magbrr

02:25

magbrr

AUDCAD has trebled its longing for a bottom and has finally made it into bearish territory. However, we await closure below small triangular zone shown for confrimation of further downward bias toward 0.912-ish area. See video analyses for details

01:53

magbrr

AUDCAD for the better part entered into a downward stretch last week largely from disappointment from RBA rate cut signals. However this pair traded with heavy volume into support zone last week and it is our view that consolidation for buy orders should resume. However, this needs to be confirmed above current support zone shown and target will be as per blue...

01:12

magbrr

FX:AUDCHF neutral at the moment. Our technical analyses measurement of market sentiment suggests a wait and see approach. Daily close above current downward sloping trend line could be met by brief retracement before onward bullish continuation. Further downward movement will be confirmed only after break of current support confluence zone. See video for further...

03:23

magbrr

AUDJPY currency pair appears to be locked in an indecisive range between 79.606 & 77.753 cluster zones. Our outlook is neutral at the moment but might provide opportunities for range traders. Current price action warrants further observation in candle behavior as a daily close that completely engulfs previous day's candle (reverse hanging man) or a daily close...

02:14

magbrr

The AUDUSD is tracing out what appears to be the finishing stages of a downward move. Downward momentum appears to be finishing and our bias is largely bullish for the pair. However current downward move could still stretch to as low as 0.70191/0.70137 cluster zone. At this zone we expect to see strong buy orders enter the market if not before. However, the...

01:33

magbrr

AUDCAD has assumed a bullish shape. Currently we anticipate consolidating into long positions just above the blue trend line shown with target in the 0.96388 region. However, any price move or price close on a daily basis below 0.9352 zone invalidates the bullish outlook Happy Trading! www.trading-equity.com www.facebook.com

magbrr

GBPJPY appears to have traced out the final 5th impulse wave identifying wave (i) of (3) as shown. This implies that current move should see further downside till about 145 zone which is strong support. A rally from there would not be surprising as the bigger structure being studied suggests a further appearance of strong impulsive wave (3) of III. High Volume...

magbrr

Adjusted USDJPY direction. Above or below support (red) and resistance (green) zones around current price action shown is recommended trading and entry areas in the downside or upward direction respectively as the case may be. Target is as shown also once break out on daily close is confirmed. Happy Trading!! www.trading-equity.com

magbrr

NZDUSD currency pair appears to be keeping to the plan. With 0.69708 resistance taken out sights are now placed to the upside for possible swing trade to 0.71923 first. Further close above there will open up further upside potential to 0.74478 cluster resistance zone. On the downside, a daily close below 0.69531 should invalidate any bullish view on this pair for...

magbrr

Price move of pair into zone above or below extends to next zone above or below as shown www.trading-equity.com

magbrr

EURUSD a-b-c correction nearing completion. Anticipated bullish orders to enter market after potentially short downward move as shown. Down move would be highly overstated with gap-down on open and thus invite volatile bullishness into market. www.trading-equity.com

magbrr

EURCHF implied direction going into next week.

magbrr

AUDCHF proposed direction following close below trendline. www.trading-equity.com

magbrr

AUDCHF proposed direction following close below trendline. www.trading-equity.com

magbrr

GBPUSD modified potential levels to watch www.trading-equity.com

magbrr

EURUSD pair has reached consolidation zone. Further downside momentum is viewed as taking a pause at key support zone 1.17606. Further daily close below this level will bring key cluster support zone @ 1.5540/1.5512 into focus. Further breach below the latter zone will open up 1.13246 support as next potential target. www.trading-equity.com

magbrr

USDJPY pair has breached two consecutive important resistance levels namely R1 @ 107.933 cluster zone as shown and R2 @ 110.376 respectively. Current price action is viewed as a "wait and see" effect as price consolidates at minor resistance of 111.439. Consequently, next target is opened up and eyed @ 113.380/113.781 cluster resistance. www.trading-equity.com

magbrr

GBPUSD is currently trading below key support area of 1.37162 and our bias for this pair is now bearish. Concern for growth in the UK and slower than expected interest rate increase could drive the price of this pair lower. Next target is @ 1.30528 cluster support zone as shown. www.trading-equity.com