USDJPY H4 - Arguable HS here, support has marginally be broken, but we are seeing rejections just below that price, fairly slow/tame markets at the moment, but I'm sure this will spice up as we move into the NA session with the labour data at 13:30.
The third touch on the trendline could be rejected for push downtrend. Although, it should be noted that the pair has made new higher highs so careful monitoring of this pair is important. Potential entry @ 0.87684 SL: 0.87931 TP1: 0.86834 TP2: 0.85692
USDJPY H4 - Since yesterdays analysis (technical rundown) UJ has kicked off nicely from that support zone we mentioned, multiple confluences. Previous support, monthly key level, weekly key level. Lets see how much mileage this pair hair, DXY trying to set hourly higher highs too.
EURAUD H1 - We have seen the first stage breakout unfold, just waiting for a bit of a clearer retest of the breakout price before considering a long position. Huge RR potential on this setup. Still arguably need to breakout above that previous LH at 1.64100, but lets see what happens with this counter/breakout trend.
EURJPY H4 - Looking for this pair to find support at current price on that 124.500 half number. Monthly key level, previous S/R and trendline test. Few confluences there, just need to hold off and see if we find support first with some maybe H1 reversal signs.
GBPUSD H4 - Cable broke above that key 1.30 psychological number last week, currently looking to retest and find support (previously resistance). If we find support and sit above 1.30, we would be looking for that bullish intervention to push cable higher once again.
1. time frame daily touch trendline color blue in bottom. 2. trend in h4 have bullish 3. in my forecast maybe to fibo 0.6 retracment 4.rasio trading 1:2
Although the market is in a long downtrend, it showed a reversal and started forming higher highs and higher lowers. However, don't get happy just yet as the market failed to break through my major key level, but still managing to make higher lows, still on insistenting a temporary uptrend. As you can see it bounced off my counter trendline multiple times but...
Price respecting my trendline, support and fibonacci retacement level. Im exxpecting a little rise of more than 100 pips today.
Entry around 28448 tp at 27960 Risk reward ratio 3.86
EURAUD H1 - Support has been broken, AUD strength seen over the eastern session. Caused AUDUSD to eventually pop higher too, but this bearish 1:13 setup here is super lucrative.
AUDJPY H4 - Very similar to the GBPCHF range, trading between 76 whole number and 75 whole number, decent 100 pip range of a pair which generally warrants confirmation. RR is there too, lets see how we respond to this 76.00 resistance zone.
SHORT BREAK N RETEST + FIB RETRACEMENT + TREND LINE RESISTANCE + 1H BEARISH WEAK DIVERGENCE + H1 WEDGE PATTERN
EURAUD H1 - Second test presented itself, marginally a lower low, but still trading below that 1.65 whole number, need to set these lower low sequences for the downtrend, similarly we have some other bullish setups included in the rundown where we need to set those higher highs!
Gold H1 - Responded nicely to that 50 fib, didn't need to see the breakout price and 618 fib yet. 1892 was an interim S/R zone if you look between the 2nd and 6th of Oct. Again, same as EURAUD, we need to break 1876 support to maintain downside momentum.
NZDUSD D1 - Possible second test of support incoming, stocks down and USD up off the back of Trumps comments yesterday (key global topics). A double bottom around the monthly key level price could be good.
EURAUD H4 - Into resistance and dropped 70 pips in quite quick succession. Key resistance trading zone at 1.65500, would be nice to see a test of 1.61 for potential buy opportunity.