EURGBP price broke the resistace level of 0.88600 last week but by the end of the week price pulled back down and the candle closed below the resistance level.By doing that price formed a shooting star candle which is a really powerful reversal candle.
In this week we might see another retest of that resistance level.
If price manages to bounce back from that...
CHFJPY has formed a Wolf Pattern and is on a good position to buy .
In a possible breakdown:
Levels (109.900 and 108.900) should do as good supports and push the price upside.
Potential upside checkpoints would be those resistance levels (114.000 and 115.000).
AUDCAD formed a double top on the 1.03000 level and price started to drop.
Potential checkpoints where the price could bounce back upside to retest are the following black horizontal lines.
A possible target where the price might hit and go back up for a retest is that green trendline.
The most possible scenario is that the price might go all the way down to...
GER30 has formed a double top on the 1200-1400 price level .
Price started to fall and a retest is possible.
A minimal retrace from that level would be the 23% of the fibonacci levels where the trendline would be.
Please feel free to comment!
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 23.6 retracement level is too.
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.