I am expecting USDZAR to break out of its descending wedge formation as a bullish flag and is also oversold on the RSI . US Dollar Index also has an inverse head and shoulders patterns indicating further dollar strength this coming week.
Watch the price action at 17.27500 London open
This week I am expecting price to sell from the 1980 region as a correction to the long term bullish trend . As per the chart we can see a triple top, and technical indicators suggest that a big correction is long over-due. If no extra stimulus packages are announced, I would target 1900 on the H4 time-frame with a potential to go as far as 1850. At this level,...
Price has been in a bullish uptrend channel for a while and remains within. Currently in range between 1795 and 1815. I am expecting price to continue to rise long term towards 1850 with 1830 as a first target.
However in order for this to continue, we need to see a retracement back down to as far as 1760 level or the 50 day EMA before this move continues....
Potential long-term sell opportunity on this pair, strong bearish pattern currently selling from resistance zone at 1.71. I am expecting price to action a re-test at 1.685 and reject on H4 and daily time frames, to continue bearish movement long-term. If 1.67845 key level is broken in the short-term, there is a strong likelihood that we can expect price to...
I am expecting price to sell and continue downward momentum long term with potential re-test at 1.81436 on H4 time frame. 1.78 is targeted which should act as relatively strong support for price. Technical indicators also support this theory.
I am expecting price to continue to sell this week with 1.11 targeted with clear downtrend pattern. Potentially a re-test to 1.123 before continuation of downtrend, but overall this is looking bearish to me. If breaks 1.11, could continue to sell further to 1.10 depending on USD strength
I am expecting price to sell H4 time frame. Price currently in range of 106.5-107.5, if price to break nearest support of range at 106.650, price to continue downwards trend towards 106+ with target of 105.
I am expecting AUDUSD to continue bullish momentum on further USD weakness from new and strong support level 0.68. If price again breaks the 0.69 level as a short term resistance zone, I expect price to continue to rally towards the major resistance zone of 0.70 as has been seen previously. If price manages to hold above this key level, I see this pair as a longer...
I am expecting price to sell with a test at 1.21. Brexit negotiations take place this week and a missing of the 2nd June deadline is likely to weigh heavily on the currency. However, if there is an additional green candle above the 1.235 level, likely to break into a buy with a target of 1.25.
After a very good week for the Euro, price is around key point of resistance at 1.115. I am expecting price to retrace back to strong support of 1.10. If it breaks this, falling wedge expected.
However, if price smashes the 1.115 level we are likely to see a swift continuation of the uptrend we have seen over the last week.
It will be important to watch the...