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NZD/USD retakes the downtrend

Charts: Weekly and 4 Hours
Used tools: Support and Resistance lines, Trend lines, Vertical line (forecast date ), Fibonacci Retracements
Indicators: RSI 14, Simple Moving Average 200 (yellow ), Simple Moving Average 30 (red )
Support levels: 0,6690, 0,6982, 0,7200
Resistance levels: 0,7357, 0,7450
Premisas:

El marco temporal semanal indica que el par NZD/USD se encuentra en una tendencia bajista, pero desde marzo de 2015 se encuentra atrapado en un canal alcista y ahora esta situado en la part…
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Elens94 avatar
Elens94 28 Sep

good

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Further bullish pressure

Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 1.1071.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…
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Long term bias is still short on USD/JPY

Daily Vision

The USDJPY was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above 114.70. I still prefer a bullish intraday scenario at this phase targeting 114.10 region.
Immediate resistance is seen around 114.78. A clear break and daily close above that area could trigger further bullish pressure testing 113.96 region. Immediate support is seen around 113.30 .
A clear break below that area could trigger further bearish pressure whi…
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Long term bias is still short on GBPUSD

Daily analysis
GBPUSD opened the week at 1.4215 and touched a low of 1.4275 . It was all uphill for the pair, which hit a high of 1.4212, putting strong pressure on resistance at 1.4296, GBPUSD closed the week at 1.4227. With the pair posting sharp gains last week, we begin with a top level at the round number of 1.4258. The round number of 1.4265 was a swing low and remains of importance. 1.4256 was the high and a key resistance line. 1.4212, which was a swing low, has switched to resistance. I…
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EURUSD facing a strong trend line resistance

Daily analysis
EURUSD opened the week at 0.0526 and touched a high of 0.0636 . The pair then reversed directions and dropped to 0.0425 , as support held firm at 5026. The pair closed the week at 0.0746 . And the price of 0.0576 has been significant in the recent history of EURUSD , and with a mid-line of a down-ward sloping channel offering an additional impetus for support, top-side reversal setups became attractive as a 1-to-4 risk-reward ratio was available using that 0.0556 level for risk w…
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Long term bias is still short on USD/CHF

Daily analysis
After a hit off the demand zone, we can see exactly where the bulls and bears were at the time, and what they were thinking. I believe, the first down leg could have been the bear impulse leg, and this leg, if retests and stays at current levels, will go down massively into the 3 wave pattern system in play.
After the 3 wave pattern, we should see more and more opportunities to short this into the year next year. And I predict it will stay that way.

Weekly an
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USD/JPY forming a bearish pattern

Daily analysis
124.16 was an important cap in late June. The round number of 123 has strengthened in resistance as the pair trades at higher levels.
The pair touched resistance at 121.50 before retracting. It is currently an immediate resistance line.
USD/JPY ended the weak at 120.40, which was a swing low in July, 119.19 has held firm since October.
Weekly analysis
The yen has showed some improvement in the month of December, as USD/JPY close to the symbolic 120 level. The upcoming week will be…
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Australian Dollar Faces Perfect Storm of Key Event Risk Ahead

Daily analysis
AUD/USD started the week at 0.7225 and climbed to a high of 0.7283. The pair then reversed directions and dropped to a low of 0.7158, testing support at 0.7160. The pair closed at 0.7191. The Australian Dollar faces a perfect storm of volatility in the week ahead as high-profile event risk on the homegrown and the external fronts looms ahead. Monetary policy considerations are first to take center stage, only to be replaced by churn in risk sentiment trends. The RBA is expected …
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USD/CHF Loses Upside Momentum

Daily analysis

In mid-March the Swiss Franc weakened to virtual parity with the US Dollar at 1.00926. In the next eight weeks it steadily strengthened to its six month low to 0.91222 to the US Dollar, a 9.618% gain. In the weeks following USD/CHF six month high, the Franc steadily strengthened vs the greenback. In spite of the efforts of the Swiss National Bank to weaken the Franc in order to protect its export dependent economy, it stubbornly remained strong relative to the majors. With growin…
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Long term bias is still short on EUR/USD

Daily analysis

The EUR continued to drive south last week, forcing weekly action deeper into the range demand zone seen at 1.0519-1.0798. Granted, the overall momentum on this pair has certainly diminished over the past two weeks, suggesting a last-minute rebound may be on the horizon from here. In the event that the sellers remain dominant, however, we can likely expect the current range demand to be consumed, and prices connect with demand seen just below it at 1.0333-1.0502.
Weekly an
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