Fxphil_trade

Fxphil_trade

looks like audcad has come to retest the 0.91650 support level for the fourth time with a good chance of a breakthrough towards the downside, although there is some rejection on the 1 hour time frame meaning some pullback, but on the daily time frame we could see break through the downside as volume seems promising

Fxphil_trade

looking from the 4 hour time frame we can see that the market has been in a state of consolidation retesting major level of resistance 0.52620 4 times, the current upside push is currently retesting previous level of resistance from a higher high, if you look at it on the 1hr or 30 min time frame the rejections on all these levels are very clear. Giving me the...

Fxphil_trade

AUDUSD has now started a reversal to the upside making higher highs and higher lows, price is currently consolidating on previous level of resistance that has now become support with some signs of rejection around this area. Push to the upside continues to feel optimistic. Price could keep pushing up although could be affected by some US data coming out next week

Fxphil_trade

GBPCAD has now reached this point of resistance, price is really starting to consolidate around that key level with the optimism of continuing to pursue its rally. Seeing some signs of rejection and bullish exhaustion, although price seems to be wNting to continue pushing up

Fxphil_trade

Looks like CADJPY has come to retest previous level of support following with some rejection candles around the zone. Will most likely reject this major level as it remains strong and reverse to the upside

Fxphil_trade

next week im expecting eurusd to break out of the previous downtrend as it has began to restest previous level of resistance. some US economic data will be released Wednesday and thursday but until than, there is a good change price will break through to the upside.

Fxphil_trade

the market has come back to retest level 0.62660 of support with some signs of rejection, before bouncing back to the upside

Fxphil_trade

major level of resistance of has been reached 83.782 with what appears lots of consolidations around that zone from lack of volume, we shall continue to monitor to see if there is a break out or reject

Fxphil_trade

market is currently retesting previous level of resistance with some signs of rejection on the 30 minute and 15 minute time fame, although it does seem to be breaking through. if it does break, there should be a retest before continuing to the upside

Fxphil_trade

There seems to be signs of rejection upon the 91.146 level of resistance as bullish momentum has decreased

Fxphil_trade

There seems to be signs of rejection upon the 91.146 level of resistance as bullish momentum has decreased

Fxphil_trade

Looks like the market is retesting previous level of resistance for the third time at 0.52621its possible that it could break through since its a third retest of this zone and volume looks promising keeping a close eye on how the market reacts around this zone

Fxphil_trade

EURUSD has become to a 4H strong level of resistance with a 4 hour rejection candle. if PPI and unemployment claims are positive tomorrow, i expect US dollar to bring eurusd down playing out our double top. if there is no positive outcome to tomorrows events than i expect price to break through resistance targeting the previous high of 1.09825

Fxphil_trade

audnzd recently rejected major level of resistance with impulsive bearish move, now it looks like its having some kind of retest around the resistance zone with very low bullish volume. i expect market to keep heading bearish towards a target of 1.06720.

Fxphil_trade

Cadjpy has been strongly bearish, daily major level of support has been reached at 109.075, i believe market has come to its end of its bearish run, closing for the weekend with a rejection candle in 4hr time frame. Im looking to see a rejection of support level before reversal.

Fxphil_trade

audjpy is currently retesting 97.348 level of support for the third time creating a triple bottom chart pattern. right now seems to be forming a rejection candle on the 1hr - 4hr time frame, i dont thinking its ready to break out of our correction zone, standby for bullish candle confirmation, before anything.

Fxphil_trade Updated 

Retesting 1h-4hr resistance level for the third time (triple top) waiting for rejection + confirmation before sell off

Fxphil_trade

30 minute time frame downtrend, retesting previous level of support with a rejection candle and another forming, expect price to drop upon bearish confirmation