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SCUM4 Updated 

We might be seeing a change of trend/consolidation period for EURUSD moving ahead. The price currently is resting on a trendline support and the recent two bearish PA on around 1.25X is not showing signs of bullishness yet. Long term, it is still bullish but for now, trend might change to go into bearish/consolidation mode.

SCUM4 Updated 

AUDUSD have just bounced off the support last week on Thursday, follow be a retest on Friday. The big bull run up structure is still strong however the recent sharp downward movement signal us to be cautious. We are not in a triangle range, which can go either way, I am on a long trade currently but i prefer to be on the bearish side when price hits around ~0.8

SCUM4 Updated 

After a long downwards movement, continuing from last analysis, USDCAD have been moving up sharply(observe the gradient of the drop/rise), it does resemble a V shape. It have been resisted around the 200MA last week with news adding pressure on the bulls. There will be an trendline support which coincides with the other price support levels, watch that closely!

SCUM4 Updated 

NZDUSD compared to AUDUSD is much nicer in terms of the structure of the PA, we can see nice uptrend intact unlike AUDUSD which is much more choppy. As long as the trendline support is not breached, I am favouring long for NZDUSD.

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We might see a small retracement upwards, for a further slide to 82.xx region. The reason I don't like about exotics is the big swing but this is also good for fast movement as this is not dependent on 'USD' movement.

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The structure of the chart looks bearish, however we might see price spike up higher to continue the downslide. If not a price hitting the 1.73x level might indicate a good level for a long.

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We have a high volume pump up, follow by a fast drop, on a long term we are still long bias. I'm looking at 1.36-1.37 region and the region where the trendline coincides.

SCUM4 Updated 

Watch out for today's price action! It might start its retracement to 1.212x region!

SCUM4 Updated 

NZDUSD have broke through strongly above the 0.713x-0.716x region. It broke up with much resistance at this level and we will be watching to a retracement level to around 0.7 level before a long trade.

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Price have been very volatile for this pair which is highly correlated to Crude Oil prices. It does looks it is ready to retrace slightly before continue the main trend of going down. This pair could be ranging for a few months before resuming the downtrend.

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EURUSD have been in a strong bullish trend since 2017, we will not be going against the trend unless we see strong bearish signals to indicate us/put us in lower risk. There is both Short and Long Opportunity depending on how it played out on the levels moving forward. I don't feel good when price hovers around a 52 Weeks High, it shows me that price will want...

SCUM4 Updated 

Over the past few months the price have been consolidating in a BOX Zone(Highlighted Pink), the recent breakout movement have been hit by a healthy retracement, I do expect price to resume its bullish momentum. Do take note of the nice trendline which will be acting as an resistance to break which will validate this insight.

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USDCAD have been in a selling mode since last week, the breakout from the consolidation zone tells us something about the strength of this selling. We are at a critical support level and we do see the movement to be taking a break. We are looking for short setups at around 1.262x region when the price retest the consolidation zone box. Will update accordingly...

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Euro/Pound is due for a retracement after a long uprun. However every retracement will be a good opportunity to long on the dip. Levels to watch: 0.75, 0.74.