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Looking at the monthly chart a feel the pair is breaking down, but on the weekly and daily time frames show some reversal potential. Head and shoulder reversal as shown on the daily chart is forming up nicely. The MACD is turned up and looking at crossing the zero line. the weekly MACD as turned up below the zero line with MA recently crossing. I may be looking to...

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The market trend in this pair looks to be entering a phase 4 decline. Upwards trend line is broken and a down ward channel in price action is forming. This is also the most time it has spent below the 50ma in the last 4 years. 50ma also now flattening out and could roll over capping price action below it. A couple of support and resistance levels im watching...

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As many will be well aware copper has confirmed a break of the descending triangle. A clear channel has also been playing out with the bottom of the channel still some 8% away.

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Confirmed engulfing candle, short set up on the open. Target shown on the chart. risk 1 to 1. last 4 have been successful so probably due a loser. The strategy works over the long run if every trade taken so I will see how many can be won in a row.

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short entry confirmed. risk 1 to 1

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If the current daily candle in the red box confirms then its a nice little set up but 1to1 risk reward. Target is conservative but could be slightly extended to the grey line which is a 50% retracement of the last move down, I like to be conservative and insure targets get hit. See link as per last engulfing trade (NZDUSD)

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As posted before have now entered first position on the bounce.

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Drawn in the square boxes are the recent engulfing candles. they all have led at least for a short term the direction of the engulfing candle. todays close will be an engulfing long/buy set up. A short term target could be where I have drawn completion of an advanced bearish pattern.

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looking to buy a bounce at 5379 and a break out at 5408.

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bullish flag pattern has advanced. Look at a 100% harmonic move to the underside of prior long term trend. This would be a false break high and will look for a bearish daily candle in the box area to enter short.