NZDUSD DivergenceRSI indicates a clear divergence within this pair and we can also see NZDUSD stuck in a channel. I'm looking to short this pair down to 0.7227 area
Alexchan
EURUSD Strong Resistance AreaSome strong resistance area around the 1.1167 area incorporated with fairly high RSI values.
GBPCHF Short callThe pound rose back up a bit since Brexit. However there are indications that it won't go up that much higher.
USDCAD strong resistance pointUSDCAD is currently hitting levels of strong resistance where prices failed to break out higher for a while. I nice scalp to the short end will play nicely in this situation.
USDJPY IS A STRONG PAIRThe jappy has proven itself to be the safehaven zone for many traders after all the events surrounding Brexit. A good scalp position holds as USDJPY heads up to an area of resistance and trend line. It may also head down at 102.491, as it's right at a significant trendline and 76.4% fib levels. I expect the pair to continue to fall lower in the future
GBPCHF Fake or break?GBPCHF is currently however over the 61.8% region and a area of confluence with multiple support and trend lines. It looks to be that GBPCHF is about to break this region, however for a better indication, I will wait until the break of 1.42215 before entering a trade
USDCAD continue to shortA lot of negative data coming out of the US lately. With the lowest NFP results in 7 years, Interest rates failing to rise again, and positive oil data, I would look to continue shorting USDCAD.
In the technical perspective, The 4th wave is currently proceeding, and I have a gut feeling it won't go higher than 1.2830 before turning around to complete it's 5th wave.
EURCAD PENNANT FORMATIONA Clear pennant could be seen forming on EURCAD. I suspect the pair may be heading lower as there are some bearish movement in EUR at the moment
USDJPY Continues Down trendA Clear hold of the 110.355 levels could be seen (also the 76.40% region), and it looks like USDJPY will continue it's bearish trend. Currently, prices are retracing at the movement, and it looks like prices will continue lower after the retracement
NZDUSD Triangle breakdownMade a nice call on NZDUSD last time and it looks like my predicting lines on the pair is going well. I'm going to short again on NZDUSD, as I believe it will head lower to around 0.6683.
USDJPY at MAJOR CONFLUENCE AREAUSDJPY is currently at a point of major confluence area. With prices right at the 76.40% region and upper trendline. I expect prices to breakout of either direction. Let's wait and see
USDCAD finished retracement and continues to head higher.Looking at the daily time frame, USDCAD made a clear turn around in its prices at the 76.4% fib level. This suggest that the pair may now continue its impulse run to higher highs. I would be looking to buying this pair from now on.
NZDUSD Shooting StarEntered a short last week on and got stopped out. However with possible shooting star reversal, and the pair entering back into the bearish region. I will be shorting this pair yet again.
EURAUD failed to make higher highsWith prices plateauing at the 1.5591 region and failing to break higher highs. The bull run for EURAUD may be at a halt for now. With the appearance of a bearish engulfing pattern, I'm going to enter once it retraces back a little.
AUDJPY continue to ShortLast idea on AUDJPY went well, and I believe that more shorting opportunities are going to continue to exist. Playing off the 61.8% region, which also has a strong resistance area is my next choice of entry. However, entering a short right now as well may also provide a good opportunity.
USDCAD Possible Triple Top formingA possible triple top forming on USDCAD. I'm going to wait and see if 1.2789 would break. If it does, expect price dropping to around 1.271 area
EURJPY Playing off the fib levelsPlaying off the Fib levels on the pair. I expect the pair to raise to around 124.50 levels before heading back down to lower lows
AUDJPY Triangle breakoutA nice breakout and retrancement could be seen on the pair. I believe prices will head down lower as suggested by the bearish engulfing candle.
NZDUSD Breakout PlaySorry for the inactivity for the past month, but now im back!
Going to playing the breakout like always. NZDUSD made a beautiful retracement, and from the candlesticks, it looks like the bulls are running out of steam and that the bears are making a come back.
Gold 4th wave completed? Gold rallied back up 1224.95. This should be great region to execute some short positions to capitalize on the potential 5th wave. However there is a potential that it head higher to the 61.8% region before turning around.
AUDJPY heads down lowerWith prices breaking an area of high support and further retracing back up to the support region. This aussie pair likes like might be creating a 5 wave move lower. Happy trading everyone
AUDUSD BREAKOUTWith a break of a trendline, I expect the bears to get into the aussie pairs. Let's see what happens
