The AUDNZD's downtrend has been broken and a descending channel / flag has now appeared and broken as well.
To me that is a perfect setup for a long trade.
I expect it to go the top of the downtrend. However, I have put in a few targets along the way.
The head and shoulder pattern is now complete. Now we are waiting for USDJPY to come back the the neckline. We wait for a confirmation before entering the trade.
Alternatively we can enter the trade at 117.820
EURUSD broke the major trendline in the middle of December. That means we are going further down. If you are not already in the trade, a good possibility is emerging. This is supported by a falling RSI
Right now there's a lot of resistance and I see a short opportunity, going down to the trendline it has just broken through.
In a longer perspective we could see the USDJPY break through the current resistance and go even higher. Lets see if it can break free from the 200 MA
We have an head and shoulder pattern on a 5M chart (not 15M as this one) USDCAD. It could be that it makes a small reversal after crossing the neckline to test it. Thereafter we could see a drop to 1.34421. Since it had such a strong up trend the last two days it could go event further down to 1.33940.