IF conditions are right we will get a retest of the neckline on NZD
Then we take a long if we see a bullish candle after testing the neckline.
Projection is for 0.73
Looking at the zone Gold has come back up to test the previous ranges 1220 - 1180 . Looking for direction after the close of the daily tonight.
Oil prices need to be watched maybe a bump in Oil will make this trade. Technically valid zone for a short.
Hesitant to trade near this weekly TL waiting and watching for a break or bounce
GBPCAD breaking out of a wedge to form the first move. Waiting for wave 3
head and shoulders forming on NZDUSD
Another drop could push dollar yen higher
EURAUD to rise to 1.500
- Locked in an upward channel
- Bullish Divergence on shows continuation of trend.
AUDNZD took profits today on AUDNZD bounce after consolidation period. Potential to drive higher.
Oil price declines will help the japanese economy it is inevitable. JPN imports most of their oil approx 90 pct of oil is imported. JPN is an island. CAD is weakening. SHORT CADJPY when OIL falls or the other way around
I believe that some buyers have been stalking this long for a while. Waiting for Weekly Resistance.