Would like to see a pullback on this pair before the continuation higher to 93-95 and beyond long term
*Fairly bullish RSI of 60.82 at close but lost momentum
*Bullish but inverted hammer with large wick on daily time frame close
*Pound is likely to get hammered as it looks like there will be a hard deal brexit
Would like to see a retracement to areas of 74.00-73500 on the high RSI, before the continuation higher.
*Strong inverted hammer candle after taking out liquidity on daily tf
*Oversold on the RSI at 74.20
*Capital imbalance between wick points 75.195 and 74.848 (short term sell opportunity!)
*General weakness in the US Dollar; investors generally taking on...
I am expecting USDJPY to buy from 105.350 level and head toward 106.500-107.00 which is the key area to watch. Break and hold above 107 could open up further potential for a trend change where 108.00 will be targeted. If 106.500 fails, I would expect some consolidation depending on the dollar.
I am expecting USDZAR to break out of its descending wedge formation as a bullish flag and is also oversold on the RSI . US Dollar Index also has an inverse head and shoulders patterns indicating further dollar strength this coming week.
Watch the price action at 17.27500 London open
This week I am expecting price to sell from the 1980 region as a correction to the long term bullish trend . As per the chart we can see a triple top, and technical indicators suggest that a big correction is long over-due. If no extra stimulus packages are announced, I would target 1900 on the H4 time-frame with a potential to go as far as 1850. At this level,...
Price has been in a bullish uptrend channel for a while and remains within. Currently in range between 1795 and 1815. I am expecting price to continue to rise long term towards 1850 with 1830 as a first target.
However in order for this to continue, we need to see a retracement back down to as far as 1760 level or the 50 day EMA before this move continues....
Potential long-term sell opportunity on this pair, strong bearish pattern currently selling from resistance zone at 1.71. I am expecting price to action a re-test at 1.685 and reject on H4 and daily time frames, to continue bearish movement long-term. If 1.67845 key level is broken in the short-term, there is a strong likelihood that we can expect price to...
I am expecting price to sell and continue downward momentum long term with potential re-test at 1.81436 on H4 time frame. 1.78 is targeted which should act as relatively strong support for price. Technical indicators also support this theory.
I am expecting price to continue to sell this week with 1.11 targeted with clear downtrend pattern. Potentially a re-test to 1.123 before continuation of downtrend, but overall this is looking bearish to me. If breaks 1.11, could continue to sell further to 1.10 depending on USD strength
I am expecting price to sell H4 time frame. Price currently in range of 106.5-107.5, if price to break nearest support of range at 106.650, price to continue downwards trend towards 106+ with target of 105.
I am expecting AUDUSD to continue bullish momentum on further USD weakness from new and strong support level 0.68. If price again breaks the 0.69 level as a short term resistance zone, I expect price to continue to rally towards the major resistance zone of 0.70 as has been seen previously. If price manages to hold above this key level, I see this pair as a longer...
I am expecting price to sell with a test at 1.21. Brexit negotiations take place this week and a missing of the 2nd June deadline is likely to weigh heavily on the currency. However, if there is an additional green candle above the 1.235 level, likely to break into a buy with a target of 1.25.
After a very good week for the Euro, price is around key point of resistance at 1.115. I am expecting price to retrace back to strong support of 1.10. If it breaks this, falling wedge expected.
However, if price smashes the 1.115 level we are likely to see a swift continuation of the uptrend we have seen over the last week.
It will be important to watch the...
Price currently in an overall downtrend momentum towards support point at 1.080. Short term support also at 1.088, if price is to break this support and daily low of 1.087, price to continue in a downtrend towards the 1.080 area H1 time frame.
Unlikely but possible reversal to a buy at 1.0919 as previous position of support.
Short term analysis - Temporary support zone at 21600. Most likely scenario price to break the support zone and continue downtrend towards 1.20797. Alternative scenario price to break daily high resistance at 21910 to reverse towards a buy direction.