USDJPY is stil bearish. If price breaks support we can see it a trend continuation.
NZDCAD rejected previous support, we now could see a continuation of the downtrend. Target is the daily 0.786er fibo retracement.
USDCHF rejected nicely at our support zone. We also can see theres a double bottom formed. If price could break the next fibo level, we could se a move upwards to the 0,50 retracement or even further. Please keep an eye at candle formation and trade carefull.
Now everything will be decided, up or down ? This is the question. CADCHF closed under our daily key support level. If it can take a foothold over our daily level, it should move up again. If we see a rejection the next hours we could see a continuation of the downtrend.
In the EURUSD chart we can se its hitting our daily key resistance level. As you can see the candles show us a trend reversal down. Should be a good trade cause we are going with the longterm trend, there are also respected fibo zones.
USDCAD reached a strong resistance and daily zone. We are also at the 0,5 daily fibo which is a major key level. After our analysis we strongly think its going down.
Break n retest already happened. We follow the downtrend for a short.
EURGBP is at a strong resistance zone. We can see a RSI divergence that points towards a short. If EURGBP breaks through the zone, wait for the retest and buy. Please keep in mind EUR is still strong these days, so we have to be careful on this one.
The last days EURUSD had an rise to the top. Now we could see the correction. We have a bullish RSI divergence, that points to a short. We will see how far EURUSD will fall.
NZDUSD reached our daily support zone. This is a setup with a nice risk reward ratio. SL: 064700 TP: 0.66580
Break and retest. Previous support zone turned into resistance. Key Zone to monitor. If the Zone holds we can trade a nice sell.
NZDCAD did exactly what we expected. Now theres a good chance to get in and let it ride to the top.
Correction time for Gold ? XAUUSD is highly overbought in the last days and there is a correction it should make.
EURUSD is in the way upwards. Our 0.786 retracement zone held. Target is the 0.50 retracement or even further.
GBPCAD is on the way up. Good risk reward ratio on this one. Keep looking for candle rejection and get in.