ForexStoreau

ForexStoreau

• NZDJPY is capped in nearly a 5 year negative trend since December 2014. • As you can see below there has been a large sell off as the pair have reached the cap of the negative trend line. • Looking closer there is a TREBLE top on the daily and 4 hour candles. • FIB retracement tool is suggesting 75.25 as the first target level which is over 100 PIPS away (61%...

ForexStoreau

The ASX has formed a shooting star on the weekly candles. We are now awaiting confirmation, this weeks candle will need to decline and close below last weeks candle. We can then look for targets of 6100 and 6000.

ForexStoreau

The NZDUSD is forming a pennant formation on the Daily candles and is pushing towards the top level at 0.6890. A break above the pennant could see it rise the 0.6930 and then 0.6966. There is no major fundamental news events coming from NZ this week.

ForexStoreau

There is a possible head and shoulders pattern forming on the NIFTY We could see a pull back downwards the 61% FIB at 10900 Stop loss above the shoulder line.

ForexStoreau

CADJPY has formed a triple bottom also in an inclining channel. There is also a possible Head and Shoulders pattern forming. Looking to buy up to the shoulder line at 84.40. Tight stop below the support line 83.50

ForexStoreau

There has been a double top on the GBPAUD - Daily candles Stop loss set above the double top level and take profit on the 50% FIB retracement at roughly 1.8430 Stoch RSI also suggesting downside

ForexStoreau

Entry order set for a BUY at 1279/78 which is the 61.8% FIB retracement level. Stop loss set below 1275 with the first target being 1325 and 1375 in extension.

ForexStoreau

USDCAD has formed a TRIPLE TOP on the 4 hour candles. There is also a BEARISH engulfing candle. Stoch RSI is signalling downside Stop losses above resistance at 1.3340 and a target of 1.3230