As the AUD weakens, our charts reflect this even better. Prepare for downside move!
After a successful retest of the neckline of the head should pattern on D1, I expect even more bullishness from our pair.
Upward bias is supported now stronger than in my previous analysis as the AUD weakens. A successful retest of the 0.618 fibo level should complete our Elliot wave structure.
Successful drop on Gold yesterday enforces our downside bias after this momentary retest of Supply zone.
After a successful fall yesterday, we expect the market after doing a good retest of the broken structural level to continue downwards.
Investor sentiments still give the JPY more strength. Move to the downside is most likely to be a success, but of course, we keep an open mind because a break and positive retest of the upper trendline could mean a switch from a downside to an upside bias for the pair.
Things looking good so far, hoping to see more bullish move.
Break and successful retest. Time to go short.
AUD is looking weaker, AUDUSD dropping, Gold dropping, I expect a bullish bias on EURAUD and bearish bias on EURUSD. Good luck guys! If you need me to do an analysis for Gold, AUDUSD, or EURUSD. Please let me know in the comment section.
So many confluences suggesting a move to the upside to test Daily support now turn resistance.
Confluence and investor sentiment suggests a move to the upside.
A good break and retest and further good candle pattern is good for this move.
A break and retest of the structure is a positive for the USDCAD.
Upward bias might be coming to an end. The intraday perspective suggests a closing of Long swing positions if the market continues to respect the new trend formation on the H1 timeframe.
Downside bias seems to be coming through, Intraday perspective now.
Good confluences, support this move given that the pair has been ranging in a triangle for the past days and investor sentiments slowly shift from the Newzealand.