#AUDCAD has broken an ascending trend line and fallen, creating a new lower low. If price can reject my zone, I will be looking for long-term selloffs. The potential sell target price is 0.91000
If price breaks the zone to the upside, a re-evaluation will need to be done. But, until then, sells are looking like the best option.
GBPNZD has printed a bearish rejection candle. There seems to be a slowdown in volatility. If price can break this trend line and retest it we will see price take back down to the previous low at 1.84000. If price continues its bullish momentum, price can potentially push up into the next zone between 1.97000- 1.98000.
AUDUSD – Last week the market had bearish movement. The weekly candle closed as a bearish rejection candle. 0.75000 was met as stated last week in SLFX Trading members weekly trade journal. We are not back at the estimation zone. This is the 4th attempt to break this area and price is still making lower lows and lower highs. A break of this zone can lead us down...
GBPNZD Price has rejected the estimation zone again for the seventh time. From here we can see price push down to the trend line around 1.92000. A break of the trend line and we are pushing down lower back into 1.90000. Further bearish momentum and price can potentially decrease to 1.86000.
AUDUSD – The Weekly following the monthly candle is closing as a doji. Price is moving sides ways. The last 3 weeks have closed as dojis. We still need to keep in mind this pair is bearish. If price breaks the trend line to the upside, we could see possible bullish movement. However, a further rejection to the current can lead price back down to the previous...
EURUSD monthly candle closed bearish following last month’s bearish candle. This pair is still proving to be very bearish. Further bearish momentum could lead price lower down to 1.12000. If a pullback were to occur for bullish momentum, price could push up to 1.37500.
EURJPY – Price on the monthly is closing as a monthly bearish engulfing. However, price needs to break the yellow zone before bearish momentum is seen. Bullish momentum from this area, we could possibly see price push up into the upward blue zone.
Buy Bias: A break above 125.000 could push up to 126.250
Sell Bias: A break below 124.000 could push price down to 122.000
AUDUSD – The monthly candle is closing as a doji. Price is ranging between 0.74000 and 0.70000. We need a more confirmed breakout to see the next leg of movement. We still need to keep in mind this pair is bearish. However, we are at an area price has wicked at before as seen the left. The doji at the monthly zone could indicate that price could see bullish...
Per the 4-hour time frame price is consolidating right now. It is important to note that per the 4-hour time frame, price has made a higher high and is now consolidation. If price breaks out to the upside, the trend line is the next target for a third touch. If it breaks to the downside, the bottom trend line can be met just as well.
AUDNZD is making a series of lower lows and lower highs. This week I’ll be looking to see if the price can break the bottom blue trading zone. This zone acts as a support barrier. If the price can break and retest it, the sell will be valid. The 1.03000 price level the next target area. The only time a buy will be in order is if price breaks the trend line.
Hello traders. EURJPY has been consolidating this whole week. We have finally gotten a breakout, but we need more confirmation before entering into the market. What we want to be careful about right now is avoiding a false breakout. So, following the bullish candle from Friday, let us see if this week we will see some follow through.
Learn more at www.deslfx.com...
USDJPY is still in consolidation. It just rejected the resistance trendline for the 4th time and is now again at the support trendline. Question is, where can price head to now? If it breaks this consolidation point we can see a bullish move back up into the previous highs at 114.500 or we can see bearish movement back down into the previous lows at 113.000
USDJPY HAS RECENTLY TESTED AN AREA WHERE PRICE TESTED MULTIPLE TIMES IN 2017. I HAVE TWO BIAS ON THIS PAIR.
PRICE IS IN AN UPTREND ON THE DAILY TIME FRAME. EITHER PRICE WILL CONTINUE UP TO MY FIBONACCI TARGET AT THE -27%
OR PRICE WILL BREAK THE UPWARD CHANNEL, RETEST IT, AND THEN CONTINUE DOWN TO PREVIOUS SUPPORT.
WATCH MY VIDEO ANALYSIS ON THIS PAIR YOUTUBE:...
Recently, price rejected 113.00 and fell down to 111.500.
Price now rest upon this price point. Will price push higher back up to 113.000 or will price continue down to 111.000?
A break below 111.500 can send price back down to 111.000.
A push higher can send price back up to 112.000 before 113.000 is seen again.
Price sold down to since last EURAUD trade idea.
Price is sitting at a support level 1.60500.
A break below can lead price down to 1.58500.
A push higher can lead price back to 1.62250
Price is sitting at a critical area at the moment. A nice break of this level can lead price down alot lower, possibly back into the support trendline. If price proceeds higher, the next resistance area will be the key target.