NZDCAD 4HPrice broke its uptrend line with a bearish engulfing candle & retested, CAD news in the morning will be the catalyst to moving this pair..
Break
USDCAD 4HPrice stuck in a range between weekly resistance 1.25000 & daily support 1.24100. Price failing to break above resistance, price now could be done with its manipulation after making its 3rd touch to its 4 hour descending trendline ready to head down now & create a potentially new lower low. Will be keeping a close eye on this pair for a reversal candle back to the upside or a continuation of price's downtrend..
NZDCHF 4HSimple trend analysis, making higher highs & lows. Double bottom to daily resistance, now watching for a break of the counter trend line & retest for buy opportunities. Lets see how it plays out this week!
Decoupling in Stellar?Stellar appears to be decoupling. In Stellar's history these trends do not last long. They often predate a big move for either BTC, or STR/XLM. My assumption is we will see some added volume in Stellar, and see the price raise slightly higher before either a BTC rally, or a Stellar fall will recouple the two. But there can be no better opportunity to make free coins than to take advantage of these types of conditions.
Keep a sharp eye traders!
EURUSD 60Price forming a nice triangle pattern, I am leaning towards a break down to make a higher low on the 4 hour time frame. But price action will be the factor if we break higher or come down for a retracement..
XAUUSD 4HUptrend line broken, now watch for a flag pattern & break of 1325 support for a correction down to 1310 & potentially 1300 monthly support. This will be on the watchlist but only executed after further confirmation
AUDNZD 4H3rd touch to the descending daily trendline, now the counter trendline is broken price is headed down to daily support
GBPCHF 4HPrice now back above previous strong daily resistance 1.33 that has held for a long period of time. Now turned support, price could pullback to this level again before continuing higher or a break or resistance price is at now & a retest will be good for buy opportunities
CADJPY Weekly Price formed a double top to strong resistance at the 91 area, now sitting on its weekly uptrend line. Will be watching for a break or bounce on the smaller time frames
USDCHF 4HThere is now a possibility that price could now see some further retracing to the upside, as price has been in a strong downtrend now looking for some breathing room ..
GBPAUD DAILYPrice is showing a lot of pressure in its 140 pip consolidation range, after its previous strong bullish engulfing candle bouncing off weekly support, showing that price may be ready to reverse its trend. Watch for a clean break of daily resistance ..
GBPCAD 60Potential double top to daily resistance, now watching for a break of price's uptrend line for shorts down to daily support. Retail sales were weak as well so it could mean a pullback for the pound now
CADJPY 60Price broke out of its consolidation box, now moving sideways above. Now forming a bull flag we could see a move up to daily resistance from here watching for a break of the flag
EURNZD 4HPrice broke its CTL, now watching for a potential retest for a continuation down to make a new low
EURUSD 4HAfter price failing to break above 1.23000, it looks like price may be looking to enter some exhaustion. Price action is getting weary, showing a bearish engulfing candle break below support, now acting as resistance. After all the bullish momentum taking place in a short amount of time, we may see a pullback back down to daily support 1.20800
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NZDJPY 4HBreak & retest of uptrend line, rejecting off daily resistance as well. Price could now make a correction
NZDCAD 4HAt a very important decision making zone right now sitting on previous resistance now strong daily support.. Price is in a uptrend making higher highs & lows, I will keep my eye closely on this for CAD news in the morning!
