Rajomatic

Rajomatic

As simple as it looks, please manage your trades properly. Here we can see the break of the channel as well as the trendline and the price is currently sitting under the 50.00% Fib Retracement Area. We should see a retest of the Fib level then the continuation of the downtrend.

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We currently have very strong bulls in the market and EurAud has survive countless breakouts to the downside, but for how long? At the moment, we can see price just retest the 200 SMA and is looking to make a move to the upside towards the next Resistance Zone.

Rajomatic

Price is currently under the 200 SMA and also the Ichimoku Cloud. Price broke through the support zone and has retested it. For sure, sellers currently have a sweet tooth for this kind of trading set-up with confirmations.

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We can clearly see price is still under the Ichimoku Cloud and actually retested the cloud and also retested the 200 SMA. What we are waiting for is a clear break of the Support Zone. This could actually be a very good, crystal clear short set-up.

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We can see price clearly breaks the old support area and is currently looking to retest that area. Look out for a fall to 61.8% Fib Retracement area.

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We just might see a pullback at the current resistance area and then we shall complete our journey up to new heights. See you at 1800.00

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Update on UsdCad. Let's see if we can get a break.

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We are now at the top of the triangle pattern looking to go short. Nothing else needs to be said really.

Rajomatic

There's nothing much to say other than price price has frequently visited the 61.8% Fib Retracement level and produced changes.

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Breakout or Fakeout? One thing's certain, GbpNzd is not out the woodworks just yet. Watch price rise off the trendline or fall from a breakout.

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We need more volume to decide. As we know, GbpJpy has broken channel and currently sits atop a massive Support Zone, but guess what, it did that once and created a Huge Fakeout trapping a lot of 'dumb money' in so be careful. We await confirmation before going in either direction.

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EurUsd will fall. Only a matter of time as it currently sits under the Ichimoku Cloud and has broken the 78.6% Fib Retracement level (Currently awaiting the candle close). This particular pair has been in a downtrend for as long as we can remember.

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After a successful bump and run, we've finally seeing a potential opportunity which will be the deciding point. We'll await a break in the trendline or a push upwards.

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Can it make it? Will it break the support? Some of the widely asked questions on Gold, but let us stay tuned because wherever it goes it sure to be a massive move.

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After UsdJpy failed to break trendline, we are sure to see a downtrend continuation happen as it continues to be confined in a channel.

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Boxed in a very familiar pattern indeed. Smart money will now await a breakout opportunity to capitalize on.

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A pair that should be on your watchlist for the time being as it arrives to a major support area. Let's see what happens.

Rajomatic

GbpChf broke out of the channel, but there might be a possible retest of trendline and then downtrend continues.