This one is again looking for a direction around the 120 level. In bigger picture, the trend is still up.
This one looks under pressure as we are very close to breaking some important upward trendlines.
No much has changed in this one. Pure heaven for range traders. However one cannot ignore the fact that this price action seems to copy itself when you look at the structure, starting from the 75.40 figure.
Even though price broke the main weekly trendline to the upside, the whole move from the lows looks "fishy" and definitely does not have an impulsive look (at least not yet). Also, it is fairly common for the market to make at least couple of false breakouts before eventually turning. All in all, if indeed this breakout turns out to be a fake move, then I'll be...
Rumours are that the RBA will cut the rates later today but as we all know, when it comes to central banks, anything is possible. Hence, I'm not interested in trading the Cash Rate annoucement and instead I'll be keeping an eye on my Area of interest. If price goes through that area, without even stopping, then most likely new lows below 0.7530 become very likely.
Thanks to EURUSD, this one is really flying to the upside but not in a way that I was hoping to see. Hence I will not stay away from the pair and wait until the FOMC is over.
Price reached the resistance zone and under normal conditions I would start looking for bearish signs but as the FOMC is ahead of us, I'll just wait until the event is over and most likely I'll wait until next week to see what happens here.
Price broke my key resistance zone and clearly it is now the main short-term support. Heading into the FOMC+ US Q1 GDP release, price is approaching the next resistance and I would keep a close eye on price action if we should reach 0.8100 area.
It could be that the price is forming a triangle here, however the price action is very bullish right now and the FOMC + Q1 GDP may invalidate the scenario very quickly. Time will tell.
We are against the resistance - that is clear but what happens next is a bit less clear. The channel holds the key. If we stay inside that channel for a longer time, then I'd say chances are that the price will simply drift lower and eventually goes towards the lows to take the stops. But if we should see a fast break out from that channel, let's say on Wednesday,...
Price broke out of the wedge but I wouldn't jump to the long side just yet. We can easily re-trace this one as it is quite obvious break. So I'll wait as until we get to the 130/131 area and then make a decision.
If the 0.7600 area holds, then I'll be looking to short this pair for more downside.
We could see a jump higher from current levels.
After the price failed at the proposed resistance, I'd say there is a good chance we'll see lower values before more significant correction. However, under current price action I would not short @ market and instead I'd use pending orders.
Not much to add here. Looking higher in bigger picture but we still have plenty of resistance areas to break before anything.
No change here. The reversal zone is holding for now and I'm still looking higher towards 1.2600
I tend to favor another leg lower and more consolidation around 1.0400 area before more significant correction.
USDCAD is droping like a rock but be aware of a possible reversal around current levels. If indeed the pair should turn here, then 1.2600 should come quickly.