nzdusd has been in an uptrend since March, it has now broken the uptrend and we've seen a pullback to the daily 20 EMA.
I expect this pair to now drop and over the coming week or two price to test the 0.5 fib region
since 18th march we have been in an uptrend, however price has since broke that long uptrend and pulled all the way down to a weekly support. I now expect some correction and a pullback to the 72.500 region (possible short buy opportunity). IF price rejects this pullback region, we can expect a drop to the weekly support (tp1). If price rallys and...
you can see price has created a inverted head and shoulder patter which is a reversal pattern after a bearish downtrend since March.
as you can see price is at the top of the bollingerbands which is also another confluence of a pullback, but i expect a pullback to the weekly support which is also the neckline of the inverted head and shoulders...
usd/jpy has broken through a resistance which has now turned support. I expect price to now retest the resistance turned support. Lets see what hand price action shows us - If it retests the area and rejects, we can expect price to go bullish to next resistance level
price has been ranging between 1.19000 and 1.17000 since july as highlighted above.
Price has now broken out of the range, I expect a pullback to re-test the 1.17100 region. If price rejects this zone, you can expect price to then go bearish to the 0.382 daily fib region. Price may even go to a significant level which is also the 0.5 fib
price has broke the uptrend that is has been in since March. However, there has not been a pullback yet since breaking the trendline - await a pullback to the daily key area and a rejection to go short.
If price does reject the key area highlighted in the daily timeframe, the monthly support would be a nice area to aim for which also is near the 0.5...
Price is currently at monthly support since being in bearish movement since 1st Sep. I expect a pullback now to the 0.618 fib region, which is also the 4H 200 ema as a added confluence
lets see what price action does
as we can see gbpnzd has been in a downtrend since 20th august. It is now approaching a nice daily support region, not to mention making a possible triple bottom? We can see this is an impulsive move, so should expect some correction.
if it rejects this daily support and we see engulfing candle, we can expect price to rally back upto weekly support...
As you can see on the 4H chart, price has now broken the uptrend and retested and rejected. It has been in an uptrend in 19th March, I know expect this pair after breaking the trend to continue down until the next support region which is 72.850 which will also be heading towards the 200 SMMA as another confluence.
If you look on the daily timeframe,...
We can see GBPJPY has been in a uptrend since 30th June. I expect price to push higher to the next key resistance level which is around 136ish region, possibly the 0.618 fib region (136.8) before a possible reversal?
If we drop down to the 1H time frame, we can see its found resistance now turned support and respected it which also is the 4H...
We can see NZDUSD rejected the 3D downtrend which also corresponds with a nice resistance area marked in (gold) on the 4H. A good indication to a potential sell.. However we got a uptrend on the 4H what needs to be broken and retested before potentially going short.
But after the rejection of both the 3D downtrend and resistance area, not to...
Here is the audnzd 4h chart and we can see its creating a bullish falling wedge pattern what would indicate a potential long if break out, retest then engulfing candle (Scenario 1) -
Im leaning towards a long on this pair = (I am already in a buy position on this pair: 1.06000 Entry - Take profit 1.07000 - Stop loss 1.05500) 1:2 RRR
But it all...
As we can see nzdusd has been in a uptrend since 23/24th March - we can see it is now approaching a key resistance zone. It last tested this region is June 2019 in which it dropped. If it fails to break this area again in 2020, retraces then retests the resistance but the buyers fail to push price higher..We could see a nice sell opportunity as this...
We have seen overall AUDUSD has been in a downtrend since 2013. However, 10th March, shown us a impulsive move to the downside more than normal. But using the fib tool we can see that impulsive downward movement has been corrected an it has retraced to the 1.0 region and reached key resistance levels now. (As shown below on 1D timeframe:...
As we can see in price action on the 1H timeframe, its broken out of the downtrend. I now expect a retest of this market structure break which will also co-inside with the bolliner bands pullback to the 20ema region. I respect of this break would then lead me to be looking for longs to previous highs of 1.25500. This is also a great area as its the...
Here we see since 18th May eur/usd has started its bullish movement on the 4H timeframe, its currently touching the 0.382 pull back fib retracement. Its also approaching a area of great resistance turned support. If this support holds i expect price to rise to 1.14.
However, that being said, if it breaks the current support and then becomes...