forexrockz

forexrockz

Refer to chart

forexrockz

Refer to chart

forexrockz

Refer to chart

forexrockz

Refer to chart

forexrockz

Refer to chart for justifications

forexrockz

This is a pullback on the weekly timeframe, so it could last anywhere between 4-8 days. Refer to chart for explanations

forexrockz

My guess as good as any

forexrockz

Quite remarkable how the NZDUSD has had a bullish run for almost 30 days straight! There are no signs of it stopping, so will this be the break of the weekly trendline? Or could there be a minor pullback before finally breaking through? To be honest, I'm on the side with this one

forexrockz

After a good 30 min of analysis I have deduced that at least for the next week or two, USDCAD is bearish There may be a break in the trend and then a subsequent retest before continuing down

forexrockz

Alot of people have a bearish outlook which is definitely possible, but in my opinion there will be a short term pullback for 1-2 days and then a bullish break for the reasons stated below: - If we look at the Daily bollinger bands (not in my chart) then we will see that price is in the upper band indicating momentum upwards - On the weekly chart, we had two pin...

forexrockz

Refer to chart

forexrockz

Refer to chart

forexrockz

Last 2 weeks the GBPJPY has been going down, but expecting a change in trend now

forexrockz

So although the price jumped, after the FOMC statement my outlook is bearish for the week

forexrockz

- Reached upper channel resistance - Daily bearish engulfing candle - Currently in a pullback and good to short

forexrockz

So we can see price is restricted by the channel and also the 38.2 fib level alongside resistance. There is also a bearish engulfing candle that indicates possible downside momentum. Look for break and sell after retest

forexrockz

This week may only play out as the rally - price will tell. The deciding factor of when to sell will be based on price action at specific resistance levels

forexrockz

1) Broken support 2) Expecting retracement to 38.2 fib level 3) Confluence is also the short term trend line 4) Retest of resistance 5) Price below 200 SMA therefore bearish