This is closely linked with the EURJPY chart I published. This pair has experienced some neutral sideway action for a while but will probably continue on its bullish path soon. In the meantime, its hitting some strong support which is reiterated in the S1 fib level. Entry around the 100.177 area and potential TP 100.700 mark.
This has consolidated at a nice are of resistance and highlighted at the R1 Fib level. It is above the 55 EMA so potentially will drop before gaining more strength on the uptrend. This pair are currently in a strong uptrend so will not hold this position for too long. Potential to TP at 97430 on a previous resistance support line.
Ultimately the longterm trend is bearish however the pair is seeing divergence on the Stochastics on the hourly charts and is at the S2 on the pivot. Wouldn't stay in this for too long as you want to go with the trend however, maybe a quick buy opportunity.
Risky trade however.... AUDCAD has been in a major downtrend but recently hit a low and will in the long run no doubt bounce back. However for the time being potential to get in and out in a short trade based on price action hitting the resistance level whilst coming into touch with the trend
Very similar currency pair to the GBPUSD also show small signs of divergence on an average MACD and finding support on the down-trend line. Price action dictates the potential for a long position here but not being greedy as an inevitable bearish fightback will prevail