AUD looks stronger at 30mins chart, price is below 23% fib level ready to buy the AUD at buy entry point. stochastic is also favoring the the move, as you can also see the price is moving above 200SMA. strong pull back could take the price higher.
GBP holding the lower trend line. as you can see the price is being bouncing several times at support area and rejecting the bears, bulls guarded bears to go much lower. oversold area at 14 RSI is also supporting the price action to bounce back higher. A strong UK and US economic report will decide the next move. as far i am seeing is this could be a long move. At...
NZD jumped higher at labour data to finish its A wave, by keeping PINBAR in mind B wave could start its rally to finish it at the bottom, as you can see that 30 min chart is in extremely overbought position, so according to me this might be reversal back to bottom. NZDUSD's impact could drag the pair down.
NZD jumped on Labour report to complete its D wave and now bears could take control on E wave to complete its pattern. Pair ahead on US tax bill and FOMC meeting or rate decision could supportive for USD.
bearish flag is been formed and price is below lower trend line ...could be very good option to go short.
Doji candle formed at 1h chart and bears going to take control on E wave, to complete its pattern. could be very good opportunity to sell GBP
LONG, 240, breakout of resistant levels. Weak US employment data, CPI -0.02% rose but looks like bulls still have momentum. Ahead of US data.
AUD weaker at weak commodity index, China's data under performed yesterday. Next week Australian HPI might gives a moderate idea, which way the pair wants to move, ideally looks short at Daily.
Pair has found strong support at 1.19116 and 1.8242 levels. Bullish trend cannot be ignored yet. EUR still stronger than US, as it showed up with mixed data yesterday in American session. Now US inflation data is on the way at end of this week. Meeting expectations or above will drag the pair down and might breach support levels. other way below expectations will...
Clear cut breakout of 0.89290 and 087994 levels. RSI shows EUR near by oversold area, so could be bullish. Ahead of EUR zone CPI data.