AUDCAD possible reversal to the up.
Waiting for confirmation to long.
Idea is negated if AUDCAD print expanding flag and continue to the downward, in this case a sell setup will be printed (see comments).
EURNZD is setting up an ABC flag for the next leg upward.
This is already its third attempt to break resistance level,
If EURNZD succeeds to go through 1.68 level,
then my target for the long position is 1.693.
My big view on CHFJPY as follow:
CHFJPY is currently printing a weekly corrective wave B.
I can't claim that the B wave is over, only if it's makes a new weekly low to break the A wave low then I will be able to say that the B wave is more likely is over.
But, as I can see from the weekly chart, the PA is bouncing around the resistance zone (RZ), so I...
USDCAD is keeping its move inside the downward channel , but RSI showed divergence on the daily chart .
USDCAD can print one more drop to 1.222 level, however, divergence on the RSI is hinting at possible reversal at current price.
DXY is at the 91.60 level, it is February 2021 maximum.
At this level I am expecting the price to reverse.
Watch the PA at the resistance zone:
- if the resistance level is violated and the price starts to consolidate for more down move, then this idea is negated.
- If the price breaks the resistance zone sharply and reverses immediately, then I...