Major ascending wedge has been broken. Minor descending wedge has also been broken. Look for a retest of resistance..... AND HOLDDDDDDDDDD!!!! Weak USD technicals and fundamentals!!!!!!!!!!! Easy pips. Feel free to comment on your thoughts, opinions, analysis! Don't forget to follow if you like my work. Good luck next week.
GBPAUD has been in this 400 pip range for the past month, and we recently bounced off the bottom of the range and the upwards trendline.
Currently trading within a pivot zone! If we break to the upside, wait for a retest of support and hold! Vice versa for the resistance. Good luck next week everyone.
EurJpy has broken it's upward trendline, however, that does not mean we don't have any bullish momentum.
Wait for price to break out and retest the current consolidation zone and then hold the bag!!!!!!! If market structure leads bearish, we could see significant depreciation with the Euro! Follow the market structure and good luck this next week.
Currently testing support. GBP has strong bullish momentum: Bias bullish
This support level will determine whether we march forward or retrace towards next support.
Good luck in the markets next week!!!
Current trading is between support and resistance zones.
Broke through support on February 5th and touched resistance on February 7th.
Minor trendline was broken on February 7th with an abundance of buying pressure, however, we lack bullish confirmation until higher highs and higher lowers are created.
We have minor support around 1.29300. If this pair is able...
NZD is showing short term bullish tendencies
The descending channel has been broken to the upside
Friday closed with a bullish pin bar
Primary Trend: Bearish
Secondary Trend/Minor Trend: Bullish
Key Resistance around 1.9100
Price should touch next resistance level