Bullish continuation on NATGASUSD:
- Price broke above a major weekly level and came back to retest/reject it
- Price rejected the 0.382 Fib level
- Bullish engulfing candle
Bearish reversal on USDNOK:
- Price rejected a major weekly resistance level.
- Price broke out of the ascending trend line on the 4H chart.
- Bearish engulfing candle.
Bearish reversal for GBPNZD:
- Price broke out of the 4H ascending trendline
- Price broke and rejected the previous support level
- Bearish engulfing candle on the 4H chart
Bullish continuation on USDCNH:
- Trend line rejection.
- 0.50 Fib level rejection.
- Break and retest of daily resistance level.
- US Non-Farm Payrolls are more than good enough.
- The Fed's unwillingness to cut interest rates has been confirmed.
Bearish continuation on XAUUSD (GOLD):
- Hawkish fed tone is bearish for gold.
- Price broke below a major support level and pulled back to retest it.
- Price tested and rejected the 0.5 Fib level.
