CADJPY - Weekly analysis CADJPY has been on a long term downtrend since 2017.
Price is testing the descending channel resistance.
Price action is printing an ascending triangle pattern.
Bullish ⬆️ - breakout above the ascending triangle resistance + descending channel resistance.
Bearish ⬇️ - breakdown below the ascending triangle support + previous swing low.
Forex-currency
EURNZD - Potential buy entry 🔼EURNZD brokeout above the trendline resistance.
RSI is printing a bullish divergence signal.
Price is printing the inverse head and shoulders trend reversal pattern.
Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance.
Target 🎯 - Resistance level
Setup invalidation ❌ - breakdown below the support level.
NZDCAD - Retracement 🔽NZDCAD brokeout above the symmetrical triangle resistance.
Price rejected the projected major ascending channel resistance and brokedown below the minor trendline support.
RSI is printing a bearish divergence signal.
Sell entry ⬇️ - fibonacci retracement levels.
Target 🎯 - Support levels
Setup invalidation ❌ - breakout above the major ascending channel resistance.
NZDCHF - Potential retracement 🔽NZDCHF brokeout above the symmetrical triangle resistance.
RSI is printing a bearish divergence signal.
Price is printing the head and shoulders trend reversal pattern.
Sell entry ⬇️ - breakdown below the head and shoulders neckline support.
Target 🎯 - fibonacci retracement levels.
Setup invalidation ❌ - breakout above the shoulder resistance level.
CHFJPY - Potential retracement 🔽CHFJPY is testing a major resistance level.
RSI is printing a bearish divergence signal.
Price action is printing an ascending broadening wedge at the top.
Sell entry ⬇️ - breakdown below the ascending broadening wedge support + previous swing low.
Target 🎯 - fibonacci retracement levels + support level.
Setup invalidation ❌ - breakout above resistance level.
CADCHF - Possible price actionsCADCHF is printing an ascending channel on the 4H timeframe.
Price is consolidating at the mid channel.
Breakout above the trendline resistance could see the price pump to the channel resistance ⬆️.
Breakdown below the trendline support could see the price drop to the channel support ⬇️.
EUR-GBP approaching strong Resistance! Sell!
Hello, Traders!
EUR-GBP surged Up from support
Fulfilling my predictions
And now the pair is approaching a resistance confluence
That is comprised of a falling trendline
And a horizontal resistance level
I expect the pairs rise to be stopped by this resistance
With the subsequent price fall and retest of the rising support
Sell from resistance!
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GBPCAD - Potential buy entry 🔼GBPCAD is testing the symmetrical triangle support from my previous analysis.
Price action is printing an ascending triangle pattern.
Buy entry ⬆️ - breakout above the ascending triangle resistance.
Target - Symmetrical triangle resistance.
Setup invalidation ❌ - breakdown below the ascending triangle support.
AUD_NZD WENT UP, NOW WILL GO DOWN|SHORT!
AUD_NZD went Up nicely from the support
Just as I predicted in my analysis
Now, the pair reached the broken support
That turned into resistance
I think the pair might still go a bit higher
Because the resistance is a wide area
But then I expect the pair to fall
And retest new horizontal support
Short!
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AUDJPY - Weekly analysis AUDJPY is testing the descending channel resistance on a weekly timeframe.
Price has been consolidating in a rectangular pattern at the resistance since June.
We could see a breakout above the rectangular pattern resistance as bullish ⬆️ and a breadown below the rectangular pattern support as bearish ⬇️.
EUR_JPY WILL FALL FROM RESISTANCE|SHORT
EUR_JPY is retesting a strong resistance again
Which I expect has a good chance to be respected
Therefore, I think that the pair will fall from this level
To retest the rising support, potentially going even lower
To retest a strong horizontal level below
Short!
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