Multiple areas of support that can be found before reaching TP, however the price is holding safely below 50SMA and fibonacci. Enjoy!
Nice short opportunity today after EURUSD did not correlate with the USD downside - may correlate on the retrace.
There's a nice convergence of lines here giving the GBPUSD a good spot to break below and head downward today.
wait for a break and retest of this support level before entering any SHORT positions towards the downside
A Bounce or a break will confirm a clear direction for AUDUSD
IOTABTC broke triangle and retested it. The price creates another little triangle below the main structure, if the price will do downside ''breakout'' could be create another great impulse
AUD/USD - 04/05/2020 The price on daily and 4HR chart has made a clear breakout of the uptrend line. We will be looking for further downside potential after testing the key resistance level. Follow me if you like my trading ideas.
will we get a break of this ascending trend line and a move towards the downside going into next week?
USDCAD, 1.39500 is a key area to look for a bounce or a break to the downside
I wouldn't be surprised if the prediction came out to be true. breaking of this, what could be classified as major support, to then turning into that major resistance. With a retest, I am positively going on this roller coaster ride to the trenches with UJ. With the US dollar under pressure at the moment, it could more likely happen but who knows...its just my...
I mean, it doesn't get any simpler than this...in my opinion :) if we look closely, we could spot a Head & Shoulders pattern, or should I say "i" I'll be looking to short this pair straight down to 107.800 or even 107.00 if I got the strength. Let me know if you agree, that would be awesome!
USDJPY has just managed to withstand the DXY upside quite substantially and looks like it could continue to fall from this point. 106 was the original target, however I think 105.500 would be more suited due to the location of the fibonacci support zone.
Further downside is possible for this pair after resistance was identified. Furthermore, looking at the fibonacci resistance fan, the price has fallen out of it's main upside trend as highlighted in red and is falling through the different fan lines. Support may be found at the 107.00 region, however it will likely be stronger at the 106 / 105 levels.
This price touch fibo retracement 61.8 and toward the point strong support