Possible target at the upper border of the downward channel or some upward median line parallel. The channels' set seems to contain price more consistently though (better tests).
Exactly the same Andrews pitchfork spotted twice within a year. GBP/NZD has been kind of caught between them and coerced first down, now up, as if on some resonance energy. The second Warning Line is expected to exert some resistance, esp. coupled with the horizontal one (prior highs). Bound to hit them soon and then, probably, go oscillating. Where? Either in the...
I wonder, if support at 0.868 (swing lows) is going to hold... It looks to me that it's going to fail.
Hard to believe, but it looks like the Franc hasn't killed the Kiwi yet.
I believe, the Swiss Franc's recent strength will continue and, coupled with the weak U.S. Dollar, we'll see the pair complete the multichannel play.
Yen has shaken confidence of traders in it. If it's still to show us its claws, then we'll see it complete the multichannel formation.
If things remain auspicious for the euro, we may see it hit the Median Line. It's not clear to me yet, but I will keep an eye on it.
I am generally bullish EUR/CAD, but the cyclicality of the recent swings makes me think there's going to be a retracement now. I am looking to take profit at the first down sloping line the price will get to (and then go long again, if the market forces are telling me so).
We're almost at the Median Line (the thick one). It was worth being patient.
I believe, there will probably be some range trading in this market for some time. Price may as well hit the upper horizontal resistance first.
The same-size-&-slope channel, over and over again... :-)
Looks like we're going to double the range to the downside... Two strong currencies involved - it usually ends up with a choppy, trading-range price action.
Looking to get filled close to the recent low and then heading for the Median Line. Euro is quite strong and U.S. Dollar rather weak, so it looks like a good trading opportunity.
I'm looking to go long at the switchback bounce off of a sliding parallel of the down fork.
For the time being I'm still bullish in this market.
I presume, we'll see the US Dollar's massive fall from grace soon - that's why I'm bullish here...