Looking at the current pattern that is forming I am looking for a retest of either the 20 ema or the 50 ema. The entry will depend on the candle pattern formation possible at either point. The Dollar index has also changed to a bearish market giving more credibility to the EUR/USD bullish trend.
Cont. Bearish downtrend for AUD/USD hitting .618 Fib resistance as well as 45 RSI and 20 EMA (Light Blue Line) with a good Risk to Reward of 3. Comment what you think will it go back up to the 200 EMA and drop again or change to an up trend?
Not going to enter a position yet looking for a bullish candle first. But, could be seeing the bearish trend continue, looking for a comformation from the candle patterns.
Long EUR/USD with a good Risk Reward ratio. Could be seeing a 50 EMA bounce up with a 40 RSI bounce. Also stop loss below previous support line on the hour chart.
EUR/USD has a bearish trend right now the fed rate hike may bring the pair down with a good Risk to Reward ratio.
The Fed press meeting if only 3 rate hikes projected can see bullish side
If 4 rate hikes can see conitined bearish trend.
NZD/CAD is coming up on the 200 EMA (Pink) and the RSI is reacting off of a slight resistance at 40. Looking for a bounce back to previous resistance and has good Risk to Reward on this one.
The first image is of the day chart. There appears to be resistance at the 1.25 price line. The RSI line is above the 50 line showing that it is still an up trend. This week or early next week it should hit the 1.25 line and decline possibly back down to the 1.235 price. Currently with the new pointing to interest rates going up in March I expect the 1.25...
