OANDA:EURNZD
eurnzd, price rejected weekly resistance in that 1.721 area and already started to make it's move down, showing bearish pressure. i'm seeing a bearish wedge formation on the daily timeframe as well so if price breaks out of that zone i would anticipate the ride down to the 1.66 level
OANDA:CADCHF
Upon analyzing the pair, resistance for the triangle has been found at .7625, price has not retested this level as yet for us to observe how it responds to it, but the TDI has confirmed that bulls could be continuing an uptrend. If you are looking for sells, my suggested approach would be to wait for price to break the triangle support and then aim...
OANDA:GBPNZD
GBPNZD is trading at a level of support right now, a strong bounce from the 1.9330 level is needed to regain any hopes for the bulls, if not, we could see an even larger decline than anticipated. Whether it will be the Pound or the New Zealand Dollar to hurt or help this setup I'm unclear, for now I am just looking to see how price moves and...
One of the most heavily traded currencies on the Foreign Exchange market, EURUSD, has been struggling. Though the pair has been ranging for some time now, the overall sentiment remains bearish, mainly due to the intense trade war between the U.S and China. Trump has blacklisted the giant Chinese telecommunication company, Huawei, and Google, one of America's...
OANDA:GBPJPY
GBPJPY is trading at it's lower level in more than 4 months. On May 21 GBP/JPY rallied towards 141.74. However, the pair pulled back in the same day and closed below 140.50 reflecting buyer hesitation. Alongside this development, the relative strength indicator (RSI) failed to break above (30) and continued moving within the oversold territory,...
Waiting to see how price reacts to the 0.68671 region to see if it will respect that area of minor support or if price will push down to the monthly support area, continuing the downtrend. OANDA:AUDUSD
OANDA:USDJPY
Price is currently at the 112.000 level which has proven to be a reliable point of resistance, a bearish engulfing seemed to be forming on H1 as well.
OANDA:AUDUSD
Price has been in an overall downtrend, unable to break past .71988 and .71682, upon retesting it is evident that bullish momentum is coming to an end. Price is almost at an oversold level on RSI, I would use the death cross method of MAs to look for entries.
OANDA:EURUSD
Price has been respecting my zones well, expecting another test of my trend line before decrease in price. Reversals have mainly been in the form of tweezer candlesticks, indecisiveness of the DXY and upcoming news will have medium/high impact on price. Keep an eye out for reversal signals and try to time your entries to perfection.
Market has been making lower highs and lower lows which was my first reason for having a bearish sentiment. Resistance at the 1.81568 level is being respected (market tried to break through two times so far) there was a also a tweezer top on 2/15 which lead to sellers taking control of the market so i'm expecting that move to continue as it did in the past two...
Price has attempted to break through the 1.13100 region multiple times but has failed. Waiting for another re-test of this point of resistance to see if price will break it or give confirmation for shorts back to the 1.12450 region. OANDA:EURUSD
