AUDNZD is at a critical area which is resistance, also a touch on our ascending channel. AUD overall is looking strong so it might breakout and go back down catching people on the wrong side or just continue up. The safer approach would be to wait for a clear retest before going long. OR wait for confirmation down.
USDJPY is still in a corrective phase. It might breakout and continue to the upside or continue with the correction
USDZAR formed a bearish flag indicating further movement down. A safer move would be to wait for the breakout and retest of the ascending channel
Hello! These is my current analysis on US100 . I would appreciate your comments.
GBPUSD is looking for a short-term sell in the 4H timeframe. It made a touch at our trendline which is also a retest at out support. These further confirms the short.
Gold formed a double bottom formation and price was also struggling to break the downward trendline for several days but it finally broke out and retested the trend line