Move up on weak volume. Or what we should start calling bear food.
Move up on weak volume, bears are coming out.
EUR/USD will retest major trend line at 1.1700, price has been rejected over the 1.1800 line. On the fundamental side, Trump tax talks should aid the retest of the lower price for the pair.
see new long term down trend established on the Euro/Dollar. Get ready to drop it like it's hot for a restest of previous resistance at the base of head and shoulders, with a long retrace to complete a miniature head and shoulders for a down trend continuation.
seeing bulls tire out on USD/JPY, getting in on the bearish ride at .382 retracement level.
Major UJ Price move on high volume symmetrical triangle.
Triple price rejection, easy 10 pips with TP at .618 fib level.
Double top on 1 hr UJ, with short breakout on 15 minute chart, TP1 at the .618 Fib level. Also healthy volume noted.
A move to test the 1.1791 level after bearish breakout. Will TP and watch for continuation or reversal at the 1.791 price level. Will wait for this candle close to enter into trade, after hard rejection to the upside.
EUR/USD has shifted to a bearish down trend after three rejections from the 1.2 line, see short term long to be corrected in the long-term bearish continuation trend.
Technical indicators, as well as news, strongly suggest a bullish Euro. GBP failing after the Brexit vote gives the EUR confidence. The uncertainty of the EUR is temporarily over.
Canada is being slammed by Geo-Political disasters. Technical indicators also indicate a short.