NZDCADis at a major resistance area. We also have a potential double top formation. If price respects resistance we can anticipate this pair going down to the .88 area.
EURNZD has respected trend and broken support multiple times. The pair made a new low but hasn't broken the low from early December. If that low is broken we can anticipate the pair going lower.
EURUSD formed a H&S pattern on the weekly chart weeks ago but hasn't moved in that patterns traditional path. We have two inside day bars on the weekly chart signaling a potential push. But the recent push up and then the immediate retracement down means the pair unsure of what direction it wants to go. Another break of 1.1299 could result in a push to recent...
AUDUSD has respected the trend multiple times while breaking support multiple times. Anticipation for the pair to make a new low and continue down is likely.
AUDCAD broke its downward channel. Unlike the previous channel, it hasn't immediately gone up. But anticipation is to repeat history.Looking for a push to the .9648 level.
AUDNZD broke support but was not able to maintain it. Anticipation to test trend is likely. And if price repeats itself, trend will break and go for a nice bullish to the 1.07
AUDCAD has respected the recent break but has yet to make a new high. We will still look forward for the pair to repeat itself. Looking for price to go towards the .985 area.
NZDCAD has some confluence going on. It broke trend and held a major support area and 200EMA. An initial push to .93 is anticipated with an overall push to .955.
EURNZD was recently squeezed due to the descending triangle.The break in support should mean a retest. But an overall downward move to 1.625 can be likely and anticipated.
EURCHF is in a descending triangle. It's made multiple bounces off the top trend line. Now it's in a resting area with the anticipation of move down to support at 1.121. If that move is made, a bounce off support back to trend will be likely and anticipated as well. This should continue until the pair is squeezed and forced into a certain direction.
EURUSD has broken major support and is retesting the support. With this retest, we can anticipate a downward move with confluence coming from the recent H&S formation. A move to 1.07 is likely and anticipated.
AUDUSD is in a descending triangle. With the recent break in support and the immediate retest, the anticipation to go further south is expected. Plus the recent double top adds more confluence to the move.
AUDNZD has been in a descending triangle for the last few months. It's coming to a squeeze and will be forced into a direction. Keep an eye out for which way the market will go.
