The AUDNZD has tested the same resistance zone three times now, each of which results in seller strength. However, on the most recent test of the resistance zone, price did not face such a heavy downside rather falling a mere 33% of the recent uptrend. This could mean seller strength around the resistance line is fading, allowing for bullish momentum to takeover...
GBPAUD is currently in a risky position. Price retraced upwards after the quick sell-off, slightly short of the golden Fibonacci ratio (0.50-0.618); however, if price continues to falling but just so happens to bounce off the most recently broken level of resistance, then I may commit to a long trade. There is potential for a double-bottom formation at the recent...
A strong resistance level has recently been broken. Ideally, I would like price to continue up for another 20-30 pips before retracing to the previously broken resistance, setting up support. I will most likely wait for consolidation within that resistance zone and, hopefully, a bulking green candle indicating an upcoming breakout. That's when I'll enter the trade...
EURUSD broke ascending channel recently and is approaching a trough level in RSI; however, EUR has a tendency to make quick, long-lasting drops. The yellow lines indicate levels of support where there exists potential reversal levels. I will not take a trade until there is an indication of lasting buyer-strength around the indicated levels. I am waiting for a...
Price recently broke a strong psychological support level; however, quickly bounded back up. Price then appeared to create support within the golden zone (0.50-0.618) Fibonacci ratio. Potential up-trend if price doesn't drop below the recent Fibonacci support level.
*This is merely an analysis, not financial advise nor am I advising you to trade*
![AUDCHF: AUDCHF Potential Buy [Long-term trend setup]](https://s3.tradingview.com/9/9rXQvORG_mid.png "AUDCHF Potential Buy [Long-term trend setup]")
