Wheelty

Wheelty

A series of price rejection candles near the resistance at 1.127 area. A bear candle near/ around the 1.127 area will be a good short. On the flip side, the pair is supported strongly by the 1.14 line. An area to look out if the pair reverses early.

Wheelty

GBPUSD nears a series of resistances, which may see the pair get rejected firmly at either the immediate resistance or the next. A series of shadows on the candles suggests that the price has a stronger downside than upside, as the price keeps getting pushed down.

Wheelty

The immediate support is pretty strong. May see some rebound and test the resistance 1 more time before going further down.

Wheelty

The pair nears a major support around 1.03 where reversal was last seen taking place. The last 2 candles show potential signs of pair reversal. A classic double bottom formation.

Wheelty

From Bloomberg, Bank of Japan Governor Haruhiko Kuroda said he won’t hesitate to boost monetary stimulus if needed, reiterating a pledge during an annual policy retreat in Jackson Hole, Wyoming, at which central bankers stressed their need for backup from fiscal policy. There is more upside than downside in this pair, however, it may start to retrace near 102.6...

Wheelty

A similar reversal pattern has formed. AUDNZD could be in for a short term bull.

Wheelty

Kuroda is due to speak on Wednesday, which may iterate the BoJ's stance towards more QE if necessary. Yellen is also due to speak on Friday, which may drive the dollar upwards if the tone is hawkish. Nonetheless, a head and shoulders have formed on the H4 timeframe. Price has consistently been supported by 99.5 and 100 region and resisted around 101 to...