EURUSD have been rallying sharply over the past few days - Seeing the narrow range price action and momentum weakness across the short term time frames, there is a scope for this market to drop towards the multi sessions uptrend line.
Trade Safe and good luck.
There have been divergence activity going on over the daily time frames and momentum is developing as well. Price action have been quite steady in the past few sessions trading within a bullish channel.
At the moment price is trading in a narrow range, expecting the consolidation to continue a bit pushing the price towards prior broken highs which looks a good...
CADJPY have been trading within multi-sessions bullish channel, so far price almost reached the top of the channel, as we have an important release about CAD unemployment figures today, i am seeing the scope for a breakout of this channel, expecting the price can test 81.90+.
However this is a short term picture, though overall the momentum on the bigger time...
EURUSD just been breaking up the bearish trend line - There have been divergence playing out on the daily time frame, expecting this market to test 1.1264 and potentially 1.1324 over the coming days.
Trade safe and good luck!
EURUSD is quite choppy on the higher time frames form past couple of weeks, just been trading in a narrow range.
Seeing convergence on the higher time frames with losing momentum all along, expecting the market to test 1.1135 handle and bounce thereafter.
Following hidden divergence on higher time frames, USDJPY fell sharply past few sessions, looking ahead, momentum on this market is negative which adds into the view so its likely to be testing the prior lows around 110.80 zone.
EURUSD fell sharply past week, expecting this market to test the prior lows, at the moment it is under correction phase, looking to short this market once it tests the top of the expanding channel.
EURUSD price action have been trading in a quite narrow range, price has almost reached the prior lows where I see convergence developing.
Looking 1.1176 a good area to build long positions with a 50 pips stop, targeting 1.1338 area.
EURUSD have been testing the bearish trend line, though there have been bullish convergence on the daily time frame.
We got Feds rates decision tomorrow which could move this market. For now expecting a short term correction here - market may fell sharply on the news and bounce, so watch the 1.1280 area for building long positions on this market.
EURUSD have been quite choppier over the past couple of weeks, price action have been trading in a narrow range.
Looking at the USD currency Index, there is a head & shoulder pattern setting up, which is in line with EURUSD macro view. Overall momentum on higher time frames is developing on this market. I am looking for a double bottom around 1.1280 area to...
Past week I was looking this market to test the downtrend line, It went almost close to there and fell out, so far this market is making marginal lows.
Short term & medium term momentum is weaker which is a good supporting evidence. I am looking for a short term pullback to execute shorts here.
EURUSD have been quite choppier over the past few days, So far its just holding the up trend line. Chances are that it is likely to break the resistance area and test the downtrend line around 1.1459 area.
Short term momentum is positive supporting the view while the higher time frames momentum is developing, so watch this market out for break out to get...
In my previous analysis I mentioned watch the top for a possible short, So Price action tested the top of the expanding channel, tried breaking out but failed, leaving a double top here.
It has broken down the trend line so I am executing my shorts here.
Seeing a low risk trade opportunity as we have an ABC corrective pattern developing on 30 minutes chart, expecting a sharp move setting up towards 1.1280 area. As short term momentum is weakening, wait for the market to break the trend line and closing below it to trigger shorts.
Looking at the lower time frames USDCHF is making new lows and lower highs, so far price has reached mutli-sessions downtrend line where I see hidden divergence, there are possible 2 cases here,
Market may fell and makes a double bottom and then carries on testing prior highs, so in this case execute trade once it breaks the trend...