Price have been well supported. Selling does seems drying up, seems like an good opportunity to go in at this price level with an wider stop due to the upcoming news release that might spike.
Another way is to wait after the news have settled down with an bullish candle to prevent the huge spikes.
Price is at very strong support levels now. This area could be a price level to hold if we will to see price going up, if not we will see it hitting the next one.
IMO, we can give this some time to show its true intention before going in.
Too steep a bullish movement for this pair, I personally do not like when pairs move in such speed rather that is smooth trend gradient.
Becareful if you were to long and not to short too early, its still not favouring a sell yet but we will see it soon.
We will have FED Fund Rate annoucement soon, it will be fireworks for XXX/USD Pairs and USD/XXX pairs!
Price is trading nicely in the range, its too early to determine where this will be going but watch closing if the support level will hold.
A nice bull flag is forming in the bigger picture. I will be bullish long term!
Price is hovering at major support right now, today's daily candle showing some signs of buying. We do have major AUD high impact news this week starting tomorrow.
Lookout for the levels stated in the chart!
Price is stuck in this range, going up and down, levels to watch is the resistance and support of the trendline.
I will be more inclined to go long on this as the bigger trend is more favourable to go long!
Bulls are looking for reason to long this pair, any positive news will be good reason for them to enter long. However the weird thing is, the price cant seems to support this theory of 'Bullish Euro'.
We will see price sliding down even further, it does not matters what the news about the election will be, EURO will not be as bullish as it is in 2017.
We might be seeing a change of trend/consolidation period for EURUSD moving ahead. The price currently is resting on a trendline support and the recent two bearish PA on around 1.25X is not showing signs of bullishness yet.
Long term, it is still bullish but for now, trend might change to go into bearish/consolidation mode.
AUDUSD have just bounced off the support last week on Thursday, follow be a retest on Friday. The big bull run up structure is still strong however the recent sharp downward movement signal us to be cautious. We are not in a triangle range, which can go either way, I am on a long trade currently but i prefer to be on the bearish side when price hits around ~0.8
After a long downwards movement, continuing from last analysis, USDCAD have been moving up sharply(observe the gradient of the drop/rise), it does resemble a V shape. It have been resisted around the 200MA last week with news adding pressure on the bulls.
There will be an trendline support which coincides with the other price support levels, watch that closely!
NZDUSD compared to AUDUSD is much nicer in terms of the structure of the PA, we can see nice uptrend intact unlike AUDUSD which is much more choppy.
As long as the trendline support is not breached, I am favouring long for NZDUSD.
The structure of the chart looks bearish, however we might see price spike up higher to continue the downslide. If not a price hitting the 1.73x level might indicate a good level for a long.
We have a high volume pump up, follow by a fast drop, on a long term we are still long bias. I'm looking at 1.36-1.37 region and the region where the trendline coincides.
NZDUSD have broke through strongly above the 0.713x-0.716x region. It broke up with much resistance at this level and we will be watching to a retracement level to around 0.7 level before a long trade.
EURUSD have been in a strong bullish trend since 2017, we will not be going against the trend unless we see strong bearish signals to indicate us/put us in lower risk.
There is both Short and Long Opportunity depending on how it played out on the levels moving forward. I don't feel good when price hovers around a 52 Weeks High, it shows me that price will want...
