GBPUSD has been on an uptrend after hitting 6 month low demand zone, partly due to USD weakness after FOMC statements. Upside was limited and resisted twice at supply zone before finally breaking though, after which was followed by a retracement back down into demand zone. Expecting to see some consolidations in the key area before further upside movement.
EURUSD has retraced all the way back into previous demand zone. Expecting price to start making upward movement especially after FOMC meeting. First resistance point would be the supply zone at around 1.1240
EURUSD just completed one wave of retracement and undergoing a second wave. Expecting price to break down to demand zone after second wave of retracement has been completed.
XAUUSD Recently hit a top and completed first wave of retracement, followed by an ABCD up and now commencing second wave of retracement. Expecting price to reach demand zone first and consolidate before continuing upward movement.
EURUSD Has broke through to a new highest point in recent weeks, and started retracing. First wave of retracement has been completed and currently, expecting another wave of retracement, back into previous supply turned demand zone. If price manages to retrace back to that level, it would be a good time to buy long at a good re entry price.
USDJPY has been in a rising channel for a week, retracing back into previous supply zone. Expecting price to continue downward movement once price is done with retracement and exits the supply zone.
GPDUSD has retraced back and entered 1 month supply zone. Price has tested this area several times but unable to break through. Expecting price to drop further once price exit the supply zone.
AUDJPY retraced back to previously broken symmetrical triangle, forcing an ABCD pattern. Price reached supply zone and formed couple of doji candlesticks. Expecting price to continue previous downward trend.
AUDJPY retraced back to previous support turned resistance after breaking ABCD pattern. Expecting price to continue downward movement. Price should have bigger movement after RBA rate cut.
EURUSD has been in a descending triangle since mid apr and price just bounced off support line this week. Expecting one more upward movement before breaking descending triangle, creating more downward movement.
EURUSD completed ABCD retracement. Epecting price to continue up trend till aat least trend line.
AUDNZD showing possible formation of head and shoulders. Previously, AUDNZD showed signs of double top forming, with red rectangle being neckline of double top. Price retested support and start falling again, forming head and shoulders.
EURUSD has been in a 5 month downward channel. Price failed to make lower lows this week and started rising again. Waiting to see if price will bounce off downward trendline or break it and complete a double bottom.
CADCHF Completed an ABC correction and broke rising retracement trendline. Awaiting for a retracement before entering short to confirm downtrend as price has already made a substantial move downwards.
USDJPY Retraced all the way back to previously broken trendline's supply zone and exited. Expecting price to resume downtrend from here.
USDJPY has been in a rising channel retracement on H4 for 1 week prior to the month long down trend. Price failed to reach top of channel, failing to form higher highs and showing signs of a double top. Might be the end of the retracement and price may continue falling. Entry point would be at neckline, 109.871.