Wheelty

Wheelty Updated 

Price has been rejected at key resistance zone of 0.76 to 0.775. We see a nice shooting star formed at the weekly timeframe, again. As long as the resistance zone holds, price may break down to 0.71 area

Wheelty Updated 

The support area 1.22 has supported the pair twice at the daily timeframe. If the level continues to hold, it will be likely a short bull run to 1.24 area again.

Wheelty Updated 

The pair has been on a strong uptrend since May 16 and in the near term, is still looking strong. The presence of a reversal candle on Friday may indicate that the pair may resume its uptrend.

Wheelty

A series of lower highs, although supported near 1.068, may indicate a weakness in this pair. As the trend still stays true, the pair's key support may be broken in the near term.

Wheelty

A minor adjustment in the trend channel from last week. The resistance level at 1.06 have held, resulting in a bear candle on Friday. The bear candle supports the trend plus the resistance. While the pair may show signs of weakness, watch for the key support at 1.038 to 1.04 area.

Wheelty

Expecting the 0.87 level to be retested and held. If it holds, the H&S would be in formation, signalling further weakness in the pair.

Wheelty

Expecting the 0.715 level to hold for the short term upside. However, with the strengthening USD plus downside channel, we can expect the pair to resume downtrend.

Wheelty

The pair has stuck to the falling trend channel thus far, and even with the Friday's spike, looks to continue within the falling trend. We can possibly expect the pair to test the 1.06 resistance region again before falling.

Wheelty

USD Downside has been sluggish and exhibited a similar sluggish pattern in early Dec. The slow downside is usually followed by a big USD move upwards. With NFP incoming, we can expect the USD to start pricing in the upmove on Monday.

Wheelty

GBP near the support 1.234, which may be tested. The GBP is also moving well within the channel, which is a secondary reason for seeing a bounce off.

Wheelty

EURGBP has failed to break support in the course of the week. The 0.835 support seems to be holding well and that might mean the bulls may be laying in wait.

Wheelty

BoJ's policy announcement (last for the year) may see USDJPY fall momentarily before resuming its strong uptrend. No reason for bearish sentiment for the USD, now that the Fed has raised rates and is hawkish about their stance next year.

Wheelty

NZDCAD looks set to test 0.934 and a trend channel. If both holds, the pair is likely to resume the uptrend.

Wheelty

1.045 and 1.055 remain to be broken for more bears to come in. However, if the levels hold, we can expect bulls to come in on the pair.

Wheelty

Nice little shooting star near the 0.76 resistance. Pair looks exhausted to test the resistance again.

Wheelty

Price was resisted again at 1.017 level with Friday's candle forming a nice little shooting star. Expect the pair to test the resistance and possibly near 1.025. If the 1.017 continues to hold, there may be a chance for bears to come in.

Wheelty

AUDNZD is expected to fall within the trend and challenge the 1.034 support. The pair seems to have more bulls waiting at that level.

Wheelty

AU200 looks to be held by the 5500 resistance and may look to fall in the near term. However, the fall is likely to be reversed quickly by the strong economic and commodity movement.