The pair is showing divergence on RSI daily charts. Momentum is turn bullish. The rebound has started from the bottom of falling trendline. This signals a buy trade entry point. Target the top of the channel
NZD/USD consolidates within the sideways channel, but daily RSI has started to drift higher into a more positive territory. However, there does not seem to be a lot of conviction to moves at present, with markets awaiting key central bank decisions this week
USDCAD is trading in a bear triangle setup. The breakout of the triangle will confirm the bears control over the market.
USD/CAD gaps lower ahead of the Federal Reserve interest rate decision on August 1, with recent price action raising the risk for a further decline in the exchange rate as the bearish momentum appears to be gathering pace.
USDJPY has tested the downward trendline on monthly chart. Now it is testing the rising trendline on daily chart. We are looking for a break put on this daily trendline to confirm the continuation of short trade.
The Bank of Japan is to meet on Tuesday, amid speculation that it is considering changes to its massive asset purchase program.
The dollar dipped...
BNBBTC has consolidated from top to come down and test the rising trendline. We are looking at swing entry back into buy trade. We will wait for breakout of the falling trendline and WA to turn green. Target will be pivot and resistance levels on the way up.
On the daily chart, RSI divergence indicates, correction in the uptrend. The price has broken down the 0.236 fib level. Downside we are targeting 0.382 and 0.5 fib level. 0.5 level will be important support as it meets with the rising trend lin