raphael

From the opening price at midnight new york time on Monday I expect a consolidation with a drop lower likely on Tuesday or at the very least on Wednesday before a run to the buyside liquidity

Bouncing off a demand zone looking to push up. Look to go long

EURJPY is currently showing signs of a bear flag pattern, indicating a potential continuation of the downtrend. After a bounce from the volume resistance level around 147.586, the price is expected to resume its downward movement. Traders can target the take profit area near the volume/macro trend s

So far, price has stayed above the 21 EMA which makes me bullish biased still but I am anticipating a reversal at 134.71 - 134.87 region, I will suggest waiting for confirmation.

I do expect EURUSD to long really hard through the rest of the week. Now that PMI numbers are out this should be the direction for EURUSD through the rest of the week. The XXXUSD pairs should correlates in their slight ways. EURUSD SIGNAL SL @ 1.06945 (-30pips) TP @ 1.08789 (+150pips) NFA

Update for USDJPY . Earlier, we have spotted a confirmed breakout of a falling parallel channel on a daily. The price has nicely respected the underlined blue zone that we considered to be the buy zone. The price bounced from that and set a new local higher high higher close. I will expect a further

The market is ranging at the resistance. The price is testing strong resistance zone after impulse leg and channel breakout. The market is ranging on the 4H timeframe as well. I think the market will test support if price forms a fake break or fake break of the range zone. I expect fake break bar at

EURNZD moved out of the descending channel . The market created a false break and oversold conditions at the support level on higher timeframe. Price broke through and closed above the swing zone at 1.65000. We expect a retest of the resistance level .

AUDCAD moved out of the ascending channel. The market has reached the psychological level at 0.9000. Price action is likely to test the support level after rejection. We expect a pullback.

Inflation in New Zealand is at 2.2% this is not good for kiwi, but for price to drop I expect a false bullish run to the upside targets 0.5795 stops below 0.5652 Use proper money management.

Long Trade - Long EURCAD Setup Market is on Uptrend - Check (Signal) Pullback on Support - Check (Operation Entry Trigger) Market Touched Moving Average - Check TP - 10 Pips SL - 60 Pips

AUD/USD is flatlined near 0.7172, having defended 0.71 earlier this week.  Australia's home loan data for August bettered estimates.  Improved risk appetite favors continued rise in the AUD.  AUD/USD is trading in a sideways manner near 0.7172 at press time with the bulls taking a breather, having