AUDNZD

Price has been on an uptrend within a rising wedge which broke out about a month ago. Consolidation followed as the previous breakout level was tested successfully.

SUMMARY.

Watch out on the lower time frames to see whether we continue to see lower prices in the near future after the bearish engulfing.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

EURGBP

We see the occurrence of a bullish flag within a long term ascending channel suggesting a good bullish indication.

SUMMARY.

Will the flag act as a continuation of the preceding uptrend or will it reverse it?


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

CADCHF

Price consolidation led to the formation of a symmetrical triangle which to our knowledge may breakout on either side of the triangle.

SUMMARY.

Patiently wait for the breakout and do your duty to follow price appropriately.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

XAUEUR

An ascending channel in a long term uptrend has broken out on the downside. This is surely a potential bear move on the horizon.

SUMMARY.

Extreme caution is however needed to be practiced in anticipating a fall in price as the main trend is still an uptrend, the market could quickly continue on an upward trajectory.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

EURJPY

A head and shoulder pattern forming at a resistance level is a sign that bearish prices are in the near future. Furthermore the pattern has broken out and we’ve had a confirmation.

SUMMARY.

Price action will guide us on ideal points to join the potential bear market preferably on  a lower timeframe.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

GBPCHF

An ascending triangle within a long-term downtrend is a potential sign of bear control especially after a breakout on the downside.

SUMMARY.

Caution should be taken on the entry as a retest could happen on lower time frames before price resumes it’s initial course.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

UKOIL

Within the major downtrend in Crude Oil an ascending wedge formed during the rally and broke out below. This shows a tilt on the sea-saw between buyers and sellers.

SUMMARY.

As usual following a breakout, we ascertain the validity of the breakout and join the bears ideally on a lower time frame.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

AUDJPY

An uptrend lasting the past 6 months has recently been punctuated by a rising triangle that has had a breakout on the upside that happened last week.

SUMMARY.

Confirmation of the breakout on lower time frames is ideal in joining the trend after the breakout.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

NZDCAD

Looking at the double bottom formed by the recent price action, price rallied in the form of a rising channel slightly past the neckline after making the second bottom. Weeks later the channel broke out on the downside.

SUMMARY.

Ensuing the weekly breakout,we should look to join the trend that is likely to begin on a lower time frame following price action confirmation.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

NZDUSD

During the last 6 months bulls have had their hands full pushing prices consecutively higher shown by the rising price channel. Eventually their momentum waned off to warrant a breakout on the downside of the channel.

SUMMARY.

As the steam shifts from bulls to bears following the breakout, price action confirmation is key to join the seemingly beginning down trend especially on a lower time frame.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.