USDCAD is ranging in the channel. With the bounce off the bottom of the channel, anticipation to move towards the top is likely. A push to 1.3650 is expected and likely.
NZDCHF is in a ranging zone. Price has not been able to fully break above .69. So we have strong resistance there. And with the recent break in support taking price down to the .6580 area, anticipation of the happening again is likely. We will have to watch and see what happens.
NZDCAD is bouncing between trend and support. With the recent bounce off support, anticipation to push towards trend is likely. this should continue until price is squeezed and is forced to either break trend or break support.
EURNZD is in a descending triangle. price has respected trend and currently resisting 50 EMA. If price breaks trend, anticipation of testing 200 EMA is likely.
EURCHF is in an overall descending triangle. With the downward trend and 200 EMA being respected, anticipation for a drop to support at 1.1210. After that, expectation of price bouncing between trend and support is likely until price squeezes and is forced into a direction.
EURCAD has been ranging in the channel for quite some time. With the recent break and confirmed move above the 200 EMA, I see a Fib retracement to 1.5230.
EURUSD is being tricky. It has respected the trend line since beginning of the year. While it has had various breaks about the trend line, price has come right back down. Anticipation of this happening again is likely. A push down to support at 1.1260 is likely.
This pair has been in a descending triangle for the last few months. While previous trend was broken and price went higher, now we come to support and trend. And we sit on major support at 1.0389. We will wait and see what this pair does.
Waiting for this pair to bounce off the top of the channel at the .94500 area. It has confluence with both the top of the channel as well as the 200 EMA. Respecting both would anticipate a drop to the bottom of the channel at .93 A break of the top of the channel and the 200 EMA, we reevaluate.
EURUSD form an odd looking Head and Shoulders and while it penetrated the neckline, it did not follow true H&S pattern. The pair has gone into consolidation since the end of OCT 18'. Looking a the chart, you have three strong bullish bars denoted by the arrows. A bullish bar is a bar with a big thrust up and coming back down closing above the open. On top of that,...
EUR/USD has formed a Head and Shoulder on the daily chart. With price action hovering around the neckline, and break below that could lead to a bear run. Anticipated price of $1.033 if price corresponds to the pattern.
