Good evening everyone, hope all is well . For this weeks outlook, GBpusd has been in ascending channel. Recently price has rejected the top channel and I believe markets will drop to the bottom. Brexit deal has reportedly been reached but I believe it’s false hope and gonna cause a lot of buyers to enter before dropping off
GBP/AUD is in a interesting spot right now. We can see that price currently has bullish sentiment, however we should not look to buy right now unless we see this major resistance level is broken on lower time frames. If price continues to reject this strong level, we can possibly expect to see a formation of bearish trendline.
Audjpy finally broke that miniature consolidation zone. With that being said, we can wait for a retest and see if this market continues to its bullish move up . I would advise not to be first into the market for a buy long term as price might try and retest this new found support. PATIENCE IS KEY
Aud/nzd is in a interesting position to say the least. I’m expecting price to ultimately buy however, market can decide to push downwards. I’d wait to see what price does around this area first before looking for opportunities.
Expecting GA to continue its overall downtrend next week. Looking to see an exhaustion phase to the trendline or previous high illustrated by the red arrow horizontal, then A strong push phase back down to new structural lows
Expecting AUDUSD to continue its upward move. Expecting price to respect current upward trend line. If line is broken, expect pair to possibly test resistance line then continue move.
GBP is extremely bearish and I believe it will continue bearish for the rest of the month. looking to see a reject at resistance zone and follow trend. Be aware for banks making this market break above highlight zone to test possible downtrend line then ultimately continue dropping.
Aud/jpy is at an interesting level.expecting price to reject uptrend we currently are in and continue over down trend in the weekly time frame. However if green trend line is respected we can see a continuation to the upside. Definitely have to watch what the market does when it opens
Expecting results from current state of the us Economy to begin showing. looking for price to test trend line. Eventually breaking the trend line and continuing downward move.
