AUDUSD continues to move to the upside. Price is pausing a bit for now with potential for a pullback. The broader AUD strength suggests that price should pierce the red channel. Those of you who follow more than a handful of currencies probably noticed that the AUDNZD found a bottom and is already rebounding, targeting a bigger upside move. The AUDCAD strength was...
The DAX continues to push higher. No indicator / price divergences so far. Looking if momentum will holding up.
S&P 500 needs to push a bit higher for further uptrend confirmation.
EURGBP is trying to find a bottom. Looking for one more move to the downside before a bigger move to the upside
This morning we posted a chart of the USD/CHF (Daily) . This 20min chart should help you better understand our analysis.
Update of our EURUSD chart of this morning. We got confirmation that price is pushing higher. We can discard the blue channel for now and shift our focus to the grey (down) and green (up) channel
Intraday look at the EUR/USD. Indicator/price divergence pointing to the upside. Two strong channels to the downside.
Overall picture points to a USD/CHF rebounding further to the upside. The 240min charting looking like we might have a pause i.e some price action to the downside for this week but price should then move higher again.
Looking if support will kick in and observing how strong or shallow the rebound will be.
The 240min chart telling us there is a bit more downside. The dollar index (weekly) is also having a rebound phase (dollar strength)