Chicken Little said the sky is falling! Looks like it's the same for USD/CAD. Bears are in control.
GJ has broken a level and now I'm waiting for the retest of the support level to participate in the continuation trade to the upside on the H1. If not, looking for a new support level to buy the market. Already confirmed on the Daily that GJ is bullish .
Price has broken below previous support and has retested it as resistance. Price is also pushing below the 50 EMA further confirming a push down for the Bears.
There could possibly be a trend reversal headed for AUD/NZD due to price action breaking above previous market structure. Looking out for a break and retest to form a higher high/ low lower to signal a new uptrend.
Looks like the Swissy is in a buy against the Yen. Bulls are buying a store of value currency.
Expecting the bulls to keep control for a bullish GBP vs. JPY
Based on this analysis it looks like the Bulls are in control for GJ.
As AUD/USD hits support and respects the 50 EMA with a bullish engulfing I am expecting to buy the AUD and sell the USD.
A brief analysis of the USD going up in value against the Swissy.
Waiting to catch a sell once AUDNZD comes up into the level with rejection of multiple wicks.
Observation of the flag pole formation with a rising wedge signaling a reversal.