EURUSDThe price is in a very respectable resistance zone
Affter good rejection and confirmation we can expect the price to start going down.
Possible entry affter break the lines
Fxmarket
EURGBP Shorts coming inClassic Zone trade using my strategy. Not too late to jump in, only 10 pips in profit so far. For you RSI traders out there look at this one ;). Drop is coming, not "if". Should play out by tomorrow!
NZDCHF LongWe got a break of the trend line and now is expected the price to reverse for the up side
CADCHF ShortThe price last night reach a level that never been so low since 2015, and right now affter some market structure we can expect the price coming down again till the level of last night (at least)
XAUUSD Long Gold is in a very strong bulish moment and everything indicates a bulish continuation affter the price at weekly timeframe retested this strong support zone at @ 1565.13.
Always follow the trend, and the trend is at weekly and mounthly timeframe.
This is another update of my previous analysis at February 29.
The price is now very close to my Target TP and then will keep rise.
Some short and long positions will be possible at lower timeframes during the next week.
USDCHF BuyThere is a very strong support level at 0.95433 and the price is making a pull back. At least till 0.96486
GBPNZD ShortIn general Today GBP is falling.
its time to brake the Support zone and keep going till the next strong one.
Can The Resistance 1.6181 Holds Again EUR/USD?As you can see the current daily candle makes a breakout above yesterday's high of 1.6117. The last 3 candles on the daily chart closed above previous high and additionally the price made rebound from the support trend line (started from July's 2017 high on weekly time frame). That's mean that the price may test next resistance at the level of 1.6181. On the upside, a clear break of 1.6181 will turn bias back to the upside for 1.6432 resistance instead.
However, intraday bias in EUR/AUD remains neutral for some consolidations above 1.5976 temporary low. Further decline is expected as long as 1.6181 resistance holds. On the downside, below 1.5976 the bears will target 1.5894/5905. Decisive break there will carry larger bearish implications.
Technically, may be we have a head and shoulders top forming on the weekly chart. If the pattern completes and breaks the neckline (around 1.5898) it will be regarded as a potential top.
The RSI is below 50 which is indicative that the underlying momentum is positive for the AUD relative to the EUR.
Trend AnalysisEURUSD rejected a major support area multiple times. from technical point of view, this behavior is showing short term bullish momentum to retest 1.1119 before resuming the down trend
USDUAH | Still on WatchlistThe hryvnia (UAH) continues to trade sideways while in consolidation in the "no trade zone." Recently, the currency strengthened against the dollar (USD) and initially it looked like an opportunity to go long on the USD. However, the weekly EMA50 (which historically has provided support for the USD) turned into resistance, broke the 3 year trendline, and now we are heading toward the 61.8 Fibo. Above the 61.8 Fibo the USD is still bullish. Below the 61.8 Fibo we have a bit more neutrality with support close at the weekly EMA200 (good place to hedge UAH and/or go long USD).
SPX500USD D1Price has been following a range for some time now, testing both the top & bottom of the range 3 times, closing on Friday with a bearish engulfing break below the range support. Will be watching for a retest of broken support as new resistance next to anticipate more downside to come. This will lead into a weaker AUD & NZD, & causing CHF & JPY to gain strength as these are "Safe haven" assets.
