart.
EUR/JPY Trend reversal trade purely off of technicals with a variety of indicators signaling bearish decent to the bottom of the channel.
AUD/CAD Nice RSI and Stochastic bearish signals on daily and 4 hour, as well as a strong channel and bullish Canadian dollar. Also a nice bounce off of the 200 daily MA.
A nice bearish bat pattern and completion at point D after a rising wedge breakdown
Here's a bearish bat formation that has been completed, I would wait for further confirmation to enter the trade; signs of a reversal which it has not shown yet.
Watch for a breakout and close above the wedge to further determine entering the trade
Possible bearish bat pattern. Also nice to note that a previous level of support near the D leg should act as resistance if it completes the formation.
Possible Bullish Bat Pattern formation on the CAD/JPY pair
Rising Wedge on the GBP/NZD 4 HR. Will be waiting and watching for a breakout to further determine if I will go in on this
USD/JPY bullish retracement trade off of the .786 to previous swing high
Potential Bearish Cypher on the 1 hr- will enter trade if it crosses back through point D
Buying the retracement off of the bottom of a bullish channel
Strong zone of support on the AUD/CAD - I'll wait until it can break above the support zone to enter long. Also good to note that the 4 HR and daily Stochastic RSI show oversold readings