Price formed a triple top and is currently at the trendline. A break below the trendline will confirm the bearish bias. However, if price breaks above the minor resistance, we may just have a continuation of the previous impulsive move.
Price just broke below the lower trendline of the rising wedge and the support. I am expecting a little retest before the continuation downwards.
USDCAD has formed an inverted head and shoulder pattern. The price is currently at the neckline. Wait for a break and retest of the resistance to go long.
GBPUSD has formed a double top below a weekly trendline. Wait for a retest of the broken support turned resistance before entry.
NZDUSD is at a daily resistance. Best to watch price action at the current zone.
Keep an eye on this pair. A break and restest of either the resistance or support will confirm the next market direction.
GBPUSD is showing an interesting trading opportunity at the moment. A break below the trendline and minor support will confirm the bearish bias. Whereas, a break and retest of the resistance and descending trendline will confirm a bullish bias. Watch out for price action.
Price is currently retesting the support area. Find your long entry on a lower timeframe.
Gold is getting ready for a short-term bearish movement to retest the support plus trendline.
NZDUSD is at a key zone. A bounce will lead to the formation of a double top and hence a bearish setup. A break of the zone will confirm the bullish bias.
GBPCHF is forming a potential inverted head and shoulder pattern. A break and retest of the neckline will give a good entry.
EURGBP is consolidating on support + rising trendline. An upward breakout will confirm a bullish bias while a downward breakout plus break of the trendline will confirm the bearish bias. Keep an eye on this pair.
Here's my analysis of USDCAD. Let me know what you think in the comment. Thanks.
EURAUD just broke out below a range. There's a high probability it will continue to head down to the next support.
GBPUSD is forming a potential inverted head and shoulder (reversal) pattern. I will watch out for the break and retest of the neckline before entry.