AUDCAD seems to be hoovering above the weekly demand zone from .9668 upto .9786. We are still seeing price is in a tight range and we need to wait for a breakout. Looking at also a possible head and shoulders pattern. Overall thoughts are up.
Looking for the trend to continue to the downside now that we have see a decent pullback. We have to wait for the 138.3-143 supply zone to be confirmed by price action before getting onboard for the daily swing trade
EURGBP seems to be getting close to wholesale prices as we have been in an uptrend and now are about to retest a retesting a demand zone at .83500. We will have to wait to see if price will bounce out of this zone and make a new high. But the trend is up so we are looking to buy low and sell high.
On the GBPJPY we are waiting patiently for price action to confirm the downside momentum as we await the UK open.
So far so good we are just waiting for a new low at 133.4.
looking short on the GBPAUD as we are coming out of a daily/ weekly supply zone in the direction of trend. We do have some fresh resistance here on the daily and lower timeframes but I think it will break as the trend continues and we retest the weekly demand zone @ 1.6850
I'm looking at the downtrend to continue as PA is confirming down off a daily supply ( resistance zone). could also be a nice place to form a trendline area in the future.https://www.tradingview.com/x/zv7pHFeh/
We are staying in weekly demand zone from the first part of july, but the trend is still down and looking for a new low in this market or a really strong retest 98.60 price.