AUDUSD has been moving sideways for some time now, price hasn't broken above 0.7800 level and has been ranging with an upward wedge. (Analysis from the Daily and Weekly time frame.
This chart illustrates a view from the 4HR timeframe.
Marked off are key levels where supply and demand are sitting.
Have a good day Traders
DXY has been going up since May 2016
And is now on a bearish decline start the start of 2017. Price has not reached back 92.00 since it broke above it.
So tells me that there is demand around 92-95 Level
Right now price is respecting the downward trend line.
Its possible for price to hold at demand zones and shoot up or could keep getting attracted to the...
EURUSD has weaken and is now on a bearish move.
I believe that the price will fall to 1.1150 and consolidate before it continues bullish movement.
Otherwise the analysis speaks for itself
Good Luck Traders
Weekly look on USDJPY
It was in a uptrend for awhile and hit resistance, now the Dollar has been pushing lower since it hit the 124.00 level.
I have 2 CB's (Consolidation Box)
Now we just wait to see where price starts to head now.
Updated look on EURUSD
Price has broken above EMA's on daily chart.
4hr Chart is up
1hr Chart is up
So we follow the trend for now
I have placed 2 scenarios for what I believe is going to happen.
We have a double bottom touch in consolidation box, so that telling us that price couldn't push lower for the time being.
Its possible for price to push down...
Here's is a chart setup on GBPUSD
1000 (Red Lines) pips spread with 250 (Black Lines) Quarter Lines
According to the weekly chart the trend is down.
On the daily chart price has broken 50 and 200 EMA to the upside, so now we just use the set levels to determine trades.
Good Luck Traders.
USDCAD is in a uptrend
Met resistance on 4HR chart @ 1.3750 and now in a "CB" consolidation box.
So we are looking for buy signals at the green lines to continue its up trend.
It can consolidate to build momentum or give a bearish push down into the next buy zone.
We shall see what plays out.
Have a good weekend traders!
Here we have a 4HR chart setup. NZD/USD
Its been determined that the trend is still down
I have placed key levels which are the red & green lines. Also placed quarter point level in between. (EX: even level @ 0.6800 QP level @ 0.6825). QP levels are the black lines.
It looks to be on a retrace to the upside, or can consolidate...
This chart is separated by 1000 pips apart at the red lines.
Black lines are 250 pips apart quarter points
This strategy is very affective.
The overall trend is down so we would need to break trend line to consider a sell position