dglen7

dglen7

NZDUSD has bounced off the daily resistance today, just waiting on the day to close out before being sure of its movements.

dglen7

gbpjpy is struggling to break through daily resistance, wait for a bounce before buying in.

dglen7 Updated 

EURUSD has just broken out of the channel it has been caught in for the last couple of days in a strong way, I am waiting for the retest of the trend line and to bounce back up from there.

dglen7

uj is coming to the squeeze and is in a very weak position, so I am looking into short positions down to one of these two fib lines.

dglen7 Updated 

keep an eye out for the breakout to the downside for a break of the initial channel, if this does happen I would be more leaning towards opening short position. please test with your own strategies, and not completely rely on my opinions.

dglen7

Possible head and shoulder formation forming on AUDUSD watch for the retracement.

dglen7

heres an updated image of my last Gold chart to show supports more clearly

dglen7

On the daily chart a head and shoulder could well be forming

dglen7

gold is coming up to a fairly strong trend line in the 4 hour time frame and in my opinion will retrace to the 1195 position before it makes its next move up to the 1230 area. will wait until after retracement to open more long.

dglen7 Updated 

AUDUSD has had a clear breakout of trend line on daily charts and is currently on the verge to break through first resistance, if successful, the next major resistance is 0.7659 or 0.7794 please remember to take own strategies into your trades to confirm.

dglen7

NZDUSD is heading towards the end of wave 5 in a bearish butterfly pattern which will be a good time to short.

dglen7 Updated 

For the last few days gold has been caught in an upward trend, and recently has been coming to a point, so there is a strong chance it is going to break through the top side and get to the 12xx area