pezza82

pezza82

Approaching strong resistance on the daily and entering overbought area. I'm keeping an eye on 4 hourly looking for a sell signal.

pezza82

NZDCAD uptrend losing momentum and on the daily seeing divergence on the RSI. I am keeping an eye to short it once it falls thru the support and re-rests it. 0.8663 is my support to turn resistance.

pezza82

Broken thru the downward trend line and has rebounded off the downward 200MA, is it time for the fall to continue? Sitting on horizontal and downtrend support so keep an eye for the next move.

pezza82

Could this be the right shoulder forming on the daily. All AUD pairs are losing value and this might be where the EUR pushes stronger. Or will the right shoulder push lower to the trend line which it has been respecting since June 18. Something to keep an eye on anyway.

pezza82

Approaching area well respected in the past. I am watching it to get to the 123.3 area then fall to the 121.3

pezza82

Possible signs of bullish movement, targeting 0.69 area. Wait for confirmation of breakout above resistance and retest then go for it.

pezza82

If daily can close above 1.909, I think we can start looking at buying again. 1.909 has been major structure in the past and possibly again.

pezza82

Following the channel nicely, it has hit its support line. Will we see a bounce up for its next leg? I will be watching if it holds and aim for the 84.3 area

pezza82

Broken above descending trend line. Harmonic impulse then back into its downtrend?

pezza82

Buyers slowing down, RSI divergence so don't imagine it to break out above its resistance area. Will be watching to short this back down to 1.67 area, and also keeping an eye on and see what happens at the trend line.

pezza82

Bull flag pattern currently in action. I am banking on one more run down til the 1.27 area which has been a support area in the past and then a possible run back up to an old trend line.

pezza82

So after bouncing off the uptrend support line, it has got to an area where I beliebe will consolidate for a little then continue bullish to the upper falling trend line. Area 109.25 has historically been an important support/resistance area.

pezza82

I believe AUDUSD is now forming its downtrend. Daily is in a downtrend. Failed to break thru long term downtrend resistance. Fallen thru its uptrend channel and maybe forming next channel down. Still waiting for a pullback. It has clearly fallen thru its long term support level and might see it retrace back to it (0.685) From there I will be looking at shorting...

pezza82

If you can see on the 30 min chart it is forming lower highs and lower lows, possibly getting ready to fall thru its support and onto the lower uptrend line. Also MACD is divergent so we should see some bearish action *fingers crossed*