TheShredded_FX_Trader

TheShredded_FX_Trader

EURNZD - 2hour timeframe: 1- Broken ascending channel, 3- Bearish corrective structure, 3- Divergence, . Price broke out of an ascending channel and it's currently making a bearish corrective structure, . Price is showing Divergence in the MACD which indicates a possible reversal in the direction of the trend, . We will be waiting for a break out of the bearish...

TheShredded_FX_Trader

CADJPY has reversed from an ascending trendline and off the weekly support zone. Price is also showing divergence on the MACD and has the potential to trade towards the weekly resistance zone area before continuing to the downside.

TheShredded_FX_Trader

Dollar index has broken trendline support and bounced off the support level 96.40 One could expect a retest to 96.63 level before further downside momentum towards 96.00

TheShredded_FX_Trader

EURCAD is trading near resistance on the bearish channel. A 4hr close below the channel trend level could see further downside in this currency pair. On the flip side, a break and full candle close above resistance will see bullish momentum continue

TheShredded_FX_Trader

EURSD failed to continue higher yesterday and produced a bearish engulfing candle on the daily frame. A small retest of the support now resistance on 4HR time and the bears should come back into play creating a LL

TheShredded_FX_Trader

Gold has broken the 4 HR trendline and looks to continue its bullish momentum from the bottom of the bullish flag.

TheShredded_FX_Trader

Cable, has been trading in a bearish channel and has just made its 2nd leg of its wave which coincides with 38 Fibb retracement level. We should expect price to move to the downside of the bearish channel to complete wave 2-3

TheShredded_FX_Trader

EURO has been under pressure this week and here we have a bearish wedge on a strong support level. A break and 50%close below support will see further downside momentum. On the fplip side a break to the upside of the triangle will see a short term rally to resistance.

TheShredded_FX_Trader

GBPJPY Retraced back to the 61 Fibb, failed to break resistance even on the retest and it look possible for the bearish trend to continue.

TheShredded_FX_Trader

XAUUSD has now formed a bullish pennant after breaking out of the bearish trend last week. What we will see is either a clear break of the pattern to the upside or alternatively a another push to the downside to support level and then further upside.

TheShredded_FX_Trader

After two bullish weeks, it seems as if NZDCAD has found resistance at the weekly level. A small correction to the Fibb levels before a 3rd try and breaking that weekly resistance level

TheShredded_FX_Trader

NZDUSD is trading at resistance within a bearish channel. A daily close will see this push lower to support and possibly break to push the lower boundaries of the bearish channel.

TheShredded_FX_Trader

EURJPY Short short based on the break of the channel after the impulsive move over the last couple weeks. We have had a retest of the broken diagonal support level and now one would expect further downside to the 23 Fibb retracement level.