AUDCAD Potential Long Entry: 0.90754 TP: 0.90989 SL: 0.90590
We touched almost 100% retracement. We are expecting price to push upward.
CADJPY exits the previous channel downward and forms a rising wedge. Price might exit the wedge with a strong push downward to retest important levels such as 96.912 level. Two high impact news for CAD today. Employment change and unemployment rate news. Are these signs for weaker CAD?
AUDJPY forms a wedge and might break soon. The direction it exits the wedge might determine its trend. In my opinion due to the rally last two weeks it might retest around 50% of the imbalance.
Price has broken the support line at 132.50 level. It is trying to retrace to see if this is just a false breakout. I suspect that price will try to push upward to see if the sellers will react.
AUDCAD reacts at the S&R zone. A strong candle broke the zone and turns it to support. There will be a higher chance for price to continue to go bullish. Key Levels 0.94436 0.94000 0.93410
EURNZD breaks the support level 1.57353 level with a strong H1 candle. The price is now consolidating and testing the level. Key Level 1.59219 1.57353
EURUSD is at the bottom of the rising channel. The price didn't break the structure yet because it failed to break the previous low. If the price decided to break the structure then it might be the start of the downtrend. Since our stoch rsi is at the oversold, we might be expecting a push upward if the stoch rsi leaves the oversold zone. Key Levels 1.12079 1.08071
USDJPY is reacting at the 123.0 resistance level. If the resistance level continues to reject the buyers there will be a good chance that the price will retest 121.95 level before it retry to break the resistane at 123.0 level. The next key level will be at 124.708 level. Key Levels 124.708 123.011 121.959
Broke through Support level of 1.2463 level. Next key level 1.24387 level.
Ascending Triangle has broken through the resistance line at 98.419 level. Possible bullish price movement forecast for the next 12 hours. If you are planning to take long positions it will be better to wait for price correction before looking for long setups. Key Levels 98.419 98.183 98.004
NZDUSD forms a long-term bullish channel. Last week it tries to achieve new higher highs but the momentum is not very strong. The price bounced at 0.68692 level and now trying to break the previous highs to continue its bullish trend. The 0.69934 level serves as a strong resistance level which made a double top last week. If the price fails to break the 0.69934...
AUDUSD is now consolidating at the top of the long term bullish channel. The 0.75573 level is holding the price to go further and it serves as a strong resistance zone. If the price breaks the zone there will be a greater chances that it will become a support zone. The price might retest the supply and demand zone before it retry to break the resistance zone at...
GPPUSD is now at the bottom of the short term bullish channel. There will be a higher chances that the price might follow the channel and visit the 1.34643 level or the top of the long term bearish channel. GBPUSD is still in a long term bearish trend and it might retest the 1.29976 level if it decided to break the channel downward. Key...
Here are the reasons why I think it might go long. 1. Creates new higher high 2. Retraced to 0.618 Fib Level 3. Touches 3 times on the trendline 4. Stoch RSI is trying to exit the oversold area 5. Upward trend in the higher timeframe Let me know your idea in the comments below
USDJPY is strugling to break the supply and demand zone near 121.239, but the pair is still forming new lower highs. There will be a greater possibility that the price will retest the 122.849 supply zone before retesting the demand zone near 121.239.
The price is still respecting the support and resistance zone. If the price creates new higher lows, it will be a good indication that it will continue to go long. Next key levels will be 1.08849 & 1.09584.
EURUSD touches the upper trendline the third time. The price might retest the lower trendline or even break it this time and visit the 1.08071 level. As of the moment the price forms higher lows.