EURCHF is on a sell for sometime now but the fundamentals at play seems to be distorting the tides, so are we to expect price to respect the fib levels and head downwards or should we expect a continuation of the recent surprise
Having confirmed the USD strength yesterday technically known as the Wednesday reversal effect, we might expect a continuation towards the downside unless proven otherwise, however we know so many fundamentals at play here..., yet it's advised to keep it simple and trade what you see, whilst threading carefully.
GBPUSD, ATM GBP is literally strong, looking into this week we might see a strong movement towards the downside otherwise the trendline might get broken anytime soon for a continuation to the upside.
An Idea on Scalping AUDNZD based on the chart pattern's and indications demonstrated above
Price may break out of this my little box to test the trend line above,(and might continue it's way up to catch the psychological level above and might trade high), otherwise might expect the price to test the trendline for continuation towards the downside as the overall direction shows that price is headed south.
NZDCAD might be on the heading higher in the near term else the market tells us otherwise
GBPUSD might not be showing the volatility as expected so might be in a phase known as consolidation phase so we expected an accumulation/distribution anytime from now hence the outlook...
EURUSD approached the high of last week and has actually reacted to io it, will it continue higher or reject from this zone only time will tell...
AUDUSD is actually might probably be making it to 0.66 levels who knows...
Price tapped the trendline now we set for buy, Apply proper risk management
Following the breakout off the downward trend.., I think this pair might continue to buy at the meantime
NZDJPY looks like it's selling looking at the characteristics displayed here.
AUDNZD possible directions in the near term as there seems to more probability towards the upside.
USDJPY Seems to be in a sell set-up which might be a trap for the late comers that thought that they are selling at a premium price which might be true later-on, meanwhile the looking the other way shows a huge opportunity for the wait for all the drama to clear up then make informed decision, ...Patience is a key.
GBPUSD has showing a kinda weakness in the short term, but for some time I've not seen enough volume or bias confirmations. as the week unfolds we might see some interesting confirmations towards our arrows which will prompt me to take a trade.
USD has been been strong of recent since the formation of the double, is this the sign that the EU bears are back on track, as the irregular 4hr has been broken to the downside, will there be a return to the trendline or are we expecting price to camp around the #next.Price.Resting.Zone.
If price can break the hourly trendline successfully we could expect to ride along the pre-existing downtrend
USD seems to be getting weak of recently unable to close above the 1.36 price area, but on the long run we can see how price might respect the overall trend bias which is buy as we've seen a bullish run through for the past four to five months with a retracement within the last two months which is what's expected as the regular chart pattern.