Wheelty

Wheelty

AUDUSD broke out of the uptrend channel, and make look to fall further to 82. The pair seems to be supported at the 84 support, with weak bulls coming in. However, the bears may yet overwhelm the bulls as the fall seems to be greater overall. If considering to buy, buy with care.

Wheelty

USDJPY remains in range from 108 to 110, and structurally may look to break the 108 support. Do not attempt to short yet, but wait for the 108 to be broken before looking for entry. If not broken, we may see bulls rushing in, and we should stay cautious near the 110 resistance.

Wheelty

Overall uptrend remains valid, and the pair continues to rise (represented by the channel). Within the support range of 1.215, we see 2 candles signalling a drop in the tempo, as it may mean buyers coming in. We may see a return of the pair to 1.25 resistance; as long as the support is not broken, the uptrend continues to hold true.

Wheelty

The pair has been moving within the 108 to 114.5 range. As it nears the support, we see less strength in the candles and less momentum. If 107.5 is broken, it may fall further to 105.

Wheelty

EURUSD is observed to have been on an uptrend on the W1 timeframe. A nice pinbar/ shooting star has formed at the end of this week. The candles look to lack further momentum upwards, and may retrace back to 1.20 or even 1.17 before regaining momentum. Even with that in mind, it may not be advisable to short in the near term.

Wheelty

Trend channel seems to be have held on both the D1 and W1 timeframe. This may suggest the possible sideways movement/ fall of the pair, at least in the near term. Short with caution.

Wheelty

0.95 is a significant key support for the pair and the pair should fall to that region easily. However, the key support will be an area to watch closely as it may signal a rebound for the pair. As long as the 0.95 level continues to hold, bulls may start to charge in.

Wheelty

AUDUSD looks to test the 2 resistances at 0.77 and 0.775. Look for these levels to hold, before going short. If it breaks, we may see a return to the 0.80 region.

Wheelty

Gold is at key level 1240, and may even test 1235, going slightly below the channel before going higher. As long as both levels continue to hold, gold may rebound upwards.

Wheelty

AUDJPY surged near 85, fell for a few days and looks to retest the 0.85 level again. As long as the level continues to hold, the pair looks more likely to fall than sustain its upward movement.

Wheelty

EURUSD surged near 1.12 and looks to retest the resistance again. As long as the resistance continues to hold, the bears will come charging in, faster than the first time, possibly down to 1.10.

Wheelty

AUDUSD has been ranging since the start of June, exhibiting a similar pattern of that in Apr. The pair seems undecided in the long run, and will observe more. Meanwhile, a 150 pip range play seems to be more plausible, for now.

Wheelty

USDJPY is held for the 2nd week after an inconclusive week, which saw many dojis and shadows. The bears seems to be getting ready to charge. As long as the 112 level holds, USDJPY may be in for a fall.

Wheelty

USDJPY failed to clear the 111.5 level, with a pin bar formed. As long as the 111.5 level continues to hold, bears may return as JPY strengthens.

Wheelty

UCAD is at a key level of 1.32, where it forms a key support and resistance for the chart. As long as the level holds, UCAD may see a reversal back to 1.35. Trade safe!

Wheelty

AUDJPY has a key support at 81, which may be the signals for bulls to come in. I'm on the bull side, slightly, as long as the 81 level holds.

Wheelty

EURGBP faces the key resistance of 0.877 and 0.887 and it seeks to push higher. Secondly, a H&S will be in play once the pair fails to break the 2 resistances.

Wheelty

Repeated tests near the 5450 to 5500 area may indicate that the index may be exhausted. As the resistance continues to hold, bears may start to overrun to 5100 region.