Currently in a Uptrend Bullish flag 3 levels of rise Price is respecting 0.90185 level Currently Consolidating on Daily Time Frame
According to my analysis GBPJPY is currently in a down trend and it may continue to sell towards the pink trendline for a break and re-test. Shortly after that process, It may retrace upward to form W formation, which might create a higher-higher and change the trend to up trend. Please feel free to leave a like and comment on my analysis. Please don't forget to...
Currently DXY is in a Down trend, it looks like it's headed towards the daily low. Once DXY hits the daily low or Support level, it may form a retracement to bounce back up to test the pink trendline, unless if fx news changes the route of DXY. This analysis was done by a 15 year old trader, please leave a like, comment, on my analysis for any improvements ...
I'm expecting all currency pairs that are correlated with USD to do the same thing, but just at different times. And the key factor here is that price will go towards the trendline for a test and reverse to form a W formation.
Price will retrace towards the pink trendline for a test and break, and then buy towards the Resistance Level 0.66523 for a break in structure.
Price might retrace towards the support level 0.70720 to form a double bottom and then bounce up towards the trendline for a test and break.
I'm expecting price to go up a little more and SELL towards support zone after a break in structure. Price could keep going up if news impact is high on USD. Looking at the bigger picture price looks like it's going to form a M formation.
NZDUSD is currently in a bullish trend. I'm expecting price to test weekly resistance again and then drop towards my trend line to test and form a M formation.
Price is currently in Expansion phase, I'm expecting price to break that range it's currently in and follow my arrow.
GU Daily analysis for next week. Price will test and retrace on the second support zone and go towards trendline or Top BB. But since there's news this up-coming week on both GBP and USD price could potential drop and break the second support zone.
Price might test the bottom trendline and bounce back up to the upper trendline to make a new higher-high. Both of the trendline above are used to form a channel or a range where price will tend to flow.