Mancoba_Thabethe

Mancoba_Thabethe

As we have seen the pair move in its bullish channel it has made a breakout and we could see a retest or a lower high being formed before it drops to the next major support zone.

Mancoba_Thabethe

EURJPY made a breakout previously and made a restest on the previous trendline resistance. Right now their is a potential formation of a bullish market structure forming and we can start buying low while we also wait to see if the market plays out the way I anticipate.

Mancoba_Thabethe

As we can see, the pair has made a reversal to move in a strong bullish move towards the previous support. Currently the pair is moving strongly towards the previous which is a good opportunity to buy. But we can await to see if it rejects of the zone to give us a good chance to sell.

Mancoba_Thabethe

AUDSGD is still moving in a nice uptrend, as it is respecting the trendline support and resistance. Since it made a bounce off the trendline support to break the resistance that was above it. We're most likely to see it break the next resistance to make new highs.

Mancoba_Thabethe

With CADCHF bouncing off the support of the channel to pair is likely to create more higher highs and higher lows making it a good opportunity to buy low.

Mancoba_Thabethe

After GBPNZD moved in a long bearish trend the sellers couldnt break the support thus forming a Double Botton pattern signaling that the buyers will start taking over.

Mancoba_Thabethe

Over the past weeks EURCAD was in a consolidation but the pair has broken out and retested the previous resistance of the ranging market. We might seen it from higher highs and higher lows in future. Be sure to look for buying opportunities.

Mancoba_Thabethe

Once again the pair has lost strength to break the resistance and we might see a strong drop from it meanwhile GBPUSD broke out of its bearish channel showing some strength.

Mancoba_Thabethe

Breakout of the bearish channel to the overall bullish direction

Mancoba_Thabethe

EURAUD is at previous support which is being tested. The pair is likely to drop because it is still under the trendline resistance and the previous zone. A break of the trendline and zone to the upside would signal a reversal. On the daily chart we have a bearish inverted pinbar, a break of the low of the daily candlestick would be taken as a sell signal.

Mancoba_Thabethe

Once again the pair has bounced off the trendline resistance to continue in the direction of the bearish channel but a reversal on the daily chart might signal a build up for a breakout.

Mancoba_Thabethe

For a long time the pair has been consolidating on higher timeframes and it has formed a reversal and bounced off the resistance to give bearish momentum on lower timeframes.

Mancoba_Thabethe

Well EURJPY is know for forming price channels on higher timeframes. This time we have a breakout of the weekly bearish channel as well as a retest and we might seen the pair bullish the upcoming weeks.

Mancoba_Thabethe

E EURUSD has been in a uptrend in the previous days before bouncing off the Weekly Resistance. It broke the trendline support and also retested it before moving down to the minor Zone. Right now we might see the pair make a lower higher to build momentum before breaking the minor Zone to make lower lows.

Mancoba_Thabethe

USDRUB has been in a downtrend for the past weeks and is looking to retest the previous zone before dropping again. But lets be patient and see if the pair will make a reversal to the downside. A break on the trendline resistance will signal a change in the trend.

Mancoba_Thabethe

Sell on completion/break of Pattern.

Mancoba_Thabethe

USOIL has been trading in a cosolidation for the past 2 days and made a false break signaling that seller no longer have momentum to push prices lower. Global fundamental news on OIL also suggest that there is a surplus of oil production thus stimulating the demand for oil.

Mancoba_Thabethe

Through my analysis I've noticed that the pair could be in the phase of beginning a new long term upwards movement. The 3 EMAs on the chart will be of great confluence as the would signal a bullish move and a breakout at the above resistance will signal more bullish strength and the ghost feed is the projected move as when price breaks out of the resistance we...