GBPAUD........... AUD having a lift off on the RBA Gvernor's comments.
Anyways a move down to 8880 can provide buy back opportunities on short term. The lvl also comes in as a swing point & also a break zone so if it shows holding pattern can look for 898X followed by move into early 91XX...
Ideal scenario will be a test to 888X and a close back above 890X ...
Mid 322X should be capping for now.. 326X comes as a possible bigger test of resistance.
Downside 3255-60 retraces could provide the swing for 326X play..
#trading #trendlines #priceaction #pattern #channels #patterns #training #usdcad
Its been very long since I last charted the bitcoin..
Channel play in effect with bottom 8,000 and top approx 9,000. Should gravitate within.. Likely turning into buys soon...
Bottom extension 7,870-7,900 and that is of high interest for a test there and a lift off, with close back above to 8,000 becomes a better buy back signal..
Just a tech view......
Bitcoin.... And yes.. Some story telling here.. But I guess everyone knows about it. Whether hoax or next best thing to hit the global markets - regardless of any opinion just a tech view on it.
Falling under 8500-8600 and then dropping under 7000 - the coin is likely to test 4900-5000 barrier.
Looking at tech play would expect bounces off there; and as of now...
Will look for resistance patch to show intend on holding for we can have a consolidate phase within 200-250 pips zone from 82XX down to 795X, perhaps even extending further 200 pips down..
GBPAUD Daily -
GBPUSD & GBPJPY ... Short term view....
GBPUSD looks like hitting and possibly done a retrace off the Friday's lows and have tested a decent resistance. A fall back towards 377X looks likely. A break below the later would yield more losses on the pair.
Alternatively a clean break above 3880 brings the focus back towards rallies close to 1.4000 lvl.
Diamond formation -- Possible indication of counter trend possibly to set up..
While the JPY has definitely benefited from the dovish stance by BOJ - the falling stock aided in the recovery as well. While Stocks can possibly fallout more it be interesting to see if USDJPY likes to carry further on the strength or is it time to start measuring; if the possible...
bitcoin 8 - Few days back.. The top of the range holds out & retrace is on the way ..
Bitcoin 4 hr
Bitcoin 8 hr -
Bitcoin 8 hr - Hint of inv H&S is there hence for now we just may be putting on a Right Shoulder. Hence under...
Considering we have solid double top scenario and most likely we do .. I'm looking at the following steps on the way down .. 2250 break and closing under be the Key to begin with ( would put weight that double top scenario holds out ). That should get us going for 118.XX with eventual equilibrium point residing around the Big 1.1500...
Im not an expert on Indices and certainly I be clueless when it comes to fundamentals - However; I can do a little bit of tech view.
While there are many reason to believe based on tech we have the top in and after a little bit on correction to or around 2,800 handle and a halt - we can see decline back for newer yrly lows and ideally heading to around 2,400...
Yes - this looks like a big boiling point here. There are some obvious patterns and some historical levels to go by at the same time.
A lot can happen - though prefer the short scenario; but an alternate view on break higher & specially closes can see rallies aiming for 6500 zone.
EURCAD Weekly - Diamond...
Lower 131.XX likely to get a test going forward.
the pair is trading under a fresh break out on the Daily -
EJ 4 hr - simply highlighting upcoming support zone though we firmly under the daily break out as shown below..
EURJPY Daily -