Price has tested the resistance trendline twice and started to drop.
Price is now on that 38.2 retracement level and a possible break of that level might lead the price to the support area.
I drew 3 trendlines which I think could be possible checkpoints and a support zone which has been touched a lot and where the ...
Price went down to the support zone and it's on a trendline.
A possible break of both (Support zone and Trendline) Price might move down to the 38.2 retracement and go back up to test the support/demand zone and then go all the way down to the next support zone where the 50.0 retracement level is.
NZDJPY hit the resistance trendline and retraced.Price also broke a support trendline which price went down to the 50.0 zone and retraced till the 38.2 zone.
If price makes it through the 50.0 and 61.8 it might hit the support trendline and then go up.
AUDUASD hit the daily resistance and droped.
Price is moving to the supportive trendline and that might retrace the price back up.
If price could brake the trendline a good support would be the 0.50 zone.
AUDCHF is holding up on trendlines and it's near the 0.618 fibonacci level.
Price started to retrace from that resistance trendline and it's moving down to the supportive trendline.
If that one breaks price might move till the next trendline and then maybe use 0.50 as a resistance.
Prepare for a sell
CADCHF broke the 0.382 fibo level and stopped on the trendline.
A possible break of this trendline: Price might move to the next trendline and at least at the 0.50 fibo level which worked as a strong resistance level.
All these might happen because of the news coming tomorrow for CAD Interest Rates.
On the daily chart NZDCHF went to the 0.721 zone and made a double top.
Seems to be a good chance for a sell but if it breaks might go to the next resistance which is the 0.73-0.74 zone and then start droping.
Daily Outlook on ERUCHF (Line Chart)
It's a possible BUY on the current price or it might brake that 1.091 zone and go down till the 1.086 zone and than bounce back up.
Sharing what I see and think so feel free and comment.
GBPUSD is on the Resistance Area and will be there for a while.
It might go till that 1.34 zone and than drop but if it breaks its going to be a long ride upside.
Just sharing what I see and think so feel free and comment.