AUDJPY looks to continue downtrend as momentum diminishes to the upside. The pair approaches key horizontal and trendline resistance and the market is posting overbought signals.
Gold looks set to break back above key resistance. Trade war relief has been overshadowed by Trumps impeachment and therefore experiencing a shift to haven assets. Gold is posting higher lows ans we are forecasting a break higher.
USDJPY is losing momentum at the top of the range, posting a double top and now produced a lower high. RSI and stochastic is losing momentum too. We are expecting a break below neckline before further bearish price action.
USDCHF is trading at key demand zone at the bottom of the range and shown a bullish reversal pattern. Market indicators suggest an oversold market. 61.8% fib supports the reversal.
USDJPY trades at key resistance level at horizontal level and has consolidated towards the top. RSI and Stochastic overbought market, we are now expecting bearish price action.
AUDUSD has pushed higher to key weekly resistance level. The pair has posted a double top on the shorter time frame and bearish price action. RSI is also displaying overbought conditions.
USDCAD is posting lower highs after a test of key confluence of resistance. We are expecting downward momentum over todays session.
GBPNZD continues to range amid a quiet weeks trading. The pair has pulled back to a confluence of support in the form of horizontal support, trendline and 4hr bollinger. RSI on the 1hr suggests an oversold market. Good opportunity for bullish price action.
USDCHF is trading at the top of the range and showed consolidation around horizontal level, bollinger band and rsi is overbought. A rounded top to the current trend displays a loss in momentum.
NZDJPY has been stuck in this range for over 1 month now. The pair has moved to the upper boundary and displayed bearish price action. The market is overbought so we are entering short.
GBPNZD is trading at technical support in the form of bollinger band, horizontal level and long term trend line. The pair has displayed bullish price action and after a strong Pound on the open, we are expecting a move higher.
GBCHF is testing key resistance at horizontal, trendline and bollinger band. The market is overbought and Sterling remains uncertain amid upcoming elections.
EURCAD is trading at the top of the range and horizontal and trendline levels act as resistance. The market is overbought, presenting a good opportunity to enter short.
NZDCHF trades at trendline resistance, 4hr bollinger band and horizontal level. RSI is overbought and Stochastic cross in overbought conditions. Expecting downside.
CADJPY is at resistance zone.Horizontal level, mid-term trend line and %0% fib retracement offer good opportunity to enter the market short. RSI approaches overbought conditions.
USDCHF trades at technical support, within current uptrend. The trend continuation is protected by horizontal support and 50% Fib. RSI is oversold, we are expecting bullish price action.
CHFJPY has moved higher to trade at the top of the range and key resistance. The market is overbought, we are expecting bearish price action from this level.
EURGBP trades at the bottom of the range and has found support. weekly trendline supports a reversal here. As election approaches, we are expecting a weak pound and in oversold conditions, this is a good opportunity to trade pound weakness.