Expecting bullish break to the 115.11 area. If price can close out of the descending channel.
I predicted in earlier chart that the AUD would fall in a bearish trend on the downside. I'm now predict the AUDUSD to fall down and touch the key trend line of support area 0.7560. If can break i believe price will fall down to 0.7507 area
I've noticed a doji star candle on the weekly chart. So I believe that the NZDUSD will drop down to test major support area of 0.7050.
The USDJPY retraced about 100 pips today during the New York session. I believe this pair will break the ascending triangle and head down to touch 103.67 area. If breaks that could head down to test 103.17, and than 102.119 from there.
I predict that price will head up to the 0.7670 level. I believe from that price area, price can make a big move on the downside going bearish to the 0.7590 area. If price breaks it's a good chance it can head down to the 0.7507 area.
We see the AUDUSD getting weak here soon due to upcoming events. We believe price action will drop down to the 0.7500 level. We would recommend selling on the rally's to catch better short positions.
The USDCAD has been on a serious up trend today. We believe the pair will continue to rise and test the 1.3304 level.
We have been in short in the EURUSD for past few weeks. We believe the bears will stay in control and price will eventually reach the next level support of 1.0820 level.
Looks like price action has finally broke major resistance area today. Now we predict price will shoot up to the 0.7747 area. If prices can break that resistance we believe it will shoot further up to the 0.7825 level.
I believe that if price breaks the resistance line of the descending channel. Price action will reach to the next key resistance level of 0.7250 level.
Here on the AUDJPY Daily chart we believe it could go any way. If price action breaks the descending channel than we believe price will reach the 86.22 resistance level. But if the price action doesn't break the channel than we believe it will bounce off resistance and go short to the 74.65 support level.
I believe the USDJPY will drop down to the key support level of 103.17. If break i believe it could potentially reach down to the 102.11 level
As we see there has been a break on Daily channel. I believe price action will go down to next major support key level 1.3134.