We are expecting a reversal on NZDCAD with the current price action ongoing. Price struggles to break the 92200 resistance forming a conclusive double top while the RSI signals a bearish divergence.
Still Waiting for a Momentun to the downside for us enter a Short Trade.
GBPCAD bounce from a Major Level of Daily Structure around 1.72400. This is a good oppurtunity to a Short Trade at a Lower Time frame preferably at the 4 hour time frame where you can see a break of structure. Also RSI showing a valid Trend line Resistance.
Price retest the previous major level of structure at 0.99740 - Price did not retrace deeper considering 1.00500 is a major level of resistance. This means buyers are in control and seller cannot push the price lower anymore. This will give us a better opportunity of a Long Trade for USDCHF
A Rejection Candle that signify that buyers cannot push the price higher for a possible reversal scenario. We can look for a possible short trade in the lower time frame, specifically in the 1 hour time frame. This will push the price back to the major level of daily structure around 0.65180.
NZDCAD breaking out the 86810 level which confirms the possibilty of a reversal. Price Actions forms a Head and Sholuder pattern while RSI having a bullish momentum together a MACD zero breakout.
Trade at your own Risk.
Two Possible Scenario for EURAUD. A Short Term Ascending Triangle is forming near the 163400 Resistance which is a sign of strength to the upside. while on the downside there is possibility of double top formation. We try to wait for the rignt entry and confirmation. I am still bullish on EURAUD