Fxsignal
Bank of AmericaA new head and shoulders pattern seems to be in formation as we have started creating our right shoulder.
The bullish leg we recently had, has come to an end as price reaches resistance (which is proving to hold strong).
From here Im looking at a take profit region around the neckline of our formation and if it is broken successfully then the extended tp has also been added to the chart
Bullish Flag on JPYAUD?JPYAUD appears to be forming a bullish flag. Too early to tell, but if going bullish it is usually a good idea to wait for a pull back. Waiting also gives you the opportunity see any sharp reversals and change your mind. Expecting to see a pull back/sell off because of the recent bullish activity, however if all goes as planned it will continue to rise higher and form a bullish flag.
EURUSDHey guys I'm back again with another update. EURUSD has been confusing people lately, every one thinking the bears are finally here and the market is about to fall to the bulls coming back strong and driving the market back up. I believe that we are trading within a tight range provided by indicated trendlines on the chart. Once the channel breaks can we look for a long term move on the pair.
EURUSD ECB Signal Strategy: The 30min ChallengeThe market was largely affected by Italy's proposed budget for 2019 although little activity was noted in EURUSD. Italy has decided not to alter its budget in its reply to the EU, however, in an event further selling in global indices take place Italy will be forced to modify the budget.
EURUSD reached its resistance in the 30min chart. A firm break above (preferrably a 30min close) may pave the way for stronger gains. Likewise, a bearish breakout below the support may suggest further weakness is in store.
This is a classic breakout strategy ahead of the ECB monetary policy press conference.
gbpcadFollowing my analysis posted on GBPJPY, I believe that if the opposite happens (good brexit deal for the GBP as well as bullish economic data, CPI and average earnings) this pair would continue to print a strong bullish candle for the month.
Our resistance trendline will have to be broken first, after that we will have a lot of room for the bulls to play in.
Analysis will be posted once that happens