EURUSD seems to be ready to say hello to 1.15 inside a daily channel.
Currently we analyze Bitcoin, Ethereum and Litecoin in H1/H4 with almost 20% growth per day so... I guess it is better invest in long term... no ? 1 year or 5 years then JACKPOT !
We identified in a previous review the breakout of a short term rising wedge. Now the pair is reaching the support of the long term rising wedge at 1.5300. Difficult to know how EURAUD will react so it remains under surveillance.
GBPUSD is in a long term uptrend. The last full green candlestick seems tell us that the pair wants continuing its slow run until 1.3800.
GBPNZD is about to end a long rally started in august. The pair made a fake breakout of the top line of the long-term channel until 1.9850. Now it has reintegrated the channel and seems to have broken the low line of the medium-term channel as you can see on the chart. The spot could be interesting for a long term swing trade until 1.81-1.8200.
The pair is at crossroads. Breakout or not that is the question ?
EURAUD is evolving inside a rising wedge daily and just broke the lower trend line of another rising wedge H4. We are short on the pair at least until the lower trendline of the daily rising wedge.
The pair has reacted on its support at 0.8700. EURGBP will try now to reach the resistance at 0.8980. This setup reinforce the possible medium-term reversal on the pound.
GBPAUD is at a crossroads. In fact the pair could breakout the support level at 1.7600. Rebound or breakdown ? We will get the answer very soon.
The setup let us think that a bearish wave is taking place. We bet on a short on this pair but it could take much time to go down.
According to the uptrend range, here are the potential entry areas to initiate a short or long trade on BTCUSD.
GBPAUD is in a short-term correction with a target around 1.7680-1.7640. The logic tells us to expect a rebound in this area to reach 1.80. However, it would not be a surprise to see a bigger decrease if prices were seen below 1.7600. In this case we could reach 1.74 then 1.72. All trades related to this review are reserved to supersignalfx members
The setup is perfect to go long on AUDUSD. Around 0.75-0.7550 we can aim at the target 0.80 and maybe more with patience. This setup could be closely related to our previous review on EURAUD which is in a rising wedge. To avoid risk, we can take a tight stop loss around 0.7450. However, FOMC this week could give a new impulse to USD which could lead the pair lower.
In our previous review we expected a rebound around 1.93-9350. Apparently, the pair doesn't agree with it. We still have an active order with a stop at 1.9220 but in case we place a new pending order at 1.9170 with 80 pips stop loss. TP at 1.95. This is our last try to find an entry point to go long on the pair. Below 1.91 the pair should becomes bearish medium-term.
ETHUSD is inside a horizontal range between 400.00 and 475.00. A breakout of one of these key levels could give a medium-term orientation but we think that the pair remains bullish so we bet on a breakout of 475.00 which could lead the pair to 550.00 soon.
113.00 is being broken. Next level is 114.30.
I think CADJPY will wake up according to a beautiful green candlestick following a red one with long lower shadow.
EURNZD is in a very short-term range between 1.71 and 1.7270. Beyond these points we will go long above 1.72 or waiting rebound or breakout on medium-term uptrend line aroud 1.70. This pair remains under surveillance. All trades related to this review are reserved to supersignalfx members.