Price has not been able to close above 1.244XX thus giving good reason to believe that it may be as such again. Big volume on 15/6 did not close past 1.244XX either, much less the current volume price has been trading over the past week.
Big boys looking to sell to buyers at a better price, hence low volume bull may see the price hit 1.244XX again before...
ECHF price currently sits on top of the POC outside of the value area but price may possibly retrace to the lowest price due to smart monies looking to buy at a better price.
Target entry at 1.0867X
Exit at 1.098XX
There could be a strong possibility for NCAD to see a rally after bouncing off the 0.955X0 levels like the many daily bars before it. 0.95440 could be a good entry but if price does not touch then 0.99560 could be a good point to enter too.
There may be speeches around the corner concerning AUD this week but the structure of the chart tells us that a strong value area may hold for price to seek north. Short term short and long term long.
I would look to enter at 1.04329.
Looks like bulls will take this pair up to about 0.739Xx where the next resistance level is at. Weekly PA looks very strong in favour of bull from the engulfing candle.
COT analysis puts A in favour of the bull by a large margin.
DYODD
AJPY looks like it could possibly drop to a strong support at 81.5XX before launching up to retest the resistance at 84.47XX, expect some ranging to occur so time frame is not certain but direction is more or less in our favour. Ranging may occur at both POC's.
COT Analysis says that AUD is slightly stronger than JPY with a divergence ratio of 2.02 in bull's...
Looks like bulls will take this pair up to about 0.744Xx where the next resistance level is at. Weekly PA looks very strong in favour of bull from the engulfing candle.
COT analysis puts A in favour of the bull by a large margin.
DYODD
