GBPUSD has been on an uptrend after hitting 6 month low demand zone, partly due to USD weakness after FOMC statements.
Upside was limited and resisted twice at supply zone before finally breaking though, after which was followed by a retracement back down into demand zone.
Expecting to see some consolidations in the key area before further upside movement.
EURUSD has retraced all the way back into previous demand zone. Expecting price to start making upward movement especially after FOMC meeting.
First resistance point would be the supply zone at around 1.1240
XAUUSD Recently hit a top and completed first wave of retracement, followed by an ABCD up and now commencing second wave of retracement.
Expecting price to reach demand zone first and consolidate before continuing upward movement.
EURUSD Has broke through to a new highest point in recent weeks, and started retracing.
First wave of retracement has been completed and currently, expecting another wave of retracement, back into previous supply turned demand zone.
If price manages to retrace back to that level, it would be a good time to buy long at a good re entry price.
AUDJPY retraced back to previously broken symmetrical triangle, forcing an ABCD pattern. Price reached supply zone and formed couple of doji candlesticks.
Expecting price to continue previous downward trend.
EURUSD has been in a descending triangle since mid apr and price just bounced off support line this week.
Expecting one more upward movement before breaking descending triangle, creating more downward movement.
AUDNZD showing possible formation of head and shoulders.
Previously, AUDNZD showed signs of double top forming, with red rectangle being neckline of double top.
Price retested support and start falling again, forming head and shoulders.
EURUSD has been in a 5 month downward channel. Price failed to make lower lows this week and started rising again.
Waiting to see if price will bounce off downward trendline or break it and complete a double bottom.
USDJPY has been in a rising channel retracement on H4 for 1 week prior to the month long down trend.
Price failed to reach top of channel, failing to form higher highs and showing signs of a double top.
Might be the end of the retracement and price may continue falling.
Entry point would be at neckline, 109.871.