AUDJPY AnalysisPrice broke through a rising daily trendline, indicating the possible end of an uptrend. Likewise, it has broken below a strong support and is currently retesting it. A complete retest will give an entry to sell this pair.
Brainwavesfx
AUDUSD AnalysisFrom a daily perspective, price is in a rising channel. In addition, price just formed an inverted head and shoulders pattern after bouncing off a daily support. Anticipating a break and possible retest of neckline to go long.
EURNZD AnalysisPrice just broke and retested a rising wedge in a downtrend. This is a good opportunity to short this pair.
NZDCHF AnalysisPrice is currently consolidating in a descending channel. A break of structure will confirm the bullish bias.
NZDUSD AnalysisPrice broke and retested a confluence of descending trendline and daily resistance. We have good confirmations to buy this pair.
CADCHF AnalysisCADCHF formed a rising a rising wedge and price is attempting to piercing through the lower trendline. A confirmed break will signal a short entry.
NZDUSD AnalysisNZDUSD is bullish at the moment. Expecting a little retracement to the confluence of daily support and the fib 23.6% level before going long.
XAUUSD AnalysisGold has broken above a descending trendline and is currently heading to the supply zone ahead.
GBPCAD AnalysisLooks like GBPCAD is set to resume its bullish trend. A break and retest of the descending trendline will confirm the bullish bias.
EURCAD AnalysisPrice bounced off a rising daily trendline and also broke through an H4 descending trendline and resistance. Waiting for a minor retracement to go long.
EURAUD AnalysisPrice is currently ranging. Waiting for a confirmed break and retest on either side to take a trade.
CADCHF AnalysisWatching out for price action on this pair to make a final directional bias. In the meantime, I am bearish on it.
AUDUSD AnalysisPrice formed a nice inverted head and shoulders pattern after bouncing off the trendline. Anticipating a break and retest of the neckline to go long.
GBPAUD AnalysisStill observing this pair. A break of the minor resistance and trendline will confirm my bullish bias. A break of the support, however, will confirm the bearish bias.
EURCAD AnalysisPrice already broke below the inner trendline. once the daily support is broken, I will be looking for a short entry on EURCAD.
EURUSD AnalysisPrice has broken below the neckline of the head and shoulder pattern as well as the trendline. Price is also currently retesting it and could provide a good shorting opportunity.
GBPCAD AnalysisA correction is expected after an impulse. I expect GBPCAD to make some retracement this week. I will be on the lookout for a bearish market structure before shorting.
GBPJPY AnalysisPrice is currently trading close to a daily resistance and has been rejected once. Price may push up higher a bit before finally retracing downwards to the strong confluence of trendlines and support.
USDCAD AnalysisOn the daily timeframe, price formed a nice double bottom. Here on the 4H, we are also seeing a nice inverted head and shoulders pattern forming. I am bullish on this pair. However, I will wait for the break and retest of structure before going long. If USDCAD resumes it's downtrend, I will keep an eye out for a short.
EURAUD AnalysisEURAUD is currently trading at an important level. Although I am bullish on the pair due to the structure on daily, I will also keep an open mind for a possible break of trendline, hence a bearish move.
AUDJPY AnalysisAUDJPY formed a consolidation around the confluence of support and rising trendline. The icing on the cake is that it has broken above the consolidation and is now retesting it. Find a nice entry to go long.
GBPUSD AnalysisGBPUSD made a nice impulsive move last trading week. I am expecting a retracement this week. I will be on the lookout for reversal structures before shorting the pair.
