Possible short If resistance holds. At the moment it is. Stoch is overbought and adx is in 35 point area both indicating eurgbp is overbought. If resistance continues to hold it will likely return back to the previous support level which appears to be fairly strong as it has been hit 3 times now. If the resistance does not hold it will likely go up to the upper...
Ignoring fundamentals predominantly because were on a lower time frame. It's just harder to trade fundamental on lower time frame. Expecting a reversal down to the support level in the triangle pattern then a strong pull back possibly breaking the upper resistance level. Stoch is overbought and adx is above 30 both indicating audjpy is overbought
You either have a double bottom forming leading to a trend reversal . Or a bowl pattern forming leading to a continuation of the trend. tuesday the usd consumer confidence report is coming out. Then the Wednesday after that cad balance of trade is coming out. Personal expectations is a continuation of the trend. No .major economic news is coming out to change the...
Usdchf just hit its 3rd resistance level. Expecting a retracement to at least .931 not expecting any further downturn because the Switzerland stock market index had a great day today. So expecting some some resistance in the switzerland economy in the future.
With south African retail sales out yesterday it may be a bit late to enter but still some possibility. Just broke previous resistance level now pushing upwards. Again may be late to enter but may still have some possible gains
If support holds in 30 minute time frame go long. Triangle pattern forming possible breakout coming. Check again after triangle break out for 15 and 30 time frame go long
Nzdjpy just had a double top. In addition nzdusd just hit the resistant level now for the third time. With that the nzd balance of trade is coming out today providing additional support to these resistance levels.
With the nzd balance of trade out. Nzd is appearing to hold the resistance level. After it passed the previous resistance. Open a short
Nzdusd has hit resistance level for the third time as it just cleared the previous resistance. With the nzd balance of trade coming out tomorrow it will likely hold.
Nzdusd has hit resistance level for the third time as it just cleared the previous resistance. With the nzd balance of trade coming out tomorrow it will likely hold.