After a rejection at the 1955 zone, we would most likely be seeing a 50% retracement to the downside which terminates at 1929.99, a zone that also coincides with the 200SMA on the 1H and 4H chart. The FED news should also serve as a fuel, till after the news, stay safe and make sure your short is at breakeven at most
The aussie is overall bearish. It hit FIb line at 0.618, Fib extension also forming a cluster around 69.130. the day ended with a doji at a major resistance. All reasons to be short on AUDUSD. Gracias.
NZDUSD closed with a bickering future as to any increase in price. 1. It broke out with a very ridiculously low volume viewed on 4 hours 2. It shows a DOJI candle on the daily 3. The FIB retracement coincided with the DOJI If at all NZDUSD increases, its gonna stop at the o.618 FIb line coinciding with a major resistrance and go down. Comment your thoughts. Gracias
I am overall bullish on the USDCAD but we need to see retracement to the 0.618 FIB line (close to 200 pips downward move) and then a big move upward. All movements are indicated in the chart. Review and share your thoughts. Gracias.
USDCHF closed lastweek at a major resistance, and a rejection, the momentum can still push it further to the next major resistance and upon rejection we might see a fatal drop. Summary, Short USDCHF with a look out at next major resistance, stop loss above the resistance