50 Moving Average provides a support on a daily chart, bullish triangle pattern is formed on a 4 hour timeframe, the previous week candle closed with the hammer possibly indicating strong buying pressure in the market
EUR/NZD looking bullish with the 50 Moving Average support on 4hr , previous day engulfing candle. Break and retest of the previous highs.
Broke out from the pennant and retesting the key area. The pair has spent the previous 2 weeks rallying and most likely will continue to go higher.
1W - Bullish 1D - Bullish 4H - Bullish 1H - Bullish Notes: On a higher timeframe major double top with the 1.05 level as the neckline. Possible retest of that level.
CHF/JPY Possible Pullback Looking bearish on shorter timeframes (15mins/1Hour/4 Hrs 1W - Bullish 1D - Bullish 4H - Bearish 1H - Bearish CONFLUENCES EMA - Trading under 50 EMA on 1 hr timeframe STRUCTIRE - Broke structure on 1hr timeframe CANDLESTICK - Shooting Star on Daily