CADCHF: Bearish Outlook Explained 🇨🇦🇨🇭
CADCHF is trading within a wide horizontal range on a 4H time frame.
After a test of a resistance of the range, the price formed a double top on that.
Bearish breakout of the neckline of the pattern is a strong intraday bearish signal.
The pair may keep falling now at least to 0.62621
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Freeforexsignals
NZDUSD: Very Bullish Pattern 🇳🇿🇺🇸
NZDUSD formed a bullish flag pattern on an hourly time frame
after a recent strong bullish movement.
The breakout of the resistance of the flag is a strong bullish signal.
It signifies a highly probable bullish trend continuation.
The price may reach 0.6235 / 0.6245 levels soon.
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AUDUSD: Pullback From Resistance 🇦🇺🇺🇸
AUDUSD may keep retracing from a key daily structure resistance.
The price formed a cup & handle formation on that on an hourly time frame
after the market opening.
Its neckline was broken during the Asian session.
The pair may reach 0.6263 support soon.
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USDCAD: Time For Pullback?! 🇺🇸🇨🇦
USDCAD may pull back from a key daily structure support.
I spotted 2 intraday bullish confirmations on a 4H time frame:
a bullish breakout of a resistance line of a falling wedge pattern,
a bullish breakout of a neckline of a double bottom pattern.
We can expect a bullish movement to 1.363
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EURCHF: Pullback From Support 🇪🇺🇨🇭
I see a nice pullback trade on EURCHF:
the pair test a key daily/intraday horizontal support.
A double bottom pattern was formed on that
and its neckline was broken.
I bought the pair on a retest of a broken neckline.
Goals: 0.9548 / 0.9560
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GBPCHF: Multiple Time Frame Analysis & Bearish Outlook 🇬🇧🇨🇭
GBPCHF may retrace from a key daily horizontal resistance.
The price formed a triple top pattern on that on an hourly time frame
and just broke its neckline.
We can expect a retracement at least to 1.118 level now.
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EURUSD: Bullish After Breakout 🇪🇺🇺🇸
I think that EURUSD has a nice potential to go up
after a confirmed breakout of a key daily/intraday horizontal resistance cluster.
After a breakout, the price is currently retesting a broken structure.
The price already found a minor support on an hourly time frame.
I believe that the pair will reach 1.1035 level soon.
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EURGBP: Intraday Bearish Pattern 🇪🇺🇬🇧
EURGBP has a nice potential to continue falling.
After a strong bearish wave, the pair was consolidating
within a horizontal range on an hourly time frame.
The support of the range was broken this morning.
It indicates the strength of the sellers and a highly probable
bearish continuation.
I think that the pair may reach 0.8543 level soon.
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AUDUSD: Bearish Move From Resistance 🇦🇺🇺🇸
AUDUSD nicely respected a key daily horizontal resistance.
After its test, the price dropped and violated a support line
of a rising wedge pattern on an hourly time frame.
I expect a retracement at least to 0.8518 level.
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EURJPY: Strong Trend Following Signal 🇪🇺🇯🇵
EURJPY looks bearish again after a local correctional movement.
The price started to grow within a bearish flag pattern.
Its support was broken this morning.
With a high probability, the market will return to a bearish trend soon.
We can expect a bearish movement to 156.0 level.
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EURGBP: Pullback From Key Level 🇪🇺🇬🇧
I think that EURGBP may retrace from a key daily horizontal resistance.
After its test, the pair broke and closed below a support line
of a rising parallel channel on an hourly time frame.
The market may reach 0.8544 level soon.
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AUDUSD: Shorting After Breakout 🇦🇺🇺🇸
AUDUSD is retesting a recently broken horizontal support.
The price formed a rising wedge pattern after a breakout
and a double top formation after a retest.
Neckline and a trend line of both patterns are broken.
We can expect a bearish movement at least to 0.6537
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AUDCAD May Keep Going Higher 🇦🇺🇨🇦
AUDCAD set a new higher high higher close on a daily,
after a release of the yesterday's US fundamentals.
The pair successfully violated a resistance line of a wide horizontal range on a daily.
We can expect a further bullish continuation now.
Next resistance - 0.918
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EURCAD: Strong Potential to Drop Lower 🇪🇺🇨🇦
EURCAD has a nice potential to drop lower
after a false violation of a key horizontal resistance.
The price just formed a strong bearish imbalance,
confirming a bullish trap.
I think that the pair may keep falling to 1.4847 support.
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CADJPY: Bullish Outlook Explained 🇨🇦🇯🇵
CADJPY is trading in a bullish trend on a daily.
Last week, the price set a new higher high higher close,
violating a strong horizontal resistance.
The market opening turned out to be bearish.
The pair is currently testing a contracting demand zone
based on a broken structure and a solid rising trend line.
I think that the market may resume the growth soon.
Next resistance - 115.8
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USDCAD: Bullish Confirmation?! 🇺🇸🇨🇦
USDCAD leaves multiple bullish clues after a test of a key daily support.
One of those is a bullish breakout of a resistance line of a falling parallel
channel on an hourly time frame.
The pair may bounce today.
Goal - 1.3685
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USDCAD: Time For Pullback?! 🇺🇸🇨🇦
USDCAD looks quite overbought after a strong bullish rally that we saw last week.
The price stopped growing after it reached a key daily resistance.
We see a formation of a double top on that on an hourly time frame
with a confirmed neckline violation.
We may see a retracement from the underlined structure
at least to 1.3729
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USDCHF: Waiting For Bearish Continuation 🇺🇸🇨🇭
USDCHF looks quite overbought after a test of a key daily horizontal resistance.
As a confirmation, the price formed a double top pattern on a 4H time frame
and violated its neckline.
I think that the pair may test 0.8993 level soon.
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