NZDJPY is in a range on the daily chart. We are now at the top of the range at a weekly resistance level. A sell signal here would give us an opportunity to go short.
We are waiting for a good sell signal or inside day breakout at the top of this trend line to go short on AUDUSD. If it breaks out we will look for opportunities to go long.
USDJPY is still in an uptrend on the weekly chart and we expect the market to continue higher and retest that weekly resistance level above. After seeing last Friday’s bullish candle on a higher low we will go long on this pair.
EURUSD is in a downtrend on the daily and weekly charts. Last Friday’s candle was a rejection candle (sell signal) on a lower high indicating the market wants to continue moving downwards. The only thing we don’t like is that it is a bit extended form the mean value, so it *may correct further. We will short this market. SL above high of Friday’s candle. Entry...
Big bearish rejection candle at weekly resistance level indicates that we are likely to see a reversal here for USDCHF We will short this market. Enter/ exit according to your trading plan,
AUDNZD broke down out of it's consolidation support level, and has now pulled back and given us a nice bearish rejection candle off new resistance. We will short this market. Enter/ exit according to your trading plan.
GBPCHF has broken down through a weekly support level. We are now waiting for a pull back up to the level and a sell signal to confirm that the level is acting as new resistance to go short.
USDCHF has reached a weekly resistance level and printed a reasonable sell signal indicating a probable move back down. We will consider going short next week.
GBPCAD is in a downtrend on the weekly chart. We will be looking for sell signals on lower highs to go short
GBPAUD sold off aggressively last week. We will be looking for sell signals on lower highs to go short
AUDJPY is still in a downtrend and below a major resistance zone. We will be looking for sell signals on strength at or close to the resistance zone to go short.
GBPJPY made a massive drop last week and even broke through a minor weekly level. We are likely to see a correction here and so will be looking for sell signals on lower highs to go short and target the weekly support level below.
EURJPY is in a wide range and is looking very bearish. It seems to be heading down to the range bottom. Therefore we will be looking for pullbacks to lower highs and sell signals to go short.
AUDUSD is in a downtrend and looks like it wants to pull back up to the trend line that we can see here on the daily chart. We will wait for the pull back and sell signal ideally on the trend line to go short.
GBPUSD broke out of it’s bearish flag and as we anticipated it made a big move downwards. The overall context is still very bearish on the weekly chart, as we can see a clear downtrend. We will therefore be looking for sell signals on lower highs to go short, targeting the weekly support level. If we get a strong buy signal on weekly support we will consider...
EURUSD is back in a downtrend after breaking its range consolidation and the weekly support level. Therefore we will be looking for sell signals on lower highs to go short.
We don’t normally trade this market, but this trade on EURCHF is hard to ignore. The market has rejected a major weekly swing level and se we anticipate a likely move down from here. Entry, SL and exit according to your trading plan
As we discussed in our Weekly Outlook, EURUSD is in a downtrend on the weekly chart, giving us a bearish bias on this market. Yesterday we saw a bearish candle being printed rejecting a resistance level. We therefore think it is likely that there will be a continuation of this downward move. Enter and exit according to your trading plan.