NZDUSD is trapped in a 15min range at the time of this writing as shown on the chart. Scalpers may attempt to short and long NZDUSD off the resistance / support levels until one of the key levels gives way. Although scalping may be used our preference is to wait for a 15min close below the support (lower line), which may pave the way for stronger weakness in the...
Aside the trade tension between the United States and China (reports suggest President Trump may impose new tariffs on China as soon as next week), political tension in Italy contributed to EUR recent weakness. EURUSD hourly signal is fairly straightforward. EURUSD reached its hourly support, failure to post an hourly close may lead to corrective gains in Euro...
The strong gains that took place in GBP were triggered by remarks from EU Barnier. Barnier stated that the EU is willing to offer the UK a trade deal that has not been offered to any country yet. These comments neutralized Theresa May's comments when asked about brexit, saying that 'it will no be the end of the world' which weakened GBP earlier. In GBPCHF 30min...
GBPCAD reached a 30min resistance level. A 30min close below the resistance may trigger corrective weakness as highlighted on the chart. It is important to note that the brexit negotiations are ongoing to avoid Britain exiting the EU without a deal. The USD tremors in the market were triggered by President Trump's remarks on the Fed and his interest in a weak USD...
EURUSD reached an hourly resistance as seen on the chart. Based on our technical projection the price is expected to re-test 1.1575 before correcting higher, possibly taking out the initial resistance (in blue). Only a firm break (hourly close) above the initial resistance (in blue) ma pave the way for strong gains towards the latter resistance (in green).
AUDUSD Swing Trading Signals 1D Timeframe
EURCHF implied direction going into next week.
GBPUSD modified potential levels to watch www.trading-equity.com
EURUSD pair has reached consolidation zone. Further downside momentum is viewed as taking a pause at key support zone 1.17606. Further daily close below this level will bring key cluster support zone @ 1.5540/1.5512 into focus. Further breach below the latter zone will open up 1.13246 support as next potential target. www.trading-equity.com
Hi All, haven't done this for a while now. However, AUDUSD 0.14% pair showing bullish gusto. R1 already taken out as shown, bringing R2 into focus as next target. Should R2 be taken out on the daily close, R3 becomes next focus. Happy Trading
www.tradingview.com EURUSD downward pressure is intensifying. However 4 hour candle close above red-line support turn resistance level of 1.05687 will invalidate downward pressure for now. However as long as 1.05687 holds, downward pressure is still expected. Penetration of 1.0520 on daily close will bring deeper fall of the EURO to pairity over the coming months.