USDCHF 4HWatching for a break & retest for a potential new lower low. Price is under daily resistance now after making its pullback up to make another touch to its descending trendline, ready for another wave down ..
Lowerlow
GBPAUD 4HPrice is stalling, trying to build back some momentum sitting between daily resistance & weekly support, waiting for a break below for a continuation of price's downtrend..
DXY DAILYPrice is now testing resistance neckline of the head & shoulders pattern, creating a (lower high), Will price make its to 91 to create a lower low?!
GBPJPY DAILYYen bringing back some very strong momentum, next downside target would be 150.000 weekly support.
EURAUD DAILYPrice looks to have broke its trendline to the downside confirmed.. Moving averages are looking to cross to the downside, & we may see a strong move coming shortly, watching for a potential retest or flag pattern to form for potential shorts
USDCAD DAILYPrice on a strong level of daily support / fibonacci support, may get a retest of broken consolidation or to the 38.2 fibonacci level before a lower low..
GBPAUD 4HPrice making its 3rd touch to its downtrend line. Lower high completed as well as 61.8 retracement, now looking for a lower low to form. Price is at consolidation resistance, looks like it may be ready to short during the next 4 hour candle. Aggressive traders can take this if the candle closes below 1.73000 & conservative traders can wait for a break out of consolidation..
USDCAD DAILYJust an idea here before all the high impact news tomorrow for both these currencies, still looking for a potential retest to 1.26600 broken daily support turning into resistance, after breaking out of its consolidation range a retest never took place. Then we can see a continuation down to make a lower low. Lets see how it goes this should be interesting..
EURNZD DAILYPrice made a double top at daily resistance, & price is forming a bearish flag pattern after breaking its uptrend now making lower lows & lower highs.. Lower high complete, now looking for another potential lower low : ) Lets see if we can get a completion of the head on shoulders pattern!
GBPAUD 4HPrice getting ready to complete its 5th wave down to the next level of daily support, where at that point I will look for a potential reversal. Price came back for a bit deeper of a retracement & is now rejecting a strong level of daily resistance / the 50% fibonacci zone.
USDCAD DAILYFinally price broke out of consolidation thats been going on with this pair for some time now.. Now I am looking for an entry on the retest of broken daily support at 1.26600 (Retest) before price continues back lower to create new lows !
GBPAUD 4H38.2% Fibonacci holding as potential resistance, now watching for a break of the CTL on the 60 min time frame for potential shorts down to the next level of daily support
Dollar Index (DXY)Price breaking below its head & shoulders neckline, a daily close below will send this pair to the 91.30 ish area ...
AUDNZD 4HPrice failed to break above daily resistance on the daily close, now breaking my counter trendline to the downside.. I will be watching for a 4 hour close below for potential shorts
USDJPY 4HPrice broke its uptrend line with a strong bearish engulfing candle, price now looking to head down to next area of daily support 112.000
DXY (Dollar index)Price has entered a small range of consolidation, but overall the daily head & shoulders seems to be playing out well. 50 MA crossed over the 200 SMA, & The 20 MA is under the 50 MA showing a very bearish sign.. I am expecting a strong breakout of consolidation soon moving price further to the downside. Its all about waiting now !
USDCHF DAILYSitting on the daily uptrend line currently, waiting for a break of support for potential shorts here.. Will be on the watchlist !
GBPNZDThe downtrend continues after price broke its counter uptrend line now would be looking for a retest for a continuation to the downtrend..
AUDCHF DAILYBack at channel resistance.. will be see a break to the upside or a bounce back to the bottom? I anticipate a bounce because price is making lower lows & highs, but I will be watching this one closely to see how price action reacts.
EURAUD 4HSupport broken / daily 61.8% Fib level, watching for the next 4 hour close to be below the trendline for shorts
USDCAD DAILYDaily uptrend line broken & support, will price finally breakout of consolidation?! looks like it..
AUDNZD DAILYPrice broke out & retested its uptrend channel, showing a reverse of trend & it looks like price is making lower lows & highs now.. Price rejecting resistance once again, a new lower low is likely on the cards
AUDJPY DAILYPrice is in a downtrend making lower lows & highs after breaking its weekly uptrend, price may touch the 61.8% level before continuing to the downside.. Expecting a lower low this upcoming week...
