Dr_Pip

Dr_Pip

Last week we saw price jump up to retest Fibonacci levels after a huge break to the downside from an ascending bullish structure. USD/CHF last week was in an exhaustion phase and now this week showing evidence that the bears are coming back in to push price further to the downside. Looking for shorts at completion of exhaustion around Fibonacci level 61.8% Looking...

Dr_Pip

CADJPY has finally broke out to the upside of a daily descending trend line. Possible head and shoulders pattern has reflected on the daily chart indicating a possible reversal in trend. Bulls have finally pushed off the bears and are reading to send price soaring. The Canadian dollar or the "loonie" is very strong at the current moment after news strengthened the...

Dr_Pip

USDJPY has formed a potential head and shoulders pattern pattern. Price has reflected a bounce off 50% Fibonacci retracement and is now on the way to reaching area of sensitivity around 109.416. Price is struggling at current resistance of 108.441 but I do see the bulls taking charge and pushing price through this level and coming back to retest previous high...

Dr_Pip

EURNZD last week was stuck in a ranging market with a couple of false breakouts until price finally broke to the upside with a nice retest of previous resistance which then became support. EURNZD is reflecting evidence that bulls are in control for the mean time. On the weekly chart price has evidently reflected higher highs and higher lows. Price looking to...

Dr_Pip

Last week USDCAD retested important resistance around 1.33377 before price decided to take a nice dive down to minor support around 1.31530. Price failed to close last week below our minor support. Price has shown evidence that bears are in control of the market after price tried failed to push through daily resistance levels If we take a look at a lower time...

Dr_Pip

Price has recently bounced off support creating possible double bottom. Price is looking to retest resistance around 0.68675 before heading back down. Looking for potential longs this week. My analysis are for educational purposes only. They are not signals. Trade at your own risk! Happy Trading!