Priceactionsignals
USDCHF: Bearish Pattern Identified 🇺🇸🇨🇭
Looks like all the setups that I spotted today are bearish.
One more is on USDCHF.
I see a head & shoulders pattern on an hourly time frame
that was formed after a strong intraday resistance.
Bearish breakout of its neckline is an important sign of strength of the sellers.
I think that the pair can drop to 0.8503 level.
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EURCHF: Bearish Movement After Breakout 🇪🇺🇨🇭
EURCHF looks bearish after a breakout of a key daily support.
Retesting the broken structure, the pair formed an inverted cup and handle pattern.
The last 4H candle closed below its neckline.
We can expect a bearish move now to 0.9644
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GBPJPY: Bearish Outlook Explained 🇬🇧🇯🇵
GBPJPY looks bearish after a test of a key intraday resistance.
The price broken and closed below a support of a rising wedge pattern and we see
a strong bearish pressure after a release of UK Retail Sales data in the morning.
The price may reach 202.6 level soon.
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USDCHF: Your Trading Plan Explained 🇺🇸🇨🇭
USDCHF looks quite oversold after the yesterday's bearish rally.
The price is stuck on a key daily support at the moment.
My confirmation to buy the pair will be a bullish breakout
of a neckline of a double bottom formation on a 4H time frame.
A 4H candle close above 0.885 will confirm a violation.
A bullish continuation will be expected at least to 0.8874 then.
If the price sets a new lower low lower close on a 4H,
the trading setup will become invalid.
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EURGBP: Potential Bearish Continuation 🇪🇺🇬🇧
EURGBP nicely respected a major falling trend line on a daily.
The price dropped and violated a support line of a rising parallel
channel on a 4H time frame this morning.
I think that the fall may continue.
Next support - 0.844
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GBPAUD: More Growth is Coming?! 🇬🇧🇦🇺
I see a very bullish pattern on GBPAUD on a daily time frame:
the pair formed an ascending triangle formation and successfully
broke its horizontal neckline.
The broken neckline and the trend line now compose the contracting
demand zone.
A bullish movement may initiate from that.
Goals: 1.935 / 1.943
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NZDCAD: Price Action Bearish Signal 🇳🇿🇨🇦
NZDCAD formed a head & shoulders pattern after a test
of a recently broken horizontal structure support.
I think that the pair may continue falling, after
the release of Crude Oil Inventories data today.
Initial target - 0.8115
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USDCAD: Strong Bullish Signal 🇺🇸🇨🇦
USDCAD formed a bullish flag pattern,
after a strong bullish wave caused by yesterday's CPI report.
The resistance of the flag was broken after the release of PPI
report today.
It is one more important sign of strength of the buyers.
Growth may continue at least to 1.3745 level.
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GBPJPY: Growth Will Continue 🇬🇧🇯🇵
Update for GBPJPY.
Earlier, I shared a very bullish forecast for the pair on a daily.
Analyzing the intraday price action today, I see strong confirmations
of my predictions.
On a 4H, the price broke and closed above a resistance line of a falling channel,
retesting the broken trend line, the price formed a double bottom
and violated its neckline.
We can expect more growth now.
Intraday goals: 192.1 / 194.64
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NZDCAD: Strong Bearish Confirmation 🇳🇿🇨🇦
NZDCAD broke and closed below a key daily horizontal support.
The breakout of a daily structure matches with a violation
of a support line of a horizontal range on a 4H time frame,
giving us a strong bearish confirmation.
I think that the market may reach 0.8115 level soon.
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EURCAD: Strong Bullish Confirmation 🇪🇺🇨🇦
Update for EURCAD.
Earlier we spotted a confirmed bullish reversal on a daily time frame.
After a violation of a daily horizontal resistance, the price started to consolidate
with a bullish flag pattern on a 4H time frame.
The resistance of the flag was broken today with a high momentum bullish candle.
It is a strong bullish confirmation and it indicates that more growth is coming.
Next resistance - 1.4699
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GBPCHF: Pullback From Key Level 🇬🇧🇨🇭
GBPCHF is trading in a bullish trend.
The price recently broke and closed above a key horizontal resistance.
The broken structure turned into a solid support.
We may expect a pullback from the broken structure.
I see a bullish breakout of a resistance line of a falling channel on an hourly time frame
as a confirmation.
Initial target - 1.113
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NZDJPY: Top-Down Analysis & Trading Plan 🇳🇿🇯🇵
NZDJPY broke and closed above a key daily structure resistance yesterday.
The broken structure turned into support.
After a violation, the pair became overbought and we see a correctional movement at the moment.
The price is steadily falling within a bullish flag pattern.
Your bullish confirmation will be a breakout of the flag's resistance.
Let the candle close above that, that will indicate the strength of the buyers.
A bullish continuation will be anticipated at least to 90.9 level then.
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EURAUD: Bearish Reversal Confirmed?! 🇪🇺 🇦🇺
Even though, EURAUD is trading in a long-term bullish trend,
we can not deny the following bearish clues:
First, the pair violated a support line of a rising parallel channel and closed below that on a daily.
Second, the price formed a descending triangle formation and broke its neckline as well.
We have 2 important bearish confirmations now.
The market may easily drop lower.
Targets - 1.640 / 1.628
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AUDNZD: Waiting For Breakout 🇦🇺🇳🇿
AUDNZD is trading in a bearish trend.
The price is currently accumulating within a descending triangle formation.
1.067 - 1.069 is its neckline.
If the price breaks and closes below that on a daily, probabilities will be high that the market will drop lower.
Next support will be 1.0627
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