Attached is the AUDCAD Daily chart.
As per the technical analysis within the chart, it appears this pair is now in a bullish trend.
Be on the look out for price pulling back to value such as a key line which may present a nice long opportunity in the weeks ahead.
Attached is the AUDUSD daily chart.
It appears a bullish tone is becoming apparent in the AUDUSD pair as seen in the technical analysis within the chart.
Price is currently consolidating at the daily 50 and 200 emas and may continue upward or perhaps pull back to retest the key line before continuing up.
It appears a new bear trend is setting in on GBPNZD.
The bullish channel has now broken to the down side and price has broken back below a major key level (pink horizontal line at 1.94000) which is demonstrated on the daily and weekly chart attached.
Many other NZD pairs are showing bullish signs for new bull runs.
I expect GBPNZD to retest the 1.94000 major...
It appears there is weakness developing in all AUD pairs at the moment. The AUDJPY pair is starting to look promising for a shorting opportunity as we have a counter trend pull back to Daily resistance which is in the form of a key line, downward trend line and daily 50 ema!
We also have a nice Daily high test candle to support this rejection and a minor double...
AUDCAD is currently doing a counter trend pull back to a resistance zone as outlined in the daily chart. AUDCAD is currently in a bearish trend and a pull back to the resistance zone would be an excellent area of value to take short.
This short opportunity is 1-3 days away yet as we need to see some deceleration and 'break down' in the 1 hour chart to confirm our...
HUGE move today in Ethereum. Be aware of jumping in at poor value. You can gain an indication of what 'value' is by observing the two trendline I have plotted on the chart. A pull back and retest to one of these would be a more valuable price to enter this instrument at.
Bitcoin/USD is in an extremely bullish 4 hour trend and this is represented by the 4 hour bullish channel it is currently respecting. Future dips in Bitcoin will likely stop and bounce off the lower channel line. If a correction occurs, this would likely be confirmed when the lower channel line breaks. The pink dotted horizontal line will be the first key line...
As a currency trader, it is important to be able to flip your bias on a market as soon as possible provided you have objective technical evidence to support this flip. Too often, traders are influenced by a third party’s opinion about a long term trade bias that may be generated from fundamental analysis which is highly subjective. They tend to hold this bias for...
CHFJPY is currently in a bearish trend.
it is in the progress of retracing up to a key resistance zone as marked out in the daily chart.
As the chart develops, I will add a 1 hour chart to show my analysis and confluence.
The 1 hour chart will be used to gain confirmation on the short trade.
It looks like EURUSD is approaching key support (horizontal key line and rising trend line). We must observe the 1 hour chart next week and look for deceleration and signs of reversing in the intraday chart such as a break of the 1 hour trend line and be on the look out for 1 hour double bottoms at the key line level.