CADCHF experienced some shaky sell-off last week following some fundamental numbers in retail sales. We view that sell-off as trend correction and is potentially over as the continuation of the uptrend which began on the 6th of March 2018 could possibly be underway to completion. A daily close above 0.76594 should further solidify this case.
With BTCUSD -8.09% forming an evening star pattern at critical resistance level , we favour deeper correction of current upward momentum towards 50% retracement of 11239.0 to 7878.50 @ 9558.70. Overall view is still mildly bullish provided price is contained above 38.2% retracement of 11239.0 to 7878.50 @ 9162.2. Price close below 9162.2 will invalidate any bullish bias
haven't done this for a while now. However, AUDUSD 0.14% pair showing bullish gusto. R1 already taken out as shown, bringing R2 into focus as next target. Should R2 be taken out on the daily close, R3 becomes next focus.
GBPUSD broke key resistance last week and currently is bucking the direction of the trend. Uptrend still intact with targets as shown. Current downward movement shows weakening of momentum with bias to the upside
EURGBP pair is still bullish. Personality and structure of pair makes it vulnerable to further upside extension. Current movement is viewed as effect of instant correlation and only a break of former resistance turned support is needed to confirm protracted delay in upside extension
EURUSD further upside momentum now slowed. We need confirmation above levels shown for positive confirmation of continuation. Momentum deviations rampant in pair as shown and very volatile area of resistance now reached. Approach further doubling up to the upside with caution.