Analysis was done on higher time frames but if price breaks and closes below dotted line on current 15 minute chart, I believe price can drop for another 60 pips.
Price continues to bounce off of the 50 day EMA (pink) on the daily chart. With continued higher highs and higher lows, I expect price to continue to rise.
Chart should explain itself.
Will work my way down to the 1hr time frame to look for proper sells when necessary starting at the next New York Session (3/27/18)
NZDUSD trending downward from a daily perspective.
Will wait for price to break above H4 descending trendline for buys or break out of 1hr wedge pattern for further sells. Bias is towards a sell.
USDCHF will short for 40-50 pips with a 1:2 RR. 21 sma and 8 ema have crossed on the 4hr time frame signaling a short as well as 2hr price closing below all EMA's but more significantly the 8 ema. I will continue to hold this until take profit is hit or price closes above 21 sma on 2hr time frame.
**Also a head and shoulders pattern has been created on the 4hr...
GBPUSD looks good for a swing to the upside due to a trend continuation with a 3rd tap ascending trend line and a break and close above the 4H counter trend line.
Taking EURJPY for a trend continuation bullish. Nice rejection from key levels of .618 and .786 with what looks like a false break out of the H4 yellow ascending trend line. Potentially could see a higher high be formed in the future but I will be looking for take profits around the 130.6 area.
AU has shown a pullback to key levels between .618 and .786 with a break and close of the H4 descending trendline. Stop loss is below the last swing low.
DXY looks short term bullish making the dollar strong right now. It has broken and closed above the descending H4 trendline and I am expecting a long to the 2nd trendline tap on H4. Stop loss was placed on h1 under the previous double bottom.
