Lower low stricture on nzd/cad. No signs of bearishness on cad. Expecting the sell off to continue. Waiting for price to retrace back to sell interest area to trigger our sell limit. First resistance would be 0.873 and 0.880. Watch those levels carefully.
Price is retracing back to our sell interest area. As long as 0.99967 is not broken, we shall see more downside. The momentum is still on the sell side going short would be a higher probability bet.
With Xi and Trump meeting this weekend, I'm expecting good news from them as the market close with a very bullish pattern. Going long here should be very rewarding as there is potential for upside than downside. 27910 will be our SL.
With 1424 being resisted and price breaking down below 1400, Gold has made a LHLL structure. We might start to see gold heading to the 1360 area. Going short would be a higher probability bet. Having a sell limit at 1400 to 1408 would be a good risk reward ratio. SL being 1426. TP around 1360 area.
WATCH 12246 to 122597 very closely. If price is unable to close above this resistance, we might the start of downtrend for BTC/USD. Price has before resisted 1323 area during 27 June and now it has failed to go above previous support broke resistance. Sell limit at 12246 to 122597 can be a very rewarding trade.
26 june candle managed to cover the gap with a bullish candle. WIth HLHH structure going long would stand a better chance. Expecting 82.6 (gap) to hold and retrace back to 81.24 level. If 81.24 area holds, we might see further upside.
LHLL STRUCTURE. EUR/AUD is reaching technical support ( gap ). Might see a rebound from there. Expecting that 1.62 level to hold. Sell limit 1.63 level can be very rewarding.
Watch 0.88140 closely. If nzd/cad fails to close above that gap down area, we might see 0.86 fast. Trend continuation trade. lower low lower high structure.
Weekly we have bearish engulfing. Daily we have LHLL Structure. 1.313 supported with lower shadows. Might see a retracement back to 1.330 previous support broke resistance. Wait at 1.330 for signal to short.
EUR/USD closed with a bullish engulfing candle last week. Higher low and higher high can be seen. There is also a break of the downward trend line. Going long would be safer. Would wait at 1.13 and 1.134 area to look for a long. If 1.13 is well supported, eur/usd will be bullish.
EUR/JPY Respected 122.826 resistance well. It has made a series of lower high and lower low supported with a bearish engulfing candle. Going a short here should be a low risk trade. Downward pressure if strong. 121 could be a good target. No signs of bullish on this pair. Ride the trend.
Weekly candle is bearish engulfing. Selling is strong on NZD/USD. Typical lower high lower low structure. A short at retracement would be good. WATCH 0.654 and 0.658 closely.
There is a break of LHLL structure. If 53.76 hold and forms a lower high formation, we can expect oil to go higher. Watch 53.76 closely.
Critical support of 1.36 being supported with a morning star. The bear is losing its momentum. Watch 138 closely. If break, expect it to go back to 140 area. SL 134.9 TP 138.
usd/cad has broken away from its upward trend line. With a fake upward move on 29 May hunting stop losses, we can expect usd/cad to go low fast. 1.335 sell limit could possibly a low risk trade. Watch 1.317 closely( major support ).
Watch 0.684 price level closely. Price is approaching that critical support level ( 16 jan 2016 ). I am expecting this level to hold. A bullish closing bar will signal a buy signal. Else watch 0.68 level. This is a counter trend trade watch your take profit closely.
2879 is well supported. Bullish momentum is going strong . Shall see how the trade deal goes next week. Retracement back to 2879 for a long , watch 2952 closely, price might bounce off from there back to 2879.
I am slightly bearish on USD/CHF. It has broken down from its uptrend line, resting well on its 0.992 support. We might see a retracement this week as we have a strong bullish hammer bar yesterday. If we couldnt see 0.9967 broken up swiftly, we might see the start of a downward trend ... Watch closely on 0.9967 . On the Macro POV, market participants are...