EURUSD: Huge Gap Up Opening 🇪🇺🇺🇸
There is a huge gap up on EURUSD after the market opening.
The price reached a strong daily resistance.
I think that the gap will be filled soon.
I already see some signs of strength of the sellers on an hourly
with a formation of a double top pattern.
We can expect a bearish movement at least to 1.087.
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NZDCAD: Intraday Bearish Movement 🇳🇿🇨🇦
Similarly to NZDUSD, NZDCAD looks bearish after
a test of a key horizontal resistance.
The price formed a tiny horizontal range on that
and violated its support after a release of US fundamentals.
The price may continue falling now at least to 0.8309
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GBPJPY: Bearish Outlook Explained 🇬🇧🇯🇵
We see the exemplary bullish trap on GBPJPY on a daily.
After a false violation of a major daily resistance,
the price formed a high momentum bearish candle a dropped rapidly.
I think that the pair has a nice potential to continue falling.
We may see some minor correction first
and a bearish continuation to 188.88 level then.
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EURCHF: Buying From Support 🇪🇺🇨🇭
Look at this key support on EURCHF.
There is a high probability that the price will bounce from that.
Our confirmation is a double bottom pattern on an hourly time frame
and a bullish breakout of its neckline.
Goal - 0.9483
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AUDJPY: Overbought Market & Pullback 🇦🇺🇯🇵
AUDJPY may retrace from a key daily resistance.
The pair looks quite overbought after a strong bullish rally.
The market leaves clear signs of weakness, forming a tiny double
top pattern on an hourly time frame.
We can expect a bearish movement at least to 96.6
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EURGBP: Oversold Market & Pullback 🇪🇺🇬🇧
EURGBP looks too oversold after a strong bearish rally.
The price found support around 0.891 level.
Analyzing 30 minutes time frame, I see a clear sign of strength of the buyers
- an inverted head and shoulders pattern formation and a bullish breakout of its neckline.
We can expect growth now at least to 0.844
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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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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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GBPCHF: Time For Pullback 🇬🇧🇨🇭
GBPCHF may pullback from a key daily support.
The pair looks oversold after a strong bearish rally.
The price formed a cup & handle pattern on a 4H
and violated its neckline.
I think that the market will reach 1.14 level soon.
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