Price is approaching demand area between 1.25896 - 1.27806 marked in green lines. There is a potential buying opportunity highlighted in yellow between 1.25910 - 1.27420 if price starts showing a reversal on the daily time frame. I'll update this post as needed.
Price is approaching demand area between 0.65452 - 0.66285 marked in green lines. There is a potential buying opportunity highlighted in yellow between 0.64730 - 0.65820 if price starts showing a reversal on the daily time frame. I'll update this post as needed.
Price is approaching supply area between 1.31760 - 1.33862 marked in dark red lines. There is a potential selling opportunity highlighted in yellow between 1.31380 - 1.32400 if price starts showing a reversal on the daily time frame. I'll update this post as needed.
Price is inside demand area between 110.728 - 109.368 marked in green lines. There is a potential buying opportunity highlighted in yellow between 110.027 - 110.570 if price starts showing a reversal on the daily time frame. I'll update this post as needed.
AUD/JPY is currently forming a double top inside the supply area on the weekly time frame. Waiting for the weekly candle to close this week before considering a short trade on this pair for next week. Will continue to update this discussion as necessary for possible short trade setup going into next week. Today's daily market outlook video has been posted:...
GBP/USD is currently entering a very strong sell zone area. Its very important to watch price action in this area and sell below the 1.3680 resistance level. Continue to watch daily candle closes in the coming days for a possible sell to trigger any time in the coming days. Will update as necessary. If you have any questions feel free to comment down below and I...
AUD/JPY is currently in sell zone area between 88.55 and key resistance level 89.40 and possible resumption of the downtrend is possible below 89.40 level. Continue to watch what price does in this area but a strong sell is likely in the coming days. Will update as necessary. If you have any questions feel free to comment down below and I will follow up with you...
EUR/USD is so far respecting the 1.2070 level as price is rejecting the level but still waiting for another daily candle close may be necessary to really get a feel for where the market might be heading. Will update as necessary. If you have any questions feel free to comment down below and I will follow up with you as soon as possible. Happy Trading!
USD/JPY is currently stuck in a range bound and from just looking at simple price action we can see that price has moved up from 112.60 level. Over the next day or so its important to see what price does but there really is no clear indication of where price may be headed. Short term bias continues to be resumption of the uptrend. Will update as necessary. If...
AUD/USD is approaching key resistance level of 0.7870 it's important to watch price action at this level for a possible short opportunity. From the current daily candle close from Friday, it clearly shows that price is slowing down as it is approaching 0.7870. Wait for confirmation before entering short.
NZD/USD is approaching resistance level of 0.7175 wait for price action at this level before going short.
USD/CAD will soon begin resuming uptrend from current levels buy orders can be placed with confirmations on another daily candle close above 1.2415 as the most recent daily candle closed above 1.2415 with a sharp rejection after pushing though the level. Will update as necessary. If you have any questions feel free to comment down below and I will follow up with...
NZD/USD is approaching resistance level of 0.7175 wait for price action at this level before going short.
AUD/USD is approaching key resistance level of 0.7870 it's important to watch price action at this level for a possible short opportunity. From the current daily candle close from Friday, it clearly shows that price is slowing down as it is approaching 0.7870. Wait for confirmation before entering short.
Expecting a strong reversal from this key support level of 0.7820, wait for confirmation and enter based on 1 hour and 15 minute charts.
There are no trade setups on GBP/USD at the immediate moment but if you are short then move positions to break even as a bullish move today is possible.