7170 will mark support for the time being. Morning Doji star + Bullish hammer off key level good sign for some potential upside.
Gravestone Doji Close potential for some downside here!
Gravestone doji close 4hr double top. Potential for a big move down.
Weekly ABCD pattern spotted. Failure to sustain below weekly trend line and we will see 115. VolitalForex BTW *** Im in short now in favor of the weekly downtrend with small risk, but will not be hesitant to go long if broken.
Neutral for now. Looking for a reason to go short with divergence spotted
As you can see there is a bullish hammer formed off the double bottom of the -2 deviation. Today it broke out of the descending channel(4 hr). This is looking good so far, lets watch it closely towards target.
RSI holding above 30 levels LT TL held. MacD in positive territory. 1618 EXT target If breaks below monthly supports (orange dashed) idea will no longer be valid.
Aussie seems to be improving across the board and I expect euraud to be no different
Compelling PA on a key level. Close back above 200 EMA. EUR Trade balance 3X expectations. NZD weak (falling oil, gold etc.) Could make for a nice move up. Regards, VF
So long as 7170 holds there is potential for a monthly uptrend. Im in long already stops below 7150 preferable.
Bulls are exhausted for the time being. Looks like we may consolidate back towards 1.90 area if current price can hold.
Tons of divergence could be a bearish week for the dollar :) lets see
May see this pair test out 102.50-103 area if it manages to break through some horizontal support here. some divergence has formed as well.
As much as trend-lines are thought to "not exist" its hard to ignore a monthly trend-line holding for this amount of time. Shot in the dark, but could be huge. Only time will tell. Regards, VF
Pretty simple here. Let the 200 EMA decide. Is there still power in this push up? or are we in need of a larger correction?