A (small) bearish pinbar is rejecting upper channel resistance at 79.00. The pair has been very bullish over the past week and is due to make a retrace and this looks like it could be time. As well as the key resistance levels, I can also see bearish regular divergence indicating weakness and possible directional change. Stoch is also showing a sell signal....
Price has reached channel resistance and is showing several signs that it could reverse from here. A doji (indecision) A gap up Horizontal resistance between 49-50 Wait for price to break below support before entering short.
Ascending wedge pattern. All technicals look as if price is about to fall, BUT the fundamentals for this pair are strong. AUD has good interest rates and no immediate plan to change them, USD is expected to cut rates in Dec. Aussie is strong. I think a breakout to the upside is likely in the near future, but the charts are suggesting that there will be one more...
Price has reached channel resistance and is showing several signs that it could reverse from here. A doji (indecision) A gap up Horizontal resistance between 49-50 Wait for price to break below support before entering short.
Good long opportunity. A bullish piercing signal has formed at a low with some good potential for upside to the top of the wedge. I missed an opportunity to enter on break of the short term down trend which would have doubled the RR, but there's still a good 2R profit here with a very safe SL below the signal. A less conservative SL would be around 130.4 but...
Pair has been ranging in a channel post Brexit and price is currently rejecting the lower channel support. Nice bullish signal on the D1 chart at Horizontal support and lower Bollinger Band. Profit target set just below upper range and 1.3000 psychological number.
Seeing bullish signals at the bottom of a nice range with some good upside. A morning star signal on the D1 chart with a stoch buy signal. Price has broken through the short term trend line resistance and looks like it is holding as support on the 4h and 1h timeframes. I would prefer a tighter stop loss around 1.29 but with 3 major USD news events later...
D1 piercing signal. Will place an entry order on break of 4hr trend line resistance.
A nice pin bar has formed at the trend line with confluence with a 50% retrace. Also the pin bar is piercing the lower bollinger band. Keep an eye on what's happening with CAD pairs. Other CAD pairs are rallying but GBP looks stronger.
The previous breakout through the trend line is being retested. With several confluent areas of resistance above, this looks like a very good short opportunity. 1. Candles rejecting 21 daily EMA 2. 50% fib retrace of previous down move 3. 0.7085 has previously held as Horizontal support is now holding as resistance Quite a wide SL at 0.7106 because there is a...
Technical's for AUDUSD have been looking bearish over the past week, but there's been a lot of indecision. Overall fundamentally the AUD economy looks better than many other and against the USD with a rate hike expected in Dec, seems that fundamentally AUDUSD is likely to shoot higher. But for today, I feel and the charts say that price will head lower again...
Nice pullback and rejection of both diagonal trend line and daily H-SR level. A evening star & hanging man signals appeared. Should be good for an easy 2R.
A head & shoulder pattern is forming. Price is bring rejected at the 0.8600 horizontal level and the recent uptrend looks like its out of steam. Entry on break of 0.8560
Sterling has rejected the trend line resistance 1.3100 and has formed a 4h bearish pin bar and small bearish engulfing signal. It's likely that price will head back to trend line support at around 1.2950-1.3000 at which point we can take profits on reversal and look for opportunities to go LONG, with a possibility that price will break through the resistance this...
Price has reached upper trend line resistance where a BeEB and almost an evening star has formed. Entry on break of short term lows on 22/23 Sept.
This pair has been ranging since May. A Bearish Engulfing bar has formed at the top of the range offering a potential opportunity to the lows. There's potential that the blue trendline resistance could hold and price may move higher (especially as Oil prices are going down, which would cause CAD to go down too).
Looks like a really clear bearish signal rejecting previous S/R level, a Fib 68% retrace level and a long-term downwards trendline. A previous bearish engulfing signal on 26/8 failed as there were still too many over enthusiastic bulls around after the pairs phenomenal upwards move the previous week, causing the price to drop to do a fib 38% retrace and attempt...
This 4hr signal formed at 1.3248 support (also a fib 50% retrace of previous impulse move), also has good trendline support adding an extra layer of support. TP1: 1.3425, but could go higher.