NZDCAD: Bullish Forecast Explained 🇳🇿🇨🇦
I see a nice inverted head & shoulders pattern on NZDCAD
on a daily time frame.
Its neckline was broken on Thursday last week with a high momentum bearish candle.
Probabilities will be high that the price will rise after its retest.
Goal - 0.82
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Forexswingtradingsignals
AUDUSD: One More Bullish Wave Ahead 🇦🇺🇺🇸
I strongly believe that AUDUSD will resume growth soon.
2 recent strong bullish breakouts of key resistances on a daily
confirm the strength of a current uptrend.
The price is going to reach 0.642 resistance soon.
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GBPJPY: Bearish Continuation Ahead 🇬🇧🇯🇵
GBPJPY will most likely continue trading in a bearish trend
after a confirmed bearish breakout of a key horizontal support.
The broken structure and a falling trend line compose
the contracting supply zone now.
Chances are high that a bearish movement will follow from that.
Next goal - 186.0
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CHFJPY: Bearish Trend Will Resume Soon 🇨🇭🇯🇵
CHFJPY looks bearish on a daily after a violation of a significant support cluster.
The broken structure and a falling trend line compose a contracting
supply area now.
With a high probability, a strong bearish wave will follow from there.
Next support - 165.9
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EURGBP: Bearish Confirmation After Test of Resistance 🇪🇺🇬🇧
EURGBP may continue falling after a test of a significant
daily resistance.
We see multiple violation on minor supports, indicating
the strength of the sellers.
With a high probability, the pair is going to reach 0.8367 support soon.
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GBPJPY: More Growth is Coming?! 🇬🇧🇯🇵
GBPJPY broke and closed above a resistance line of an expanding
wedge pattern on a daily.
It indicates a strong bullish momentum and highly probable
bullish continuation.
With a high probability, the price will reach 196.6 level soon.
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NZDCAD: Bearish Movement in Channel 🇳🇿🇨🇦
NZDCAD is trading within a wide falling channel on a daily.
After a test its resistance, the price formed a head & shoulders pattern on that.
Breakout of the neckline of the pattern indicates a highly probable bearish continuation
within the channel.
Goal - 0.8161
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AUDUSD: Bearish Continuation Signal 🇦🇺🇺🇸
AUDUSD set a new lower low lower close on a daily,
violating a support line of a descending triangle pattern.
It indicates a continuation of a current bearish trend.
We can expect a bearish movement to 0.64 level
with a consequent continuation to 0.637
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AUDNZD: Strong Bullish Signal?! 🇦🇺🇳🇿
AUDNZD broke and closed above a resistance of a wide horizontal range on a daily.
With a high probability, the broken structure turns into support now.
The pair will most likely continue growing.
Next resistance - 1.097
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