Just yesterday The Central Bank of Russia (CBR) left interest rates unchanged announcing that "the easing cycle is over". (www.fxstreet.com)We can see that the price passed below the midline of the bearish cross of 10&20 MA , so I expect the pair to decline to the support area.
The support zone survived and the bounce is in the making. Suggest you to long it once the break of the downtrend confirmed.
+63 pips registered on the previous long position. The technical suggest that the breakout from the ascending channel is still highly possible. Moreover , the recent discussion on tightening the monetary policy by the American Central Bank (Fed) due to the updated inflation expectation (www.dailyfx.com) give me more of a bullish vision here.
The price found bounced from the support zone and ready to rise as the Clouds and ROC swing suggesting!
The support surivived and the ROC indicates the upcoming trend reversal!
The pair bounced from the bottom trendline and the 200 ma! Expect it to break away from the pattern.
We can see that the rejection has been lasting for quite a time now and I expect the pair to land at the support zone area!
EURAUD 🇪🇺🇦🇺 The bearish pennant is already broken! Short it!
USDJPY 🇺🇸🇯🇵 has fixed above the channel's midline. The ongoing recovery of the American economy (www.investing.com) gives bullish sentiments so I expect the possible breakout of the channel from the top.
EURUSD 🇪🇺🇺🇸 The pair has just pulled back from the top trendline. Looking at the Volume and ROC I would go short here in case the bottom trendline is broken and we will be seeing the breakout from he triangle
AUDJPY🇦🇺🇯🇵 has recently bounced from the strong Uptrend line. Moreover , the support level survived thus the pair can show a good rise here.
The fibo support survived after the fluctuations that followed the trend breakout. We can clearly sport the ongoing trend reversal that is expected to continue in case 0.236 and 0.382 fibo levels are broken.
Secured +78 pips on the attempt to conquer the resistance. I am still bullish on this one if the pair manages to fix above the resistance and the Uptrend will survive.
EURNZD🇪🇺🇳🇿 is likely to breakout from the descending triangle from the top. Support confirmed for the 3rd time and the Hammer candlestick pattern speaking in favor of trend reversal.
CADJPY 🇨🇦🇯🇵 is going to test the resistance level in case the 0.236 fibo level is broke! The chances are pretty good taking the strength of the Uptrend into account.
#GOLD #XAUUSD🟡💵 In spite of the sideway movement I expect the bounce from the support level to go on. The spike in the gold's price is possible of the local resistance is broken.
UK100GBP 🇬🇧 looks quite bearish , though there might be a slight incline to test the smooth downtrend. If confirmed - short it!
EURJPY 🇪🇺🇯🇵 is in the decline that is expected to continue due to the ECB interest rate decision. In spite that we can expect a slight incline up to the 0.382 fibo level the latter shall reject the price pushing it towards the test of the 0.618 level.