The pair broke out of the descending channel and retraces back to the broken trendline finding solid support.
We can expect the price to gather bullish momentum to rise towards the monthly pivot.
Alternatively, a close below 1.14700 will invalidate the buy setup.
The pair is trading in a triangle and has bounced at the resistance level closing below it.
We can expect the pair to drop towards the ascending trendline /support before gathering enough bullish momentum to break above the triangle.
The US Dollar experienced strong bearish momentum last week and the usdchf broke the support and settled below it.
We might get a retest of the broken support before resuming the drop.
Targets are 0.94700 and 0.93550(trendline support)
The usdcad pair rallied to hit the resistance level as initially predicted in my previous posts but couldn't hold above it.
This negative closing suggests that the price will make a pullback with the initial target at the pivot point.
EURJPY has broken both trendlines and settled above the pivot point suggesting bullish continuation towards the resistance at 143.200.
If the price mantains stability above the pivot, we can open buy positions with targets at 141.330 and 143.2.
Note: Technical indicators display slight bearish divergence on lower timeframe warranting...
EURAUD hit the monthly support once again and bounced bullishly forming a double bottom with bullish divergence(D1).
Price also broke out of the trendline and is retracing back to it.
We can expect the price to drop to 1.45041 from where we can open long orders.
The initial target for buys is the pivot (1.48430).
Price has experienced strong bullish momentum and is now consolidating on the midterm resistance level.
Bearish divergence on H1 TF suggests a pullback is about to happen.
We can expect bearish movements toward support level of 137.50/137.35.
Gold bounced off the resistance as predicted in my previous analysis and experienced some sideways movement before dropping.
The breakdown of the 1785 level today confirms the downtrend continuation.
We can expect a trendline retest before the drop to initial...