We saw GBP/USD breaking below the 1.25000 key level last week, retesting the area before moving down. We can now see a downtrend forming on the 4HR timeframe. Let's wait an see how it reacts to the trendline and the area of support and resistance marked around it. We may not see the price reach around the trendline up until next week s this is a higher timeframe.
Last week, EUR/JPY respected the uptrend it has on the 4HR timeframe and moved about 250 pips from the previous area of support at 162.500. We can see that it has been holding the 165.000 area as a strong resistace where price has tried to break it a couple of times but has always rejected. As it has been in an uptrend, we could see a potential break of the...
We can see a beautiful uptrend on AUD/CAD on the 1D timeframe with the price approaching the trendline. Looking to see what price does around the 0.88000 support level. Potential buys if it respects the support level and the trend line and bounces back.
USD/CAD has a decent uptrend on the 1HR timeframe with 2 good touches. We can wait to see what the price does when it reached the trendline and see if it respects the area of support/resistance marked around the 1.37000 area. If it does respect the trendline and bounces off, we can look into potential buys. Potential target could be previous high around 1.38321.
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We saw EUR/USD break below the 1.07500 key price level last week in addition to respecting the downtrend on the 4HR timeframe. We can expect to see a continuation of the downtrend if the price comes up to the are marked around1.07000 and rejects from it.
US OIL broke above the 85.00 price level earlier in April and has been between the 85.00 and 90.00 level. We can see the 85.00 level holding as a strong support level. Waiting to see what price does here. Looking for buys if it bounces back off again, if it breaks down from this price, will look for a retest before selling.
We saw AUD/JPY break the 100.00 level yesterday and come back down. We can also see a good uptrend on the 4HR for AJ. Looking to see how it reacts to the trend line and the area marked around it. Potential buys if it respects the area and bounces back. DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as...
AUD/USD broke a strong support level around the 0.6500 area last week. We can expect it to retest the area for a good move down.
NZD/USD has been in an uptrend on the 1D timeframe. Waiting to see what the price does around the 0.59000 level and if it respects the trend line. If not, we can wait for a break and retest below the level.
CAD/CHF has a great uptrend on the 4H timeframe as we can see. Waiting to see what the price does around the 0.66000 area. Potential buys if it bounces back and respects the trendline, if not, will wait for a break and retest of the level.
AUD/CHF has an uptrend on the 4HR timeframe as we can see here. It has touched, lets see how it reacts to it and the support level around the 0.58500 area marked. Potential buys if we get a good bouce off of that level.
USD/CHF is holding the level around 0.91450 price area as a small resistance level as we can see, the price has tried to break through a couple of times without success. Looking for buys if the price breaks and retests that area.
GBP/USD broke the 1.2550 and 1.2500 support level last week. Lets see how price reacts to those level if and when they reach up. Would be looking for a retest around those level for sell opportunities.
For GBP/AUD, we can see that there is a 4HR downtrend which has been respected. Currently, the price has rejected from the 1.92500 key level. Looking at the 1D chart, we can see a long term uptrend. What we could looking for after that 1.92500 area rejection is price moving towards the 1.9000 Major key area, possibly respecting the area as well as the uptrend on...
We saw a big move in USD/CHF yesterday following the news. Currently, USD/CHF is holding the 0.90000 level as a strong support level as we can see. Potential buys if it comes down to the marked area. If it breaks below the area, will wait to see how it reacts to the 0.90000 area. Bias is for longs as it also has an upward trendline on the 1D chart.
USD/JPY has held the 151.750 level as a strong resistance for quite a while now, yesterday it broke above and has stayed above. Looking for a good move above for buys. DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or...
We saw EUR/JPY beatufully react to the 165.000 area. EUR/JPY also has a 4HR/1D trend line in play. We can expect it to come down to the trend line and see how it reacts to the area marked as well as the trend line. Looking for buys if it respects the area and show us a good bounce back. This may not happen until next week so lets keep an eye on it. ...