Bullish divergence so we should see a pullback soon, expecting continuation
I thought I would try a more detailed analysis today since I have some time rather than just typing short bias. Currently no important news is being released for either pairs AUD or USD so what seems to be driving the AUD higher is sentiment plus the USD is exhausted from the buying against the Lira. Tomorrow we can expect the RBA meeting minutes which could be...
Triple top short trade, also divergence on RSI
Bullish momentum for NZD, USD seems to be pulling back.
Double top at 38.2 Fib level plus following trend line, German GDP is being released later today so be cautious. Anything unexpected could be either good or bad for this trade.
likely bullish continuation.
Bearish opinion, looks short to me.
easy to spot ascending triangle pattern happening with EUR/USD, looking to go long once the 4 hour candlestick closes.
USD/JPY had a double top at the resistance level at 111.046 and price has rejected ever since, on the 4 hour chart price continues to push beneath the 20 EMA, and we could see the first target at 108.709.
AUD/NZD is currently testing the new support level after crossing the previous resistance level around the 1.09602 price. 20 EMA is also indicating a strong trend signal, so to follow the trend is always a good idea. Next resistance could be around 1.10729 price.
Price is rejecting near resistance line, idea explained in the chart. Will be going short on this pair.
Inverted hammer at resistance level on 4 hour chart plus divergence with RSI, looking short IMO goodluck.