AUDCHF has retraced 61.8 from swing high to swing low, 4 hour shooting star at confluence and resistance zone with bearish candle confirming the shooting star formation. Entry, SL and target as shown in the chart
Gold could be in for further movement to the downside as it's currently consolidating and forming a triangle. With the current trend being bearish I expect it to break out to the downside. Based on the 1hr this would be an intraday trade if taken. I am still short from 1250
GBPJPY is showing weakness having failed to take the 38.2 of the recent drop and has also made a lower low and now possibly a lower high. Taking the fib extensions we can see a possible target at the 127 extension. Whether price will get there or not only time can tell but there are multiple take profit targets ...
USDCHF looks poised to breakout either to the downside or upside, the trend overall is bullish, but price has failed to reclaim resistance turned support turned resistance now. Breakout is potentially more likely to the downside.
In continuation with the current downtrend, entry would be at resistance line and 50% fib of recent down move. 50pip stop and 80 pip target 1 and 135 pips in extension which is also the top of the recent breakout range
EURCAD has posted a bullish engulfing candle on the weekly chart, bouncing from weekly support and inbetween the 38.2 and 50% retracement level. I would look for a retracement of last weeks move to enter long, with stop below last weeks low and targets being around the 1.47 mark then 1.52 in extension
EURAUD could see a 50% retracement of the recent August high to September low. I will be looking for bearish price action at this level for a continuation of the bearish trend with possible targets at the 1.27 extension.
EURCAD is sitting at major support right now and could go either way, RSI is showing positive divergence but the trend is clearly down. I would wait for bullish PA here or a break then re-test of support turning into resistance. Targets to the downside would be the 1.27 and 1.618 extensions. Upside targets would be ...
EURNZD coming to resistance level and confluence of fib levels, good RR around this area as well. NZD has weakened due to expected pause in rake hikes and low dairy prices. However I expect NZD to out perform against EUR based on difference in CB policy and technically it's a good trade IMO