AUDNZD bounced at the support and resistance zone. It might retest the previouse higher high or even break it.
USDCHF might retest the lower trendline of the channel before potential longs. I suggest to wit for signs or rejections and break of structures near the lower trendline before opening long positions.
NZDCAD retraced to 0.618 Fib Level and consolidate at the resistance level at 0.8708. Price might rally to previous lower low if the price can't break the resistance level.
CadJPY is forming lower lows. Price might go down soon due to imbalance in the market in the last few days. Check our keylevels for potential opportunities.
EURJPY Might break the channel soon Due to the irregularities in the pattern, there is a greater tendency that the price might break the channel and go short. We can observe that it is forming lower highs and higher lower resulting to contraction. Always wait for confirmation before entering a trade because market makers might manipulate the price at first break out.
EURCAD can go long as long as it is respecting the short-term trend. It is now forming higher highs which means that it is an uptrend. Price might retest 1.383 level or the demand zone before it continues its trend. If the price fails to break the higher high at 1.393 there will be a high chances that the long-term bearish trend will continue. Key...
CadJPY is forming lower lows. Price might go down soon due to imbalance in the market in the last few days. Check our keylevels for potential opportunities. Key Levels 98.217 97.225 96.685 95.705 94.695
Price is now at the upper trendline of the channel. There will be a higher chances for price to respect the trendline for the third time. And besides this channel is still considered as correction for the long term bearish trend.
NZDUSD retest the 0.68724 level but failed to close below the low and rallies back to previous higher high. This is an indication that the buyers are still in control of the market. I will be expecting for price to break the previous higher high and retest the upper trendline. If the price consolidate and failed to break the previous higher high then it will have...
NZDUSD bounced at the demand zone it might retest the resistance level at 0.6960 before a price drop. The short term uptrend is still valid as long as the trend is forming new higher highs.
Price is trying to respect the trendline. If it rejects the trendline, there is a great posibility that the price will retest the demand zone at 0.6892 and continue the bullish move. But if the price breaks the demand zone, it might retest the lower trendline of the channel.
EURAUD retested the support level at 1.46049 and bounced. The price might visit the trendline to test it. If the price will be rejected at the trendline there is a higher possibility for it to retest the support zone or even break it this time.
GBPCHF is forming triple bottom. It might retest the resistance zone to try break this time. But if the price does respect the resistance level, it give higher chances of short positions.
Hello traders, a quick update from our GBPUSD weekly analysis. The ended the correction and it will have a higher chances to retest near 1.29976 level. Keep note of the 1.31546 level because the price might retest it and make it as resistance level. For me I will look for opportunities near the key levels.
NZDJPY touches the upper trendline of the channel. I will be waiting for the next price action to check if it is a false break out. I am expecting for price correction.
USDCHF is now on its way to retest the bottom of the long term channel. As of the moment it forms a downward channel and it may break above the short term channel and visit the previous highs at 0.94624. If the price decides to break the channel downward it may find support at 0.91762 level. Key Levels 0.94624 0.92942 0.91762 0.90937
USDCAD broke the trendline and retest the zone around 1.24723 level. The price might break the support zone and visit the previous low at 1.23162 level. If the price respect the support zone it may retest the lower timeframe trendline or even retest the 1.28672 level. Key Levels 1.28672 1.27992 1.26376 1.25954 1.24429 1.23162
GBPJPY forms a bullish channel. After a strong rally the price starts to consolidate at the trendline. Price might do correction next week before it continues it bullish move. The price might retest the lower trendline of the channel. Key Levels 157.979 155.022 152.361 149.167