Here is my previous call on GJ. I think it is time to visit the highs again.
The move on stocks on Thu and Fri has not reflected into this highly correlated pair yet.
This is what I think for NZDCAD .
Also here is my outlook for the currencies in the coming week,
AUD - Bullish
NZD - Bullish
EUR - Bullish
CAD - Bearish
Very similar set up as the GBPJPY posted yesterday. Yen is about to bounce and there is a price divergence on weighted average EUR
Here is a good shorting opportunity for EURCAD. GBPCAD also looks good short too.
A classic channel rotation on GBPJPY with GBP weighted average being reached a key resistance level.
Bearish on Sterling
I think this should be a fake breakout for GBPUSD. Mainly because of the weighted average GBP has reached a key resistance level. I will post it later if this trade turns out to be successful
The overall long term trend is Bearish and this would be a good short trade too.
Here is what I think for NZDUSD. Pretty much similar to AUDUSD. A bit of retracement before falling lower
I do not think AUDUSD can break the rising trend line in the first go. Most likely it would consolidate between the EMAs on D1 and the rising trend line for a while to get some momentum before breaking the support.
This pair has reached two key support levels. Falling trendline and yesterday's low.
Here is price divergence for AUDNZD and it is inline with most AUD pairs being oversold and NZD pairs overbought
Not the best risk to reward ratio but EURCAD is a very short pair in any TF.
On Daily this pair has reached a group of EMAs too.
Here is a 2 to 1 rr for EURJPY. It is like a double top on a shorter TF
Previously GBPCHF hit its target as you can see in related ideas. The overall trend is bullish but here is a short-term retracement.
Here is a reasonably good trading opportunity for a fairly good RR for EURUSD
The overall trend on the longer TF is bullish plus the fake breakout of the lows