HangSeng has been trying to push beyond 24200 and closed below 24000 for a 2nd consecutive week. As long as the resistance level continues to hold, bears may start to creep in. Watch closely.
The Aussie's surge was held again by the 0.7777 resistance area. They have repeatedly tried to break the area and held. Look for strolling bears as the pair may have exhausted the charging bulls.
The 0.715 level continues to be a strong holding ground for bulls to charge in. As long as the level continues to be unbroken, we may see a surge upwards to break 0.73 resistance and go further upwards.
The 1.05 level continues to hold, with the pair breaking the level briefly before surging upwards to 1.06. As long as the level continues to be unbroken strongly, we may see a change in short term trend.
The resistance zone of 1.07 to 1.08 has held so far, with a greater surge towards to 1.08 level. The pair eventually got pushed down. On a weekly TF, the pair looks to be inconclusive between bulls and bears. However, as long as the resistance zone continues to hold, bears may start strolling in.
1.013 has been tested once and the 1.005 level may continue to hold. Hence, the 1.005 to 1.015 may be the entry zone for bears. As long as 1.1015 is not broken, bears may start to stroll in.
The 1.36 to 1.37 support level remains unbroken for a 2nd consecutive week. Look for signs of bull on a daily TF.
Further upside on EURUSD as the 1.05 level is not broken but price was rejected instead. Can expect the 1.08 level to be broken easily to 1.09.
EURAUD is at a key 2015 support, which has not been broken for 2 years and counting. As long as 1.37 holds, we may expect some correction to happen. If the level breaks, EURAUD may fall without support.
Resistance zones between 0.77 to 0.78 are major key price rejection areas. As long as the areas continue to hold, the pair may be primed for a major fall.
At a key resistance. Price tried to push past 1.0050. On a D timeframe, it looks to try again. As long as the 1.005 resistance holds, more bears may start to crawl in.
the 38.2 fibo level held as a resistance, resulting in a weekly doji candle. As long as the level continues to hold, bears may come in play.
0.757 resistance seems to be holding well so far. Pair may test the resistance one more time before falling. As long as the 0.757 level holds, bears may come in play.
USDJPY has been supported by 112 to 113 zone for 2 weeks. Support is holding well. Bulls may be in play next week as long as the 112 level holds.
Pair is looking bearish with a weekly doji candle and a H&S in play. May stand the 0.966 area again before falling.
Price has formed a nice shooting star at a support-turned-resistance at 1.331. As long as resistance holds, price should form a nice downtrend for a right shoulder.
Price has broken out of a trend channel. The price has attempted to break 1.07 fibo resistance and is trying to break again. Once broken, can expect price to surge easily to 1.08 at fibo 0.5.
Price has been pretty indecisive and trying to break the 1.40 to 1.41 support zone. The support seems to be holding thus far, will be paying close attention. As long as 1.40 is not broken, we may see a short-term return of the bulls.