With a break of a major support line. A pullback up to 115.500 provides a good risk to reward to sell the pair for lower lows.
After a break of a major daily trendline and a test and hold of a 31.8% retracement, GBPJPY might continue heading down. NFP data will be coming out soon, hopefully this will go in favour of where I would like it to go.
AUDUSD saw a bullish run last week. We were able to capitalize on some profits from shorting it, however bulls later took over to go higher. Seeing that AUDUSD did not make a higher high, its safe to say that the pair is overall still bearish. With a break of a trendline on the 4hr chart, theres a good possibility that the pair would head lower to at least 0.70104...
NZDUSD has reached up to a vital area where it could see it reverse or go up even higher. With a weekly trend line holding it down, a break and retest of this pair may signal its bearish monthly run. A hold of this trendline may see it go down further more
USDCAD has been bullish for a longtime. Since Jan 20th, the pair lost its momentum and followed a 5 wave retracement back down. I'm expecting the pair to follow an ABC pattern a little lower before it breaks back up, which may see higher highs such as 1.47 levels . However there is a possibility that prices may break the trend now sooner then later. Keep an eye...
JPY announced a -0.1% interest rate on January 28th and popped over 200 pips. Since then the market has calmed itself down and retraced back down a little. Now USDJPY reaches a crucial level of 61.8% retracement level. With heavy oversold RSI, overall bullish market, and bullish trendline protecting the pair, I think it is safe to that USDJPY is going to reach...
Looking at the daily and weekly trend, AUDUSD is clearly in an overall bearish market. After hitting lows of 0.6830 during mid January before heading back up, AUDUSD made a clear stop at 61.8% fib levels on January 28th. Could this be the signal we've all been waiting for? A beautiful spinning top could be seen forming, and what I can expect from this pair is a...
After a test and stop of 0.6555 levels on NZDUSD, we expect the pair to head back down to the lower trend line.
EURUSD was stopped by a trendline developed since mid December. With prices failing to breach that region, and breaking out of its bearish channel,I expect EURUSD 1.08136 levels.
EURAUD has been bullish since the beginning of December 2015.As bulls have exhausted themselves a little, it gave the bears the opportunity to change the game. A break below 1.53 levels could bring EURAUD into a bearish movement. However a stop at that region may bring the pair back up even higher. Either way, this is a spot to keep on the lookout for.
After a freakish bull round from the USDCAD to create new 13 year highs. The bulls may be finally exhausted to allow the bears to take over for a while. Currently the pair sits at the 61.8% retracement level with oversold RSI levels. I expect the pair to retrace at this level for a 5 wave retracement down to 1.39 levels.
Gold is just about to break a new high created since the beginning of January. A break of this level may send gold even higher. However I do suspect a suspect a 3 wave tracement slightly lower before going higher. Leave a comment whether you like it or not, and be sure to follow for more daily technical analysis
After a fail to create higher highs, NZDUSD continues its downtrend to make possible lower lows
After a successful stop at the top of upper trend line, it seems that AUDJPY will continue it's path to go lower.
After a break of major support region and a 2015 low for GBPUSD. We can expect the pair create further lows in the near future.
A clear wedge formation could be seen forming on EURUSD. As prices fail to make higher highs, prices are currently moving lower. I suspect that the pair will break below 1.0813 support to make lower lows in the near future. However, it also does have opportunity to go higher as well, so be cautious. Please leave a comment and feedback on my ideas and be sure to...
With EURCAD breaking a yearly high. The currency pair is currently the highest it has been since 2009. We can expect prices to go higher up from as long as long as the 1.55386 support regions holds. I suggest waiting for a retest then entering your positions if the line holds.
A bullish bat could be seen forming on gold. With fib levels retracing at 61.8% and various support regions surrounding the area. It is a vital area of interest for gold to move back up. If we also look at RSI levels, bullish divergence could be seen forming, as well as an very oversell RSI levels.