Waiting for the break to confirm bullish momentum for this pair.
With very weak euro pair, it is struggling for this pair to maintain support. We would love to see it break the descending trendline to indicate its bullish momentum.
After it form bullish engulfing in major trendline and fib level. It is expected to continue its bulllish momentum.
Currently in major trendline. Still bias bullish as it is forming a bullish triangle pattern.
Bullish rejection candle forming in major trendline and support area.
After a confirmation of the break on the rising wedge, we have secured already our sell position on this pair. Expecting a retest for a further bearish movement for this pair.
Referring to our previous analysis. It had rejected the key level indicated and out of the rising wedge pattern. Waiting for a 4 hour close candle. It will indicate a further bearish movement for this pair.
Currently retesting the major trendline of the weekly timeframe, and forming rising wedge pattern. A break of the pattern will indicate bearihs momentum to confirm its movement.
After bearish momentum, it is expected that this pair still move in a bearish momentum. Currently forming a triple top pattern.
A retest of the previous break in the major trendline and fib level. Waiting for a bearish rejection on this key level.
retesting the current break with bearish rejection.
Currently in a sell position with stoploss at the nearest high for this pair. Confluence with Nzd and Aud pair which shows strong bullish momentum. Currently retesting a break of the major trendline for a bearish bias for this pair.
Currently in a major key level, looking for a strong break of the recent high to confirm its bullish momentum for this pair. A break low would indicate a long term bearish bias for this pair.
Overall we are still bias on being bullish on this pair. But it is closing to a very strong resistance area with confluence. We will be monitoring closely on any retracement for buy position for this pair.
After a strong rejection of the key level, it is expected that it will break the descending trendline to test the major trendline.
Currently forming bullish flag pattern. Looking for any bullish rejection.
Currently forming bullish flag. Looking for a long term bullish movement for this pair.
Waiting for a rejection in the zone. Preferably a break of the descending trendline.