nzdchf has reached weekly zone (purple) and is in line with ascending trendline which has shown very big moves to the upside.
After keeping an eye on this pair since the bearish movement I posted last week I want to keep an eye on how price was going to react to this very dynamic area of monthly support/resistance (124.000) and as we can see from this analysis we broke through with a very bearish engulfing candle, consolidated on this key area as the market could not decide what will...
If you saw my previous analysis of this pair, I went short on this from the recent rejection of weekly resistance (purple). Price has now come to support (purple) and has tested this 4hr area (yellow). Waiting on price to drive lower towards weekly support so I can go long but the setup at the moment is bearish. short term bias of trade is bearish but long term...
price has been bouncing off between daily resistance and suppoty zones (green). Price has come to support in hopes of rejecting that area.
chfusd is currently at weekly support zone (purple), waiting for price to reject and break out of 4hr box (yellow) to go long.
cadgbp is dipping into the weekly zone (purple) so I am waiting for it to reject area and shoot up.
cadusd has broken ascending trendline and made a bearish flag pattern. Waiting for price to break out so I can enter.
AUD Group Trend The Aud Pairs are all currently trending down AUDCHF Trend Currently Downtrend Expectations Price seems to be trying to push past the Previous LH, but unable to hold its ground when it breech. Looking to short it to the previous LL
gbpaud rejected weekly zone (purple) and created new daily zone (green) and 4hr/1hr zone (yellow).
chf/cad has touched 4hr/1hr zone followed by falling wedge. Price respected the weekly zone so I was actually waiting for retest of that area however, price has touched the 4hr/1hr zone before and that zone is very strong in terms of direction.
price made bullish flag pattern and price retested flag while creating a support zone.
On the gold/silver chart, I see price follow a consolidation period. Price seems to have reached resistance zone while creating a xabcd pattern followed by a rising wedge/pennant depending on how you see it. waiting for price to break out of that pattern so I can enter. Looking for entries on the 4hr/1hr timeframe. safe trade guys.
cadjpy has resistance which was introduced by a rising wedge from previous structure.
Quick short on NZDUSD, downtrend with a retest of previous trend line. Hanging man candlestick printed on 0.5 fib retracement level. Target 0.6800
Hi. guys I hope you are all okay! Here are my thoughts on EURUSD, price action pushed down into fresh lows of 1.1180's seeing prices break and close below the previous structure low of 1.1232's. What we have since seen is prices pullback into a key area in the market at 1.1285 - 1.1325's which would be the most likely area for sellers to re-enter the market. There...