Impact prior / during FOMC news
Price may bounce in between 100.75 and 99.25 with a possible retest at 100.00 before a possible further downtrend.
However, if a rejection were to fail, then a possible further downtrend downwards below the 98.00 price zone level.
As of 30/4 is the last day before the closing month, a clear bearish closure below 100 key level may...
Price basically has rejected 133.75 this week thus in the bearish mode further with the weekly close below 132.50
Look forward for a further downside towards 130 - 127.50
Price potentially on a bullish trend since remain above 1.6750 and broken the trendline as per this week.
My target is towards 1.7225 - 1.7250 with a potential further upside or a reversal at a later stage
Price is potentially moving towards bullish momentum IF the monthly closes as bullish and above 1.1625 though on weekly trend it has indicated the reversal.
I will entry long next week IF the conditions is met (closing above 1.1625 bullish candle) with the target TP at the previous high of 1.2000 with extension at 1.2250 and beyond
As long as the price remain bullish and above 147.50, it would remain towards 152.50 and above in long run.
However, if the price were to break the trendline and closes below as bearish weekly - then a further downside is possible in the future
Price has "broken" the weekly trend line and rejected key level 0.7625. Bearish momentum may have come to a stop with a bullish reversal is on going towards 0.7750 and potentially 0.8125
Price originally bullish towards 1.1750 but reversal occurs near the 1.1625 price level back towards below 1.1500.
As the monthly closes below the 1.1500 key level thus price potentially bearish mode toward 1.1250 with 2 options
1) break 1.1250 and bearish towards 1.0750
2) reject 1.1250 and bullish back towards 1.1750 and above
Price in bullish trend as it closes above 1.5000 and heading towards 1.5250
If break, potential further bullish towards 1.6250.
If reject, potential reversal bearish back towards 1.4750
Price potentially bearish towards 0.7750 before a break out or rejection may occurs.
I expect price will break above the trendline at 0.7875 for a bullish breakout towards 0.8250 and above
Price despite bullish this month, but it seen as fail to break above 112.50 for a further bullish move towards 117.50 and beyond.
My view is that the price potentially reversal bearish towards 107.50 with this 2 possibilities
1) break 107.50 towards 102.50
2) reject 107.50 and bullish back towards 112.50 and above.
Price has remain below 0.9750 for the past 3 months despite trying to break above it twice (august and september). Referring to the present Low, we could notice that the September's low has become this year low at 0.94193 which broken Y2016 low of 0.94429. Thus my idea is that the price would further bearish towards 0.9250 key level.
Price monthly despite bearish , it still fail to break previous month trend and HL where as August low was at 1.6616 whereas September at 1.17164 and the trend itself generally remain bullish.
This is supported with the price rejected 1.1750 key level with bullish momentum occurs last week.
My view is that the price will remain bullish towards 1.2250, and...
In terms of monthly, it`s clear evident that the momentum remain bearish towards a potential 0.6750.
However last 2 weeks ago - a retracement bullish from 0.7200 towards 0.7325 occurs before the present downward movement.
I`ll wait for this week to close below 0.7250 for a sell entry towards the mentioned TP with a SL around 0.7375.
