Pips_pool

Pips_pool

FX:EURJPY seems to have reached its peak. Based on the divergence and multiple tops, I think the uptrend may be done and a trend change may happen soon.

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The FX:USDCHF has been on a bullish momentum. I expect a short term SHORT opportunity on a possible retrace to the 0.90800 area before continuing up. Will be adding longs on test of support. Best of Luck

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FX:EURAUD Bullish break for this pair with a strong close above the cloud. Looking for longs on this pair for the rest of the week.

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FX:EURUSD seems bound to go up following the price action. Bounce from the 4 hour 200 SMA with a piercing candle as a confirmation to the upside allows us to place longs for EURUSD.

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FX:GBPUSD Ready for a retrace after forming a double top on both 1hr and 4hr charts. All the best Traders

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FX:AUDUSD going for a down after rejection. Trend continuation to the down side with first target at 0.67000.

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considering the divergence on the daily and 4hr charts on the FX:EURGBP and the double top on formed, this currency pair may offer a very good Risk:Reward on the short side.

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USDCAD has been on a bullish run for a while now. With Friday closing above 1.33663(resistance turned support) we may see the bullish cycle continue this week with the first target 1.34500 and a possible extension into 1.36 zone. The price also formed a possible double bottom on the 4 hour chart between 1st April and 3rd April.

Pips_pool

Since USDCAD closed above a major resistance last week 1.33663, we may get a retest of the resistance turned support and a long opportunity to 1.34500(first target). On the weekly the currency is in a long trend and trading we love to trade in the direction of the trend.

Pips_pool

From the recent Price Action in USDJPY , I reckon will remain bullish for a test of the 112.100 zone. If this week closes above that then we may see further upside action for a retest of 113.5.

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The TVC:DXY has formed a bearish divergence on the Daily with a potential double top formation at a pretty decent resistance level(97). Looking for a short at this level might be a good idea.

Pips_pool

Could DXY have formed an inverse Head and shoulder pattern. This would push the DXY up for a potential wave 5, then decline after. Note that the move down found support at the 78.6% levels.